Twenty-three looks completely exciting for the investors after the mega launch of IPOs of LIC Nykaa Paytm Zomato, amongst others. The dates of the majority of the IPOs have not even been finalized as the new year 2023 has just started, but the exciting pipeline of IPO expected in 2023 seems to be completely promising.
If you are curious about the big upcoming IPOs, you are on the right page, as you can get all the details about them here.
1) Tata technologies and Tata play
Tata group fans can have a happy year in 2023; Tata group is all set to roll out two IPOs this year. The last IPO that Tata group rolled out was in 2004, which was TCS. Tata play was earlier known as Tata sky, and Tata technologies are geared up to go public with their IPOs this year. Last month Tata play became the first company to use the confidential pre-filing of documents option for the initial public offering before the market regulator and the Securities and Exchange Board of India.
Regarding Tata technologies, the IPO is expected to roll out in April to June of 2023, the year’s first financial quarter. At the same time, the IPO of Tata play is expected to be out before Tata technologies this year.
2) Oyo rooms
Oyo was expected to go for the public listing this year after almost a decade of being established in 2013. However, the company has been facing another challenge in going public. The IPO is likely expected to be around eight thousand crores, and it will roll out early in 2023.
It is also expected to get some delays as the Securities and Exchange Board of India has written back to the company, asking it to update all the additional sections in the draft red herring prospectus. So, OYO IPO would be delayed by another quarter and might be rolled out in the second half of the year.
Ola IPO was expected to come out in the first half of 2022, but it did not work out, and the ride-hailing aggregator is all set to roll out the IPO this year. Last year CEO Bhavesh Aggarwal made a statement that they were pretty close to filing, but as a board, they decided to do it later.
The ride-hailing business is entirely profitable, and the investors also support the listing strategy. So the company is quick to list its IPO. As per recent reports, Ola has confirmed that it will roll out the IPOs in 2023.
In January 2022, swiggy crossed the $10 billion mark and is now turning to launching an IPO. An Indian food delivery company is now set to raise $800 million to a $1 billion IPO, which will be rolling out in 2023 first half of.
In the previous year, there were some notifications that swiggy has been adding independent directors to the board, and it looks forward to positioning itself as a logistics company besides being a food delivery company. Swiggy formula launched the IPO the previous year by hiring investment banks JP Morgan besides ICICI securities as some of the lead managers.
One of the most awaited IPOs of 2023 is Byju’s IPO. Since last year the IPO has been in the pipeline. Byjus raised $800 million as per the fresh funding in May 2022. It was a part of the pre-IPO round in which the company’s CEO Ravindran had invested around $400 million in a personal capacity. Sources also suggest that the fundraising is expected to be its last private round as the company remains bullish about the public market listing.
The company will look forward to filing the papers for the IPO within the next few months, and the company is also expecting to be valued at around $40 billion when it starts listing. It was reported that the company was finalizing the plans for a $1 billion IPO of its tutoring business Akash educational services, back in November 2022. The company is set to submit the draft red herring prospectus in January or February for the upcoming IPO. The IPO would be launched anywhere between September and October 2023.
Aman Gupta Shark Tank India’s judge owns an audio-focused electronics brand boat, and in the past year, the company was all set to float the IPO with a font size of rupees two thousand crores. It looks forward to having a 1.5 to $2 billion valuation through eight of the previous year.
But the company had postponed the IPO plans in October, and it said they would raise five hundred crores rupees from Warburg Pincus and new investor Malabar investments. After that, the convertible preferred stocks would be priced to the IPO or the subsequent funding round, even though the former chances are more.
Mobikwik is a fintech firm with confirmed plans to raise around 1500 crore in the previous year from IPO. When asked about the timelines to launch the IPO, the company suggested that it should go for listing once the market conditions are stable.
The company has already drafted the document for IPO and had mentioned that the pandemic hit it. Still, the business had crossed the pre-COVID levels, and today, it has an impressive performance. So now, the people are just waiting for the IPO to be launched in 2023.
One of the biggest IPO launches of 2023 would be Flipkart. In the eCommerce giant, April 2022 had internally raised the IPO valuation objective from an earlier target of $50 billion to the new and high-level goals of $60 to $70 billion.
Amazon’s rival Flipkart also looks forward to a US listing in 2023. Brett Biggs, CEO of Walmart, stated that the Flipkart business was performing almost exactly as we thought, and an IPO is still very much on the cards. However, the CEO has not specified when the company will be listed.
9) Mama Earth
Indian skincare startup and Unicorn Mama earth parent Honasa consumer limited has files to draft the prospectus for IPO with the Securities Exchange Board of India. The IPO will feature a fresh issue of shares worth ₹4 billion or even four hundred crores.
They will offer for sale around 46.8 million shares. Investors include Sophia and Bollywood actor Shilpa Shetty, as they are expected to sell their stake via the offer for sale. Mama earth said it would use 1.86 billion from the IPO for advertising expenses. The startup consolidated restated profit of around 157.2 million in March and 2022.
These are the top IPOs that you should consider looking at in 2023. Make sure to keep a close look at the upcoming IPOs and don’t forget to apply for it.