The year 2021-22 has seen several IPOs, including some of the largest equity like LIC, as well as Delhivery and Adani Wilmar. Some have been doing well, while others have let investors down, particularly the huge LIC IPO, which not only listed at a discount of more than 8% but has also recently seen numerous lows. Even other highly anticipated ones, like Zomato and Paytm, have performed poorly after going public or getting listed under SEBI. This volatility in listed and united share prices has raised concern among investors.
Despite the uncertainties and market fluctuation, the pre-IPO market has grown gigantically. From LIC to Paytm, we have seen many big IPOs in 2022. If you want to diversify your portfolio, we have curated a list of well-researched pre-IPO shares you can purchase.
IPOs That Have High Unlisted Share Price And Are Estimated To Grow As A Public Offering: -
| Name of the company | Tentative issue size of INR (Crores) | Tentative year of going public |
| Go Airlines | 3,600 | 2022 |
| Sterlite Power | 1,250 | 2022 |
| MobiKwik | 1,900 | 2022 |
| Chemspec Chemicals | 700 | 2022 |
* The issue size and year of these unlisted shares are based on market predictions and may vary.
Go Airlines
The company intends to collect around Rs. 3,600 crores through its public offering, according to the DRHP it filed with SEBI. This will only include newly issued equity shares; there is currently no information on an OFS (offer for sale). Additionally, the business intends to conduct a pre-IPO placement, that, if successful, will reduce the total issue size. Go Airlines stated in its DRHP that it would gradually announce the market lot and price bracket of this IPO.
Sterlite Power
Unlisted shares of Sterlite Power Transmission are now selling at Rs 1,300. By November of 2022, the business might list on the stock market at a valuation of around Rs 10,000 crore, with a four-digit per share price range. Unlisted market experts are optimistic about the stock due to the IPO excitement, high demand for power, low valuations, and issuance of bonus shares.
MobiKwik
The world's largest "Buy Now, Pay Later" fintech firm, MobiKwik, was established in 2009. The company has categorised its operations into three parts. The latest IPO of MobiKwik is anticipated to have a total issue size of roughly Rs 1900 crores, which includes a fresh offering of Rs 1500 crores and an OFS for Rs 400 crores. Looking at the company's performance in FY22, MobiKwik recorded a revenue of INR 543 crore, 80% up from last fiscal year.
Chemspec Chemicals
The Indian FMCG industry saw quarterly growth of 9.4% from January to March. Similarly, the pharmaceutical industry is anticipated to reach ₹6500 crores by 2024. Amidst all these, Chemspec Chemicals, one of the leading manufacturers of critical additives of FMCG ingredients, is looking to launch its IPO, aiming to collect ₹700 crores. The company significantly contributes to the beauty industry, which is growing at a rapid pace. Looking at the current FMCG market trends, we expect Chemspec Chemicals' unlisted shares to give huge returns post-IPO-listing.
If you are an investor looking for growth in unlisted shares that could soon be converted as initial public offerings, start by investing in the companies listed above. You can apply for pre-IPO shares through unlisted share brokers and directly open a DEMAT account for free. Our experts at Stockify provide accurate information about the stocks and ease the method of buying unlisted shares without additional hassle. Connect with our experts right away!
Upcoming IPOs In 2023
Investors are awaiting an exciting IPO launched for FY 2023 and upcoming years, as it is a lucrative opportunity to grow the revenue if the IPO is oversubscribed. Let’s look at the popular unlisted company IPO investors seek. Here are a few of them:
Utkarsh Small Finance Bank
One of the renowned names in microfinance is Utkarsh Small Finance Bank, which has expanded its branch operation in the regional states of Bihar and Jharkhand. With sharp growth, the bank is aiming to raise further capital through an IPO launch expected in 2023. It will include fresh issue shares worth Rs. 750 crore and Rs. 600 crore in offer for sale.
Ixigo
A leading brand deals with online travel solutions catering to the booking of buses, roadways, airways, and hotel bookings. Ixigo is actively transforming the Indian market by implementing new edge technologies and empowering online travel agents OTA. For the coming years, the company is aiming to roll out an IPO with an estimated issue size of Rs. 1600 crore.
Swiggy
Bundl Technologies Limited-owned Swiggy is planning to launch an IPO estimated at $800 million by the end of 2023 or the beginning of 2024. It is India's second-leading online food delivery platform and booked a double valuation of $10.7 billion in the 2022 funding round.
Investors are looking forward to scaling up their portfolio revenue with these awaiting IPOs.
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