As September comes to a close, October promises more opportunities for potential investors. After witnessing the launch of more than 10 mainboard IPOs in September, many are looking forward to the IPOs lined up for the upcoming month. These IPOs offer a chance to invest in exciting private companies that are about to go public. Being informed about these opportunities in advance can help you to make wise investment decisions and manage your finances effectively. In this article, check the upcoming IPOs in October 2023.
Upcoming IPOs in India in October 2023
Here is the new upcoming IPO list in 2023 (tentative). Some of these companies announced their bidding dates, while a few are yet to announce.
|Company Name||IPO Size in ₹ crore (Tentative)||Release Date|
|Balaji Specialty Chemicals||425||Not announced|
|Tata Technologies||Not announced||Not announced|
|EbixCash Limited||6,000||Not announced|
|SPC Lifesciences||300||Not announced|
|ESDS Software||322||Not announced|
Balaji Specialty Chemicals
Incorporated in 2010, Balaji Speciality Chemicals Limited is a subsidiary company of Balaji Amines Limited (BAL). It was incorporated in 2010. The company manufactures ethylamine, methylamines, pharma excipients and derivatives of speciality chemicals. These chemicals are used in various industries, including pharma and agrochemicals. The company’s manufacturing facility is located in Solapur, Maharashtra.
The IPO size of Balaji Speciality Chemicals Limited is expected to be ~₹425 crore, while the price band and dates have not been announced yet.
Tata Technologies Limited comes under the automotive design unit of Tata Motors. It offers engineering, research, and development services in the automotive, aerospace, and software spaces in 27 countries.
Tata Technologies plans to release its IPO in 2023. The IPO date, price band and other details have not been announced yet.
Noida-based Ebixcash operates as a technology-driven provider of digital products and services across the B2C, B2B, and fintech sectors. It holds prominent positions in the core segments of its operation due to its integrated business approach. The company has 4 primary business segments, including payment solutions, travel, financial technology and Business Processing Outsourcing (BPO) services.
The IPO size of EbixCash Limited is expected to be around ₹6,000 crore, while the price band and dates have not been announced yet.
SPC Lifesciences was established in 2005 in Gujarat. The company is in the integrated chemical sector that offers basic and advanced intermediates, custom APIs and key starting materials. The IPO size of SPC Lifesciences is expected to be around ₹300 crore, while the price band and dates have not been announced yet.
Founded in 2005 in Nashik, India, ESDS has expanded its presence globally, serving various industries such as government, BFSI, manufacturing, telecom, IT, and more across regions like Asia-Pacific, Europe, America, the Middle East and Africa. The company offers a wide range of cloud adoption solutions, including IaaS, SaaS, and Managed Services. The IPO size of ESDS Software is expected to be around ₹322 crore, while the price band and dates have not been announced yet.
These are the IPOs that are expected to be launched in October 2023. For more details on the upcoming IPOs in 2023, go to the IPOs section on the Angel One App.
IPOs hold value for both investors and company owners. For investors, they present an opportunity to buy shares of a potentially promising company at an early stage, potentially reaping significant gains as the company grows. On the other hand, for company owners, IPOs offer access to substantial capital infusion, enabling expansion, debt reduction, and more. They also increase the company’s visibility and credibility, making it an attractive avenue for future funding and partnerships.
However, IPO investors must ensure to go through the details and financials of the company well and look for the market prospects before making a decision. To invest in an IPO, you need a Demat account. Open a Demat account now on Angel One for free!