IPO

List Of Upcoming IPOs In 2023: Are They Worth Investing In?

IPO

Before we talk about the upcoming IPOs in India in 2023, can you imagine the first IPO in the world? The concept, the practice, and the planning behind the scenes? It is relatively easy to associate the idea of IPOs with global giants that often get the most hype in news bulletins. In the past, we have seen social networking giant Facebook (now Meta) unwinding publicly and raising a whopping $16 billion. Although it was considered among the biggest IPO flops, it was the third-biggest IPO in the history of the American ecosystem.

Today, in the 20th century, as stock exchanges are growing alongside the emergence of different trading and communication technologies, the volume of IPOs has increased, but the first modern IPO in the world was listed in the early 1600s with the Dutch East India Company offering shares to residents of the Netherlands.

Talking about the Indian IPO market, it has seen dramatic growth in the last couple of years, with investors getting smarter and tech-enabled. Today the Indian primary market has come so far with some of the latest IPOs like LIC, Paytm, Coal India, and Reliance Power with gigantic issue sizes of ₹21,000 crores, ₹18,300 crores, ₹15,200 crores, and ₹11,700 crores respectively.

While companies like Alibaba and Facebook made us believe in the influence of media coverage on IPO prices, Paytm, Zomato, and a few others made it crystal clear that media attention and high valuation around an IPO do not always translate into favourable outcomes. 

Quick Learnings

  • IPOs are worth investing in for the long term.
  • Early Investment (pre-IPO Investment) is the key to getting maximum ROI.
  • Professional support from certified share brokers can help.

If you are willing to start your first Investment in pre-IPO shares, read our pre-IPO investment guide. For beginners, investing in unlisted shares can also be a win-win strategy. While we walk you through the list of upcoming IPOs in 2023 in India, you can cut to the chase to learn about buying and selling unlisted shares in India.

Comprehensive List of Upcoming IPOs in 2023 In India (With Tentative Issue Date)

During our research, we explored various websites, including SEBI’s official website, to compile a list of upcoming IPOs in 2023. In the table below, we have mentioned the companies that have filed draft offer documents with SEBI and will soon proceed to draft red herring documents.

Company NameIssue Size
Tata Technologies LimitedINR 4000 Crores
Oravel Stays LimitedINR 8,430 Crores
Fincare Small Finance Bank LimitedINR 1330 Crores
Utkarsh Small Finance BankINR 750 Crores
Mankind PharmaNot Available
National Stock Exchange (NSE)INR 10,000 Crores
Gandhar Oil Refinery (India) LimitedNot Available
HDFC SecuritiesINR 900 Crores
B9 Beverages Pvt Ltd (Bira91)INR 428.2 Crores
Hexaware Technologies LtdNot Available
Indofil Industries LtdNot Available
One Mobikwik Systems Ltd(Mobikwik)INR 1,900 Crores
IxigoINR 1,600 Crores
Hero FincorpINR 2,000 Crores

* The issue size and year of these unlisted shares are based on market predictions and may vary.

This is the list of top upcoming IPOs in 2023 in India. Here is the complete list of companies that have already filed offer documents, red herring documents and are ready to submit offer documents. Check out the complete list of SEBI-listed upcoming IPOs in 2023 in India.

Financial Summary Of Upcoming IPOs in 2023 in India

Are you ready to kickstart your investment journey? Here you will find all the essential details to make a triumphant return on investment. However, if you want to maximise your ROI, we would recommend investing in Unlisted Shares in India with a high growth potential.

Tata Technologies Limited

If you are searching for upcoming IPOs in 2023 of Technology companies, Tata Technologies might be the best bet. It is a global engineering and product development company with a whopping valuation of INR 4.7 Billion. Check out the balance sheet and complete the financial summary of Tata Technologies.

Oravel Stays Limited

One of the most trending upcoming IPOs in 2023, Oravel Stays Limited (OYO Rooms) is India’s leading brand in the hospitality industry. The company is expanding internationally, generating sustainable revenue and set to go public with an INR 8,340 Crores IPO, making it the right fit for pre-IPO investment. Check Oravel Stays Limited financial summary or if you wish to buy OYO Rooms unlisted shares, connect with our certified unlisted share brokers.

Fincare Small Finance Bank Limited

An emerging leader in providing lending services, Fincare Small Finance Bank offers mortgage, insurance, credit, loan sanction and disbursement services. With a sustainably growing revenue and customer-centric approach, Fincare Small Finance Bank Limited’s revenue is expected to skyrocket post public listing. So if you are searching for upcoming IPOs in 2023, this is undoubtedly the best bet for you. Here is a detailed profit and loss summary of Fincare Small Finance Bank Limited.

HDFC Securities

One of the fastest growing intermediaries, HDFC Securities is a subsidiary of HDFC Bank that deals in stock trading, mutual funds, NCDs, insurance bonds and more. Listed as one of the most trending upcoming IPOs in 2023, HDFC Securities had a record revenue of over INR 14 billion in 2021. If you are planning to invest in fintech companies, check out the financials of HDFC Securities.

B9 Beverages Pvt Ltd (Bira91)

A popular Indian craft beer brand, B9 Beverages started its journey in 2015 and became India’s favourite beer. With a wonderful vision and a great product portfolio, this company is expected to see a rise in its revenue post-public listing. So, if you want to make a huge profit, it is recommended to check the financials of B9 Beverages and invest in pre-IPO shares.

Merely knowing the upcoming IPOs in 2023 won’t help. You should also know if they are worth investing in. Putting it simply, there are numerous reasons to invest in IPOs. Here are a few KPIs that firmly advocate pre-IPO investment.

  • Early access to grow with the company’s growth
  • Assured Long Term Profits
  • Transparent Pricing
  • Buy Cheap, Earn Big
  • More Wealth Creation

Knock off the golden opportunity to enlarge your portfolio and generate exponential returns by investing in pre IPO shares. Read through the Pre-IPO Investment Guide or connect with the best pre-IPO share brokers in India.

Table of Contents

Tata Technologies, HDFC Securities, and Oravel Stays Limited are some of the trending upcoming IPOs in India. Get a detailed financial analysis at Stockify.

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Piyush Jhunjhunwala
Piyush Jhunjhunwala
CA, CPA, Ex. PepsiCo, Reckitt, Coty
CEO & Founder
Dubai, UAE.
Rahul Khatuwala
Rahul Khatuwala
Ex. Wipro & Finaco Founder
Co-Founder
Bangalore, India.