Upcoming IPOs in India (2023)

Last Updated on May 3, 2023 by Anjali Chourasiya

In 2021, over 63 companies in India went public, collectively raising over Rs. 1.2 lakh cr., which was recorded as the highest amount ever raised in a single calendar year. And in 2022, over 31 companies got listed, raising ~Rs. 57,000 cr. Now it’s time for 2023, and there is an anticipation of several popular companies going public this year. In this article, let’s look at the upcoming IPOs in India in 2023 and how to invest in them.

Table of Contents

Upcoming IPOs in India (2023)

Here’s a list of upcoming IPOs in 2023. Note that the data provided here is tentative, and the companies didn’t announce the IPO release date yet.

Company name	IPO size (Rs. in cr.)
Allied Blenders and Distillers	2,000
Annai Infra Developers	200 – 250
Apeejay Surrendra Park Hotel	1000
Arohan Financial	1800
Bajaj Energy	5450
Chemspec Chemicals	700
Cyient DLM	740
Droom	2,000 + OFS (Offer for Sale)
ESAF Small Finance Bank	998
Fincare Small Finance Bank	1330
Gemini Edibles and Fats India	2500
Go Airlines	3600
Go Digit General Insurance	1,250
Gujarat Polysol Chemicals	414
Hexagon Nutrition	600
Hinduja Leyland Finance	500
Honasa Consumer Limited (Mamaearth)	1,350
Indegene Limited	3,200
Inspira Enterprise India Ltd.	800
Ixigo	1600
Keventer Agro	800
Mankind Pharma	5,500
Medi Assist Insurance TPA Pvt. Ltd.	800
MobiKwik	1900
Muthoot Microfin	700
Narmada Bio-chem	90
OYO Rooms	7,000 + OFS
Penna Cement	1550
PharmEasy	6250
Popular Vehicles and Services	150 + OFS
Rashi Peripherals	750
SAMHI Hotels	1,800 – 2,000
Seven Islands Shipping	600
Shri Bajrang Power and Ispat Ltd	700
Snapdeal	1,250 + OFS
Sterlite Power	1250
Studds Accessories	450
Survival Technologies	1,000
Tata Play	2,500
Tata Technologies	4,000
TBO TEK Limited	2,100
Utkarsh Small Finance Bank	1,350
VLCC Healthcare	300 + OFS
Zaggle Prepaid	750
Aadhar Housing Finance	To be updated
Aakash Educations	To be updated
Asianet Satellite Communication Ltd	To be updated
Bharat FIH Ltd	To be updated
boAt	To be updated
BVG India Ltd	To be updated
BYJU’s	To be updated
Capillary Technologies	To be updated
Capillary Technologies India Ltd	To be updated
Capital Small Finance Bank Ltd	To be updated
Century Metal Recycling	To be updated
Cogent eService Ltd	To be updated
Ebix Cash	To be updated
Ecom Express	To be updated
ESDS Software Solutions Limited	To be updated
Fabindia	To be updated
Fedbank Financial Services Ltd	To be updated
Godavari Biorefineries Ltd	To be updated
HDB Financial	To be updated
Healthium Medtech	To be updated
Imagine Marketing Ltd IPO	To be updated
Infineon Biopharma	To be updated
Joyalukkas India	To be updated
Kids Clinic India Ltd	To be updated
Lava International Ltd	To be updated
Macleods Pharmaceuticals Ltd	To be updated
Maini Precision Products Ltd	To be updated
Mukka Proteins Ltd	To be updated
Navi	To be updated
Northern Arc Capital Ltd	To be updated
Ola	To be updated
Plaza Wires Ltd	To be updated
Popular Vehicles Services Ltd	To be updated
Protean eGov Technologies	To be updated
Puranik Builder Ltd	To be updated
Sahajanand Medical Technologies Ltd	To be updated
Senco Gold	To be updated
Swiggy	To be updated
TVS Supply Chain Solutions Ltd	To be updated
Uma Converter Limited	To be updated
Veeda Clinical Research Ltd	To be updated
Vikram Solar Ltd	To be updated
Waaree Energies	To be updated
Yatharth Hospitals	To be updated

How to invest in an IPO?

Like other investment options like stocks, you need to hold a Demat account to buy an IPO. Once the Demat account is ready, check the pricing bands of the IPO and visit your investor platform. On the days of the IPO release, place a bid according to the price band. Click here for a detailed process on how to invest in an IPO.

What to check before investing in an IPO?

With several companies going public, it can be enticing to invest in them just by considering their popularity in the market. But, as an investor, popularity is not the only thing you need to analyse. Important factors to keep in mind before investing in an IPO are:

Check the company’s financials. The financials need to be strong with good growth potential.
Check the management of the company and its previous works (if any).
Make sure you have sufficient funds in your Demat account.

Conclusion

Many companies in India are looking to go public this year. Read about the companies, keep an eye on their business and fundamentals and invest accordingly. Once the company is listed, you can track its performance easily on Tickertape. Tickertape Stock Screener helps you filter all the listed companies on NSE using over 200 parameters like market cap, profits, returns and more. Analyse thoroughly and invest wisely!

FAQs

What is the maximum investment for an IPO?

As per SEBI guidelines, the maximum investment for an IPO for retail investors is Rs. 2 lakh and if the payment is via UPI, the maximum investment is Rs. 5 lakh.

Can I withdraw an IPO application?

Yes. You can withdraw or modify your IPO application during the bidding period.
To withdraw the application, go to the order book and cancel the IPO. The bank will process the request and release the funds back.
In the case of modifying the IPO, you need to fill out the revision form and submit it to the syndicate member.

What is the bidding period in an IPO?

The bidding period is the time you can bid for an IPO. You can place IPO orders anytime between 10:00 AM on the issue opening day and 4:30 PM on the issue closing day.