India’s popular budget airline Go Airlines aims to rake up Rs. 3,600 crores through its IPO. The face value of each share will stand at Rs. 10.
Go Airlines has filed papers with SEBI for its initial public offering.
Arohan Financial is involved with providing microfinancing solutions to the unbanked section of the population. It has filed its DRHP for Rs. 1,800 crores with the market regulator. This would include Rs. 850 crores through fresh equity shares. The remaining would include secondary components of 2,70,55,893 .
Leading digital payment platform, MobiKwik, has filed for its IPO in July 2021. MobiKwik IPO would be a combination of fresh equity share issue of Rs. 1,500 crores along with an offer for sale by selected promoters and shareholders worth Rs. 400 crores.
The platform currently offers its services to 3 million retailers and more than 120 million customers across the country.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is one of the small finance banks in India that has been expanding at a rapid rate. It has filed papers for its Rs. 1,350 crores IPO with the market regulator. This IPO would include primary issues of Rs. 750 crores along with an offer for sale amounting to Rs. 650 crores.
Travel booking platform ixigo is looking to take the IPO route and raise Rs. 750 crores through initial fundraising. It also seeks to collect Rs. 850 crores with an offer for sale. Two of its existing investors, Elevation Capital and Micromax, would be exiting partially through ixigo’s Rs. 1,600 crores IPO.
Leading cement manufacturer Penna Cement is planning to raise Rs. 1,550 crores through its initial public offering. This IPO would be a combination of a fresh share issue of Rs. 1,300 crores with an OFS worth Rs. 250 crores. It has already received SEBI’s approval for its IPO launch.
Penna Cement has a strong presence in Eastern and Southern India and comes with an annual manufacturing capacity of about 10 million tonnes.
Keventer Agro is one of the popular food and beverage companies in Eastern India. It is a part of the Keventer Group. It is looking to float an IPO to raise Rs. 800 crores. The company’s valuation is set to touch Rs. 2,500 crores after the public offering.
Founded in 2009, Sterlite Power Transmission has 25 sold as well as ongoing projects with 13,700 circuit kilometres. The company has already filed DRHP for its public offering, through which it aims to raise Rs. 1,250 crores. Sterlite will also hold pre-IPO fundraising for shares worth Rs. 200 crores.
Fincare Small Finance Bank
Fincare Small Finance Bank has filed for its IPO back in May 2021. This IPO is going to be a combination of fresh share issuance of Rs. 330 crores and an offer for sale of shares amounting to Rs. 1,000 crores. Fincare Small Finance Bank had the highest growth rate in the country among all small financing entities between FY18 and FY20.
Seven Islands Shipping
Seven Islands Shipping Limited is the second-largest seaborne logistics company involved with the transportation of gas, crude oil and petrochemical products. The company intends to raise to Rs. 600 crores through this IPO. Seven Islands Shipping Limited’s public offering will be a combination of Rs. 400 crores worth fresh share issue and an OFS by existing shareholders.
API Holdings, the parent company of India’s leading digital healthcare platform PharmEasy, has filed for its IPO with market regulator SEBI in November 2021. PharmEasy IPO will have an issue size of Rs. 6,250 crores. This will be an entirely fresh share issue. No shareholder or investor will be selling off their stake in the company through this IPO.
Gurugram-based SAMHI Hotels manages 27 luxury hotels in 12 cities, including Marriott and Hyatt hotels. SAMHI Hotels IPO would have an issue size ranging between Rs. 1,800 to Rs. 2,000. This IPO is a combination of fresh share issuance worth Rs. 1,100 and offer for sale of 1,91,45,624 shares.
Bajaj Energy is one of the major private players involved with thermal power generation. It has a gross capacity of 24,330 MW. The company intends to raise Rs. 5,450 crores through this IPO. Bajaj Energy IPO will consist of a fresh issue share of Rs. 5,150 crores with an offer for sale of shares worth Rs. 300 shares.
Apeejay Surrendra Park Hotel
Apeejay Surrendra Park Hotel wishes to raise Rs. 1,000 through its IPO. The hotel chain has already filed its DRHP with the market regulator. This IPO will comprise a fresh share issue of Rs. 400 crores and an offer for sale for shares worth Rs. 600 crores.
Gemini Edibles and Fats
One of the leading manufacturers of sunflower oil, Gemini Edibles will be raising Rs. 2,500 crores via its public offering. It will be entirely an offer for sale, and the company will not get any proceed from its public offering. Golden Agri International Enterprises is one of the major investors that would be divesting shares worth Rs. 750 crores.
ESAF Small Finance Bank
Launched in 2016, ESAF Small Finance Bank is one of the newest members in small finance fields. However, it has registered impressive growth in the past 4 years, with over 400 branches all over India. ESAF Small Finance IPO of Rs. 998 crores will have Rs. 800 crores worth primary issue. The rest will be an OFS by major investors like PNB Metlife and Bajaj Allianz.
Medi Assist Insurance TPA Pvt. Ltd
Medi Assist Insurance TPA Pvt. Ltd. IPO will be entirely an offer for sale of around 2.8 million shares. It is the largest third-party insurance administrator on the basis of revenue, with a vast network of over 11,000 hospitals in 722 towns and cities of the country.
Inspira Enterprise India Ltd.
Cybersecurity firm Inspira Enterprise India Ltd. has filed its DRHP with SEBI for its Rs. 800 crores public offering. This IPO will be a combination of a fresh share issue of Rs. 300 crore and an OFS of shares worth Rs. 500 crores by its shareholders and investors.
Muthoot Microfin is a leading microfinancing player providing micro-loans to women across rural areas of the country. This Rs. 800 crores IPO will be a combination of the fresh share issue and offer for sale.
Fusion Microfinance is one of the top lenders in the microfinancing sector. It has submitted papers with SEBI for its IPO which will include a fresh share issue of Rs. 600 crores and an OFS of 2,19,64,841 shares by its promoters and shareholders.
Chemspec Chemicals is a popular manufacturer of critical additives that are used in the FMCG sector. It has filed for a Rs. 700 crores public offering, which would be entirely an offer for sale. Chemspec plans to use the proceeds for brand development and increased visibility.
Shri Bajrang Power and Ispat Ltd
Leading steelmaker Shri Bajrang Power and Ispat Ltd. has filed for its Rs. 700 crores IPO with SEBI. This 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 for paying off current debts and fund its working capital requirement.
Hinduja Leyland and Finance
Hinduja Leyland and Finance, the financial arm of automobile manufacturer Ashok Leyland, will be raising around Rs. 700 crores through its IPO. This IPO will consist of a fresh share issue worth Rs. 500 crores along with an offer for sale by Everstone Capital.
VLCC Health Care
VLCC Health Care is one of the most popular wellness and beauty brands in India. It has filed its DRHP with the market regulator in September 2021 for its IPO. This IPO will consist of a fresh share issue of Rs. 300 crores with an offer for sale by existing shareholders and promoters. The company aims to utilise the proceeds from its public offering to build new wellness centres across India and the Gulf region.
Studds Accessories is the largest manufacturer of helmets and two-wheeler accessories in India. The Haryana-based company will opt for a Rs. 450 crores IPO that would include fresh issue share of Rs. 98 crores and an OFS of around 39.39 lakhs shares by company shareholders and promoters.
ESDS Software Solutions Limited
Nashik-based firm ESDS Software Solutions Limited offers cloud services to private and governmental organisations. It has filed papers for its IPO to the market regulator. ESDS Software IPO will include a fresh share issue of Rs. 322 crores. There will also be an OFS of about 2.15 crores shares.
Annai Infra Developers
Annai Infra Developers deals with irrigation and water management projects. It has also taken the IPO route to raise around Rs. 200-250 crores. The face value of each share stands at Rs. 10.
Popular Vehicles and Services
One of the leading automobile dealers in India, Popular Vehicles and Services, will be floating its IPO in the upcoming year. Popular Vehicles and Services deals with vehicle dealerships of brands like Suzuki, Tata Motors, Honda and JLR. This IPO will consist of a fresh issue of shares amounting to Rs. 150 crores with an OFS of 42,66,666 equity shares. It will use the proceeds to pay off working capital loans and meet general corporate expenses.
Narmada Bio-chem is involved with the manufacturing of organic and chemical fertilisers. It has a wide network of 750 distributors in 10 states. The IPO will come with an issue size of 72,00,000 shares, out of which there would be a fresh issue of 54,00,000 shares and OFS of 18,00,000.
The NBFC arm of HDFC Bank will float its IPO in the upcoming year. The issue size is not yet decided. HDB Financial enjoys a solid valuation due to its backing from one of the largest private lenders of the country, HDFC Bank.
Century Metal Recycling
Century Metal Recycling has filed its DRHP for a public offering with the market regulator. It is the largest recycling firm in the aluminium recycling market of India. CMR is also the biggest manufacturer of aluminium and zinc die-cast alloys with an annual production capacity of 2,18,000 metric tonnes.
Aakash Educational Services
Aakash Educational Services offers test preparation services to students appearing for 12th standard exams and several competitive examinations held across the country.
This company also offers foundational courses for students of classes 8 and 10. As of 2018, Aakash had over 170 centres across 130 cities and towns of the country.
Founded in 2013, OYO Rooms is a leading digital platform offering hospitality services. The company has filed DRHP for Rs. 8,430 crores IPO, which would be a combination of Rs. 7,000 crores freshly issued shares and an offer for sale of Rs. 1,430 crores by its existing investors and shareholders.
Online automobile marketplace Droom is also planning to take the IPO route in 2023. It has filed papers with SEBI for Rs. 3,000 crores offering. This will include a fresh share issue of Rs. 2,000 crores with an OFS of around Rs. 1,000 crores.
The proceeds will be used for a variety of expenses, including organic and inorganic growth initiatives, general corporate expenses and more.
Founded in 2012, Ecom Express is another major logistics company planning to go public. The company offers end-to-end logistical services while facilitating first-mile pick-up, network optimisation, last-mile delivery and more. It has not yet filed any papers for its IPO.
Founded by Sachin Bansal and Ankit Agarwal, Navi deals with lending, microfinance, health insurance, and mutual funds. Navi has already initiated the process of its public offering. It will possibly file its DRHP in the first quarter of the next year.
Snapdeal is one of the top e-commerce platforms in India. This e-commerce giant will be issuing fresh shares worth Rs. 1,250 crores with its IPO along with an offer for sale of shares by some of Snapdeal’s current shareholders and investors.
Capillary Technologies is a Bengaluru-based firm offering commerce solutions and omnichannel engagements. The issue size and other details are not available as of now.
Ola is another major Indian tech start-up that will be launching its public offering in 2023. Although not finalised, various reports suggest that the Ola IPO would come with an issue size of Rs. 15,000 crores.
It has recently wrapped up its pre-IPO funding round.
Edtech giant BYJU’s, which was founded in 2012, has entered the unicorn club in 2018. BYJU’s is in the process of launching its public offering. Reports suggest that the public offering would help the company to fetch $40- $45 billion.
Online food delivery platform Swiggy is also on the list of upcoming IPOs in 2023. The food delivery giant is presently focused on developing its grocery delivery platform Instamart.
Recent IPOs in 2022