IPOs are a great investment avenue as there is a high chance that a company getting a new rush of capital will grow and thus see appreciation in its share value. They can hence be a great way to make short term and long term profits.
That being said, one must be aware of the risks related to an IPO. For example, companies with unclear trajectory of share prices and valuations during various fundraising rounds may be hard to assess. Besides, the trader/investor has to rely solely on the fundamentals of the company as found in the DRHP and other online sources.
It is a good idea to check out the basic details of upcoming IPOs before investing in them in order to understand –
With this knowledge, let us find out which are the latest IPOs about to be issued in March 2023.
|Issue price (in ₹)
|ResGen Ltd IPO
|₹45 – ₹47
|ITCONS E-Solutions Ltd IPO
|Divgi TorqTransfer Systems IPO
|₹560 – ₹590
|Vertexplus Technologies IPO
|₹91 – ₹96
|Systango Technologies IPO
|₹85 – ₹90
|MCON Rasayan India IPO
ResGen Limited was incorporated only recently in 2018 and the company is engaged in the process of manufacturing Pyrolysis Oil (a substitute for furnace oil) from all kinds of waste plastics. ResGen calls this innovation as PlasEco. The company repurposes the by-products generated during the manufacturing of PlasEco, such as Carbon (which substitutes for coal) and Gas (substitute for LPG). However, the segment is extremely competitive and the demand is still yet to grow to its fullest size. The margins will probably be hard to maintain in the long run due to competition and high marketing costs.
ITCONS E-Solutions Ltd is a New Delhi-based talent acquisition company offering services mainly in the organized sector. Since its incorporation, the company’s own manpower has grown to over 800 members including contractual employees. Sectors like Staffing & Recruitment, Information Technology, FMCG, Food, etc are a part of its repertoire.
Fortunately for the company, its revenues have grown tremendously over the past few years, which probably has made the company confident of going public.
The company has the rare capability to develop and provide torque couplers (only manufacturer in India), and dual-clutch automatic transmission solutions.
It is one of the leading players supplying transfer case systems to automotive OEMs in India and also boasts of being the largest supplier of transfer case systems to passenger vehicle manufacturers in India as well as of being the only exporters of transfer cases to global OEMs from India, .
They have been developing –
The level of monopoly power that it has over its market makes Divgi TorqTransfer Systems a sought-after IPO.
It is an IT company that is engaged in consulting, outsourcing, infrastructure, and digital solutions and services. It is in an industry and financial zone that is only going to boom in the coming months given the level of digitisation, rise of no-code tools, AI, B2B Saas as well as layoffs of internal employees in the tech industry (which may mean more outsourcing of simpler IT services in the coming period).
This is an extremely interesting company as it is engaged in enabling companies to design, implement and manage their own customized digital platforms, including Web2, Web3, and mobile applications with a strong emphasis on data and analytics.
The solutions provided by the company includes – Website development, Mobile app development, Web3 development, DeFi (Decentralized finance), Data Engineering, Blockchain, Cloud computing and Digital Marketing.
These services have use cases across various sectors like Hospitality, Property Tech, Financial Services (FinTech) and many others.
The company is in the business of manufacturing, marketing, and selling of building materials and construction chemicals. The company has an assortment of more than 80 products.
Powder products of the company are plaster, Tile and Block adhesives, Wall putty, Micro concrete & polymer mortar and Floor hardeners.
Liquid Form products includePoly-urethane (PU) based liquid membrane, Bonding materials, Paints and Anti-corrosive coatings.
MCON Rasayan India Limited markets its products under the brand label “MCON”. The company has two manufacturing plants – one in Valsad and another in Navsari, Gujarat.
Interested in investing in any of the above IPOs but do not have a demat account? Open demat account today with Angel One, India’s trusted online broker!
Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and not recommendatory.
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