Upcoming IPOs in India 2023

Go Airlines
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.

MobiKwik
Leading digital payment platform, MobiKwik, has filed for its IPO in July 2021. MobiKwik IPO would be a combination of a 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.

ixigo
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.

Penna Cement
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
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.

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.

PharmEasy
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.

Bajaj Energy
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.

OYO Rooms
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.

Droom
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.

Navi Technologies
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
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.

Ola
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.

BYJU’s
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.