6 Major IPOs Lined-Up In 2023

The market experienced significant volatility in 2022, which had an impact on the performance of the listed companies as well as the IPOs. While investors in some of the listed companies suffered significant losses, others have made enormous profits from the upside-down. A total of 37 companies announced IPO plans in 2022 to raise more than Rs 58,500 crore. As of now, the majority of the IPOs among these got listed on the exchange. As per the information available on SEBI, the year 2023 will witness a significant increase in IPO activity. Here we have listed 6 major IPOs lined up in 2023:

1. Fabindia

FabIndia, a lifestyle retail brand backed by Azim Premji, intends to raise up to 4,000 crore through an initial public offering. The offer consists of a new issue of up to 500 crore worth of shares. Fabindia is a lifestyle platform with a 62-year history that focuses on authentic, sustainable, and traditional Indian lifestyle products.

2. OYO

Oravel Stays Ltd. is a leading Hospitality sector company popularly known as OYO. The company filed its draft red herring prospectus (DRHP) last year 2021 in October. Initially, the company planned to launch its initial public offering (IPO) in 2022; however, it got postponed due to market volatility, fearing that its valuation would be affected.
The IPO is likely to come in 2022, as the company is awaiting approval from the capital market regulator Security Exchange Board of India (SEBI). According to available data, the OYO IPO issue size is estimated to be Rs 8,430 crore.

3. Yatra Online

In order to start collecting money, Yatra Online, a well-known online business, has filed preliminary paperwork with SEBI. The offering consists of fresh equity shares worth Rs. 750 crores being issued. In order to indirectly reduce the size of the initial issue, the company may consider issuing additional equity shares, such as through a private placement of up to Rs. 145 crore. The IPO is likely to hit the market in 2023.

4. Aadhar Housing Finance

Aadhar Housing Finance Ltd has filed for a Rs 7,300 crore initial public offering (IPO) with SEBI on January 24, 2021. The IPO consists of a Rs 1,500 crore fresh issue and a Rs 5,800 crore offer for sale. The company provides a variety of mortgage-related loan products, such as home purchase, construction, and extension loans. In FY20, the company had the highest disbursal rate and the broadest base of clients who needed affordable housing. 

 

5. Mankind Pharma

To raise money through an IPO, Mankind Pharma has filed its draught red herring prospectus (DRHP) papers with the market regulator SEBI. The estimated issue amount of the company's IPO is Rs 5,500 crore. It is a pharmaceutical company with prominent brands like Manforce condoms, Prega-News, Gas-O-Fast, and AcneStar. In addition to several consumer healthcare products, it is involved in the development, production, and marketing of a wide variety of pharmaceutical formulations for use in both acute and chronic therapeutic areas.

6. Ixigo

Ixigo, an online travel agency, is owned by Le Travenues Technology filed its preliminary paperwork with SEBI on August 12, 202. Le Travenues Technology's IPO is expected to raise Rs 1,600 crore. The issue consists of a fresh issue worth Rs 750 crore rupees and an offer for sale worth up to 850 crore rupees.
Founded in 2007, Ixigo is a platform that customers can use to plan and track trips as well as book flights, trains, buses, taxis, hotels, and other accommodations. The business operates the biggest online train travel agency.