IPOs are back with a bang! Here is the list of upcoming IPOs in 2023 that you must know about. Let’s explore the upcoming IPO list by clicking here.
In 2021, Rs 1.2 lakh crore was raised through IPOs. But, it seems that the markets fell out of love with IPOs in 2022 as it could only raise Rs 57,000 crore. By the end of the year, some IPOs managed to gain the buzz, like Sula Vineyards and Landmark Cars Limited, but they didn’t perform that well.
With the glorious start of 2023, a few big names have bought the tickets to hop into the list of upcoming IPOs this year.
Upcoming IPOs List in 2023
OYO
While planning a vacation, we often book OYO rooms for short stays. This year, you may also be able to book shares of the company as it plans to come up with an IPO.
As we all know, OYO’s business is focused on short-stay accommodation. But you will be surprised to see that they have over 1,57,000 hotel storefronts in India and overseas. Moreover, it offers services to its partners and customers across 35 countries.
According to the DRHP of OYO, the company will raise Rs 84,300 million through the IPO, out of which Rs 70,000 million will be raised through a fresh issue and 14,300 million through an offer for sale.
Swiggy
Swiggy has a famous tagline – delivering happiness to your doorstep. This year will deliver more happiness to our doorsteps as it is also in line to hop into the list of upcoming IPOs in 2023.
Since Swiggy came into existence, it has been expanding its business by adding services like delivering groceries through Instamart, Genie, the loyalty program and dine-out. Moreover, the company has established a strong presence in the food delivery space, with over 150 thousand restaurants and 260 thousand delivery executives delivering happiness to its users.
If we look at the financials, the losses are narrowing down. Moreover, the company’s revenues grew at a CAGR of 25.4% as it experienced a surge in orders.
According to the DRHP, the company will offer up to 1,75,69,941 equity shares to the public.
Yatra
Yatra will be going on an upcoming IPO yatra in 2023. It is a leading online travel service provider in India. In 2016, the company was listed on Nasdaq and will now be listed in the Indian markets.
The company plans to invest the raised capital for acquisitions and inorganic growth. Apart from this, they plan to use the money for customer acquisition, retention and general corporate purposes.
According to the DRHP, the company will raise Rs 750 crores by issuing an IPO.
Fabindia
Forget about buying a kurta when you can buy the stocks of the leading ethnic wear company, Fabindia! The company is backed by Mr Azim Premji. The speciality of the products is that it is produced by over 40,000 village artisans and craftsmen across India.
Moreover, two company promoters intend to transfer around 7 lakh shares to the artisans and farmers engaged or its subsidiaries to reward and express gratitude towards them.
The company is looking to raise Rs 5,000 million from the IPO.
Go First
Go First, previously known as Go Air, is going on air. The company belongs to the parent company, which owns famous brands like Bombay Dyeing and Britannia company. Yes, we are talking about the Wadia Group. Go First offers ultra-low-cost carriers and is one of the fastest-growing airlines in India. But recently, because of the rise in fuel costs, the company experienced widening losses. In the last three years, Go First’s revenue has grown at a CAGR of 16.4%. The company is planning to raise Rs 36 billion through the IPO.
The company is planning to use the raised capital for the following.
- To make scheduled payments or prepayments of selected borrowings done by the company.
- Meeting the current outstanding with the Indian Oil Corporation (IOC) for fuel supply and general corporate purposes.
MamaEarth
MamaEarth’s parent company – Honasa Consumer, has filed its DRHP with SEBI. Apart from MamaEarth, they have acquired and nurtured several brands like The Derma Co., Aqualogica, Ayuga, BBlunt and Dr Sheth’s.
The company has filed papers to raise Rs 400 crores through the IPO and Offer for Sale of up to 46,819,635 equity shares.
Byju’s
Next on our list of upcoming IPOs in 2023 is Byju’s tutoring business Aakash Educational Services. It is one of the companies which Byju’s has acquired over the years, apart from Epic and Osmo.
The company wants to raise capital to meet growth and expansion purposes, cater to working capital requirements and general corporate purposes.
If we look at the financials of Byju’s, the company’s net loss also widened in the last three years. According to the DRHP, the company has an offer for sale for 18,500,000 equity shares.
MobiKwik
Almost every Indian must have heard of MobiKwik! It is one of the most awaited upcoming IPO in India. It provides Buy Now Pay Later (BNPL) and mobile wallet services to its users. Over the years, the company has successfully added a vertical like Zaakpay, a subsidiary payment gateway and MobiKwik Zip.
With the raised funding, the company wishes to repay outstanding borrowings, meet new growth initiatives and address corporate actions. As per the DRHP, the company is planning to raise a total of Rs 1,900 crore, out of which Rs 1,500 crore is through a fresh issue and Rs 400 crore is through an offer for sale.
If we look at the financials of MobiKwik, as of the financial year ending on 31st March 2021, the company’s earnings have fallen by 18%, and the losses surged to 12%.
What’s Next?
This was just a trailer, but there is a long list of upcoming IPOs in 2023, including famous names like Aadhar Housing Finance, Snapdeal, BoAt, HDB financials, NAVI, etc. It seems 2023 will be a blockbuster year for the primary markets, and the markets will fall in love with IPOs again.
