Retail investors eagerly wait for lucrative IPOs as these bring with them the promises of significant returns. Before a company goes public, its shares are traded in the grey market. Usually, before the public offering, businesses with enormous potential to perform well become active in the unlisted market. You just need to know the right broker to invest in trending unlisted shares, and you can stay ahead of the race by investing before the IPO.
However, after the company issues equity shares to the public, one can buy them on numerous stock broker websites and be a stakeholder in the company. With the growth of the enterprise, the values of these shares grow as well, and investors witness significant returns whenever they sell these unlisted shares. This is the perfect picture of a budding enterprise going from IPO to becoming a unicorn club member, given it stays on track with growth.
IPO & DRHP
Before an organisation can float an IPO, it needs approval from the Securities and Exchange Board of India (SEBI). The company usually files a Draft Red Herring Prospectus with the SEBI, an offer document containing the details and intentions of the IPO. The DRHP elaborates on the amount the enterprise is looking forward to raising and the purpose of the capital that would be used. The company can disclose the issue size and price later. After everything goes well and the organisation gets a green light from SEBI, it announces a date for the fundraising.
Upcoming IPO in India in 2023
The Indian stock market is hot right now, with top IPOs lined up over the year. As the stock exchange in India grows at a higher rate, new businesses fuel that fire and add to the total holding by retail investors.
2022 witnessed a slowdown in fundraising due to a volatile market, and IPOs of companies like Ola Cabs and Oravel Stays were delayed. However, that will no longer be a problem in 2023, as many businesses have started this year with the intention of consolidation and expansion. Ahead of us in 2023 are these lucrative IPOs for retail investors listed below.
|Name Of The Organisation||DRHP Filed On||Issue Size (In Rs.)||Number of Equity Shares|
|Northern Arc Capital Ltd||15 July 2021||3 billion||36,520,585|
|Penna Cement Industries Limited||May 14 2021||15.5 billion||To be announced|
|Snapdeal||Dec 21 2021||12.5 billion||30,769,600|
|ESDS Software Solution Ltd||Sep 06 2021||3.22||2,15,25,000|
|Navi Technologies||March 14 2022||33 billion||To be announced|
|Popular Vehicles and Services||Aug 05 2021||1.5 billion||4,266,666|
|Medi Assist||May 12 2021||Estimated 10 billion||28,028,168|
|Gemini Edibles & Fats India ltd||Aug 09 2021||25 billion||To be announced|
|Suraj Estate Developers||Mar 7 2022||5 billion||To be announced|
|Nandan Terry||Dec 06 2021||2.55 billion||To be announced|
|Go Airlines||May 14 2021||36 billion||To be announced|
|MobiKwik||July 13 2021||19 billion||To be announced|
|Utkarsh Small Finance Bank||Aug 02 2022||4.99 billion||To be announced|
|Ixigo(Le Travenues Technology Ltd)||Aug 13 2021||16 billion||To be announced|
|Keventer Agro||Aug 10 2021||3.5 billion||10,767,664|
|FincareSmall Finance Bank||Aug 8 2022||13.3 billion||To be announced|
|PharmEasy||Nov 11 2021||62.5 billion||To be announced|
|Bajaj Energy||Apr 08 2019||54.5 billion||To be announced|
|OYO Rooms||Nov 28 2022||84.3 billion||To be announced|
|Droom Technology Limited||Nov 18 2021||30 billion||To be announced|
|Ola Cabs||NA||150 billion||To be announced|
|BYJU’s||NA||To be announced||To be announced|
|Mamaearth||Dec 30 2022||4 billion||To be announced|
|boAt||Jan 28 2022||20 billion||To be announced|
|Tata Technologies||March 13 2023||To be announced||To be announced|
This summarises the list of trending IPOs anticipated in 2023. While the company may elaborate on the issue size or the number of shares, the stock price depends on the bidding. Companies like OYO Rooms (Oravel Stays Ltd) and (API Holdings Private Ltd) have been preparing for the IPO for a long time. Often the DRHP goes through rejections and amendments before approval from the regulatory body (SEBI); therefore, it can take some months to a few years before the company can organise an IPO. When the enterprises amend the DRHP, the issue size and the number of shares may change as well.
Moreover, the competition during the public offering tends to be high for good companies due to the usual hype for their IPOs, not everyone ends up being able to invest in their stocks. Therefore retail investors like to buy stocks of the company when it is still unlisted. If you want to make investments that bring significant returns, don’t wait for the IPO and unlisted shares.