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70+ Upcoming Latest IPO 2023 List

upcoming IPO list

Upcoming IPOs in 2023

A record number of businesses were listed in 2022. This has been possible due to rapid digitization as well as the pro-business policies of the government. There has also been a steady increase in partner investors. Experts say that in 2023, a similar momentum can be seen in the IPO segment.

Many unicorn companies and tech start-ups are expected to go public next year. The following table shows the Upcoming IPO list for 2023:

Name of the CompanyIssue Size in Rs. Crores (Tentative)IPO Date (Tentative)
Infinion Biopharma-2023
Mukka Proteins Ltd-2023
Capillary Technologies India Ltd-2023
Uma Converter Limited-2023
Protean eGov Technologies-2023
TBO TEK Limited2,1002023
Gujarat Polysol Chemicals4142023
Go Airlines3,6002023
Arohan Financial1,8002023
MobiKwik1,9002023
Utkarsh Small Finance Bank1,3502023
Ixigo1,6002023
Penna Cement1,5502023
Keventer Agro8002023
Sterlite Power1,2502023
Fincare Small Finance Bank1,3302023
Seven Islands Shipping6002023
PharmEasy6,2502023
SAMHI Hotels1,800 - 2,0002023
Bajaj Energy5,4502023
Apeejay Surrendra Park Hotel1,0002023
Gemini Edibles and Fats India2,5002023
ESAF Small Finance Bank9982023
Medi Assist Insurance TPA Pvt. Ltd.8002023
Inspira Enterprise India Ltd.8002023
Muthoot Microfin7002023
Chemspec Chemicals7002023
Shri Bajrang Power and Ispat Ltd7002023
Hinduja Leyland Finance5002023
VLCC Healthcare300 + OFS2023
Studds Accessories4502023
Annai Infra Developers200 - 2502023
Popular Vehicles and Services150 + OFS2023
Narmada Bio-chem902023
HDB Financial-2023
Century Metal Recycling-2023
Aakash Educations-2023
boAt-2023
OYO Rooms7,000 + OFS2023
Droom2,000 + OFS2023
Ecom Express-2023
Navi-2023
ESDS Software Solutions Limited-2023
Snapdeal1,250 + OFS2023
Capillary Technologies-2023
Ola-2023
BYJU’s-2023
Swiggy-2023
Fabindia-2023
Joyalukkas India-2023
Senco Gold-2023
Kids Clinic India Ltd-2023
Ebixcash-2023
Yatharth Hospitals-2023
Vikram Solar Ltd-2023
Aadhar Housing Finance-2023
Capital Small Finance Bank Ltd-2023
Lava International Ltd-2023
Cogent eService Ltd-2023
TVS Supply Chain Solutions Ltd-2023
Macleods Pharmaceuticals Ltd-2023
Northern Arc Capital Ltd-2023
Veeda Clinical Research Ltd-2023
Puranik Builder Ltd-2023
Imagine Marketing Ltd IPO-2023
Sahajanand Medical Technologies Ltd-2023
Healthium Medtech-2023
Asianet Satellite Communication Ltd-2023
BVG India Ltd-2023
Waaree Energies-2023
Plaza Wires Ltd-2023
Popular Vehicles Services Ltd-2023
Maini Precision Products Ltd-2023
Godavari Biorefineries Ltd-2023
Fedbank Financial Services Ltd-2023
Bharat FIH Ltd-2023

Go Airlines:

India’s popular budget airline Go Airlines has set a target of raising Rs 3,600 crore through its IPO. Go Airlines has submitted documents to Sebi for its initial public offering.

  • Website: https://www.flygofirst.com/
  • Founder: Jehangir Wadia
  • Founded: 2005, Mumbai

Arohan Financial:

Aarohan Financial is involved in providing microfinancing solutions to the unbanked segment of the population. It has filed its DRHP with the market regulator for Rs. 1,800 crore. This will include Rs. 850 crore through new equity shares. The remaining will include secondary components of 2,70,55,893 shares.

  • Website: https://www.arohan.in/
  • Founder: Manoj Kumar Nambiar
  • Founded: 2006

MobiKwik:

Leading digital payment platform MobiKwik has applied for its IPO in July 2021. The MobiKwik IPO will be a combination of an Rs. 400 crore sale offer by select promoters and shareholders with a fresh equity share issue of Rs 1,500 crore. The platform currently serves 3 million retailers and over 120 million customers across the country. 

  • Website: https://www.mobikwik.com/
  • Founder: Bipin Preet Singh
  • Founded: 2009

Utkarsh Small Finance Bank:

Utkarsh Small Finance Bank is one of the small finance banks in India which is expanding rapidly. It has filed papers with the market regulator for its Rs 1,350-crore IPOThe IPO will include a sale offer of Rs 650 crore with a preliminary issue of Rs 750 crore. 

  • Website: https://www.utkarsh.bank/
  • Founder: Govind Singh
  • Founded: 2009

ixigo:

Travel booking platform iXigo is looking to take the IPO route and raise Rs 750 crore through initial fundraising. It wants to collect Rs 850 crore with a sale offer. Its two existing investors, Elevation Capital and Micromax, will exit partially through ixigo’s Rs 1,600-crore IPO. 

  • Website: https://www.ixigo.com/
  • Founder: Rajnish Kumar
  • Founded: 2007

Also Check: What is IPO? – Benefits of Investing in IPO 

Penna Cement:

Leading cement maker Penna Cement is planning to raise Rs 1,550 crore through its initial public offering. The IPO will be a combination of a new share issue of Rs 1,300 crore and an OFS of Rs 250 crore. It has already received Sebi’s approval to launch an IPO.

  • Website: https://www.pennacement.com/
  • Founder: Penna Cement Industries Ltd
  • Founded: 1991

Keventer Agro:

Keventer Agro is one of the popular food and beverage companies looking at an IPO to raise Rs 800 crore. After the public offering, the company’s valuation is set to touch Rs 2,500 crore

  • Website: https://www.keventer.com/
  • Founder: Mayank Jalan
  • Founded: 1986

Sterlite Power:

Established in 2009, Sterlite Power Transmission has 13,700 circuit kilometers with 25 sold as well as ongoing projects. The company has already filed DRHP for its public offering, through which it aims to raise Rs 1,250 croreSterlite will also hold pre-IPO fundraising for shares worth Rs 200 crore.

  • Website: https://www.sterlitepower.com/
  • Founder: Manish Agarwal
  • Founded: 2010

Fincare Small Finance Bank:

Fincare Small Finance Bank applied for its IPO in May 2021. The IPO is going to be a combination of issuing fresh shares worth Rs 330 crore and an offer to sell shares worth Rs 1,000 croreAmong all small financing entities between FY18 and FY20, Fincare Small Finance Bank’s growth rate was the highest in the country. 

  • Website: https://fincarebank.com/
  • Founder: Rajeev Yadav
  • Founded: 21st July 2017

Seven Island Shipping:

Seven Islands Shipping Limited is the second-largest marine logistics company involved in the transportation of gas, crude oil, and petrochemical products. The company intends to raise Rs 600 crore through this IPO. The public offering of Seven Islands Shipping Ltd will be a combination of a new share issue of Rs 400 crore and OFS by existing shareholders. 

  • Website: https://www.sishipping.com/

PharmEG:

API Holdings, the parent company of India’s leading digital healthcare platform Pharmacy, applied for its IPO with market regulator Sebi in November 2021. The issue size of the PharmaEG IPO will be Rs 6,250 crore. This will be a completely new stock issue. 

Samhi Hotel:

Gurugram-based SAMHI Hotels manages 27 luxury hotels across 12 cities, including Marriott and Hyatt Hotels. The issue size of Samhi Hotels’ IPO will be between Rs 1,800 and Rs 2,000. The IPO is a combination of the issuance of new shares worth Rs 1,100 and a sale offer of 1,91,45,624 shares.

  • Website: https://www.samhi.co.in/
  • Founder: Ashish Jakhanwala
  • Founded: 2010

Also Read: Best Stock Market Research App

Bajaj Energy:

Bajaj Energy is one of the leading private companies involved in thermal power generation. Its gross capacity is 24,330 MW. The company intends to raise Rs 5,450 crore through this IPO. Bajaj Energy’s IPO will include a fresh issue share of Rs 5,150 crore, with an offer for sale of shares worth Rs 300.

  • Website: https://www.bajajenergy.com/
  • Founder: Jamanalal Bajaj
  • Founded: 2008

APJ Surendra Park Hotel:

APJ Surendra Park Hotel wants to raise Rs 1,000 through its IPO. The IPO will include a fresh share issue of Rs 400 crore and a sale offer for shares worth Rs 600 crore.

  • Website: https://www.apeejaygroup.com/
  • Founder: Lala Pyare Lal
  • Founded: 1910

Gemini Foods and Fats:

Gemini Edibles, one of the leading manufacturers of sunflower oil, will raise Rs 2,500 crore through its public offering. It will be an offer solely for sale, and the company will not receive any progress from its public offering. Golden Agri International Enterprises is one of the major investors that will disinvest shares worth Rs 750 crore.

ESAF Small Finance Bank:

Launched in 2016, ESAF Small Finance Bank is one of the newest members in the small finance sector. However, it has registered impressive growth in the last 4 years with over 400 branches across India. ESAF Small Finance’s Rs 998-crore IPO will see a primary issue of Rs 800 crore. The rest will be OFS by major investors like PNB MetLife and Bajaj Allianz.

  • Website: https://www.esafbank.com/
  • Founder: K. Paul Thomas, Mereena Paul, Jacob Samuel
  • Founded: 10 March 2017

Medi Assist Insurance TPA Private Limited:

The Medi Assist Insurance TPA Private Limited IPO will be a full-fledged offer of sale of around 2.8 million shares. It is the largest third-party insurance administrator by revenue, with a vast network of over 11,000 hospitals across 722 towns and cities in the country.

  • Website: https://mediassisttpa.in/
  • Founder: Satish Gidugu – Medi Assist
  • Founded: 1999

Inspira Enterprise India Limited:

Cyber security firm Inspira Enterprise India Ltd has filed its DRHP with Sebi for its Rs 800-crore public offering. The IPO will be a combination of the issuance of fresh shares worth Rs 300 crore by its shareholders and investors and of Rs 500 crore.

  • Website: https://inspiraenterprise.com/
  • Founder: Lalit Ahluwalia spearheads

Muthoot Microfin:

Muthoot Microfin is a leading micro financing company providing micro-loans to women in rural areas of the country. The Rs 800-crore IPO will be a combination of new share issues and offers for sale. 

  • Website: https://muthootmicrofin.com/
  • Founder: Muthoot Ninan Mathai & Muthoot Pappachan
  • Founded: 1992

Fusion Microfinance:

Fusion microfinance is one of the best lenders in the microfinancing sector. It has submitted papers to Sebi for its IPO, which will include a fresh share issue of Rs 600 crore by its promoters and shareholders and an OFS of 2,19,64,841 shares.  

  • Website: https://fusionmicrofinance.com/
  • Founder: Devesh Sachdev
  • Founded: 1994

Chemistry:

ChemSpec Chemicals is a popular manufacturer of important additives that are used in the FMCG field. It has applied for a Rs 700 crore public offering, which will be an offer for sale entirely. 

Shri Bajrang Power and Ispat Limited:

Leading steel maker Shri Bajrang Power and Ispat Limited has applied to Sebi for its Rs 700 crore IPO. The IPO will be a fresh issue of 41,18,000 equity shares at a face value of Rs 10 for each share. The company aims to use the proceeds to pay off existing debt and meet its working capital requirement.

  • Website: https://www.sbpil.co.in/
  • Founder: Pawan Goel
  • Founded: 2002

Hinduja Leyland and Finance:

Hinduja Leyland & Finance, the financial arm of automobile manufacturer Ashok Leyland, will raise around Rs 700 crore through its IPO. The IPO will include a new share issue of Rs 500 crore along with an offer for sale by Everstone Capital. 

  • Website: https://www.hindujaleylandfinance.com/
  • Founder: Mr. Dheeraj G Hinduja
  • Founded: 2008

VLCC Health Care:

VLCC Health Care IPO will see a fresh stock issue of Rs 300 crore with an offer for sale by existing shareholders and promoters. The company aims to use the proceeds from its public offering to build new wellness centers across India and the Gulf region.

  • Website: https://in.vlccwellness.com/
  • Founder: Vandana Luthra
  • Founded: 1989

Studs Accessories:

Studs Accessories is the largest manufacturer of helmets and two-wheelers in India. The Haryana-based company will opt for a Rs 450-crore IPO, which will include a fresh issue share of Rs 98 crore by the company’s shareholders and promoters and an OFS of around 39.39 lakh shares.

  • Website: https://www.studds.com/
  • Founder: Sidharth Khurana.
  • Founded: 1973

ESDS Software Solutions Limited:

Nashik-based firm ESDS Software Solutions Limited provides cloud services to private and government organizations. It has filed documents with the market regulator for its IPO. The ESDS Software IPO will involve a fresh share issue of Rs 322 crore. It will also have an OFS of about 2.15 crore shares.

  • Website: https://www.esds.co.in/
  • Founder: Piyush Somani
  • Founded: 2005

Annai Infra Developers:

Annai Infra Developers has also taken the IPO route to raise around Rs 200-250 crore. The face value of each share is Rs 10.

  • Founder: Ashok Kumar
  • Founded: 2008

Popular Vehicles & Services:

Popular Vehicles and Services, one of India’s leading automobile dealers, will release its IPO in the upcoming year. Popular vehicles and services deal with vehicle dealerships of brands like Suzuki, Tata Motors, Honda, and JLR. The IPO will include an OFS of 42,66,666 equity shares along with a fresh issue of shares worth Rs 150 crore. It will use the proceeds to pay off working capital debt and meet general corporate expenses.

  • Website: https://www.popularmaruti.com/
  • Founder: John Paul Kuttukaran
  • Founded: 1983-84

Narmada Biochemistry:

Narmada Bio-Chem is associated with the manufacture of organic and chemical fertilizers. It has an extensive network of 750 distributors across 10 states. The IPO will come with an issue size of 72,00,000 shares, of which 54,00,000 shares will be a fresh issue and 18,00,000 will be an OFS. The face value of Narmada Bio-Chem IPO is Rs 10 per share.

  • Website: http://www.nbclindia.com/
  • Founder: Dineshbhai Patel
  • Founded: 2001

HDB Financial:

HDFC Bank’s NBFC arm will issue its IPO in the coming year. HDB Financial enjoys a solid valuation due to the support of HDFC Bank, one of the largest private lenders in the country. 

  • Website: https://www.hdbfs.com/
  • Founder: Ramesh G
  • Founded: 2007

Centennial Metal Recycling:

Century Metal Recycling is the largest recycling firm in India’s aluminum recycling market. CMR is also the largest manufacturer of aluminum and zinc die-cast alloys with an annual production capacity of 2,18,000 metric tons. 

  • Website: https://www.centennialmetals.com/
  • Founder: Lindemann
  • Founded: 1913

Aakash Educational Services:

Aakash Educational Services provides exam preparation services to students appearing for the 12th class exam and several competitive exams conducted across the country. The company also offers foundational courses for students of classes 8 and 10. As of 2018, Aakash had over 170 centers across 130 cities and towns in the country.

  • Website: https://www.aakash.ac.in/
  • Founder: J. C. Chaudhry
  • Founded: 1988

OYO Rooms:

Founded in 2013, OYO Rooms is a leading digital platform offering hospitality services. The company has filed drop for an IPO of Rs 8,430 crore, which will be a combination of freshly issued shares worth Rs 7,000 crore and a sale offer of Rs 1,430 crore by its existing investors and shareholders.

  • Website: https://www.oyorooms.com/
  • Founder: Ritesh Agarwal
  • Founded: 2013

Droom:

Online automobile marketplace Droom has filed papers with Sebi for an offer of Rs 3,000 crore. This will include a new share issue of Rs 2,000 crore with an OFS of about Rs 1,000 croreThe proceeds will be used for a variety of expenses, including organic and inorganic development initiatives, general corporate expenditures, and more.

  • Website: https://droom.in/
  • Founder: Sandeep Aggarwal
  • Founded: 2014

Ecom Express:

Founded in 2012, Ecom Express is another major logistics company that plans to go public. The company offers end-to-end logistics services, facilitating first-mile pick-up, network optimization, last-mile delivery, and more. It has not yet filed any documents for its IPO.

  • Website: https://ecomexpress.in/
  • Founder: A. Krishnan, Manju Dhawan, K. Satyanarayana and Late.
  • Founded: 2012

Also Check: How to Use Net banking?

New Technologies:

Founded by Sachin Bansal and Ankit Agarwal, Navi deals with lending, microfinance, health insurance and mutual funds. Navi has already started the process of its public offering. It will likely file its DRHP in the first quarter of next year. 

Snapdeal:

Snapdeal is one of the top e-commerce platforms in India. The e-commerce giant will issue new shares worth Rs 1,250 crore with its IPO and offer a sale of shares by some of Snapdeal’s existing shareholders and investors.

  • Website: https://www.snapdeal.com/
  • Founder: Kunal Bahl, Rohit Bansal
  • Founded: 2010

Capillary Technology:

Capillary Technologies is a Bengaluru-based firm that offers commerce solutions and omnichannel engagements. The size of the problem and other details are not yet available.

  • Website: https://www.capillarytech.com/
  • Founder: Aneesh Reddy, Ajay Modani, Krishna Mehra
  • Founded: 2008

Ola:

Ola is another major Indian tech start-up that will launch its public offering in 2023. While it has not been finalized, various reports suggest that the Ola IPO will come with an issue size of Rs 15,000 crore.

  • Website: https://www.olacabs.com/
  • Founder: Bhavish Aggarwal, Ankit Bhati
  • Founded: 2010

BYJU’s:

Edtech giant Byju’s was founded in 2012. Reports suggest that the public offering will help the company get $40-$45 billion

  • Website: https://byjus.com/
  • Founder: Byju Raveendran, Divya Gokulnath
  • Founded: 2011

Swiggy:

Online food delivery platform Swiggy is also on the list of IPOs coming in 2023. The food delivery giant is currently focusing on developing its grocery delivery platform Insta Mart.

  • Website: https://www.swiggy.com/
  • Founder: Sriharsha Majesty
  • Founded: 2014

The above list includes the names of some brands that will go public in 2023. However, this is a list of temporary IPOs and will likely change with new updates coming in. We suggest you keep visiting the page for more information about the 2023 IPO calendar. If you do not have a Demat or trading account yet, then open a Demat account with India’s trusted stock broker Angel One today.

FAQs on 2023 Upcoming IPOs:

Can I Modify or Cancel My IPO Application?

Investors can modify or cancel an application within the bid period. Here is the procedure to follow.

The investor has to fill out a revision form to revise the application and give it to the syndicate member.

To withdraw the IPO application, go to the order book and choose to cancel the IPO. The bank will release the blocked amount within two working days.

What is IPO Issue Size?

IPO size refers to the total monetary value of the IPO, which is calculated by multiplying the total number of shares by the price per share.

How to Apply Online for an Upcoming IPO?

The online process to apply for an IPO is a simple one. Investors can apply from stock brokers’ websites or mobile apps using UPI as a payment option.

Log in to the console and enter the required UPI handle details before bidding. All IPO applications are supported by an application supported by ASBA or blocked amount, which allows the bank to block the amount for the bid price until the IPO.

What Do You Mean by IPO Funding?

IPO funding is a loan given by NBFCs to retail investors, high-net-worth individuals, and corporate entities to apply for initial public offerings. The applicant pays only a small amount as a margin; The lender funds the rest.

Where Will I Get the Application Form for the Upcoming IPO?

To apply for an IPO you need to download the ASBA form. There are two ways to get an ASBA form – the form provided by the broker through which you apply. And second, downloading a blank form from NSE or BSE website.

Related Article – What is Stock Market Trading?

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