- Date : 01/08/2023
- Read: 3 mins
SBFC Finance, NSDL, Tata Technologies, and more than 10 other major companies are about to launch their IPOs in the remaining part of 2023.
Are you eager to invest in and capitalise on upcoming Initial Public Offerings (IPOs)? We've got you covered! Here's a comprehensive guide to the most anticipated IPOs set to hit the Indian stock market in 2023.
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SBFC Finance and Concord Biotech to launch their IPOs this month
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NSDL and API Holdings are among the major companies entering the IPO market with significant issue sizes.
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Ola, Snapdeal, FabIndia, boAT, and more companies also gearing up for IPOs.
SBFC Finance
SBFC Finance, a Non-Banking Finance Company, will launch its IPO from August 3rd to August 7th, 2023. The IPO size is Rs. 1025 crores, with a fresh issue of Rs. 600 crores and an Offer-for-Sale of Rs. 425 crores. The company's services include Secured MSME Loans and Loans against Gold, with a customer base of nearly 95,000. Its profit after tax surged by 132% from FY22 to FY23, making it an attractive choice for investors.
Concord Biotech
Concord Biotech Limited, a research-driven biopharma company, will launch its IPO from August 4th to August 8th, 2023. The IPO size is Rs. 1551 crores and consists of an Offer-for-Sale, with no fresh issues. Concord Biotech specialises in manufacturing Active Pharmaceutical Ingredients (API) and witnessed a 37.8% increase in profit after tax in FY23.
Also Read - Unleashing Rakesh Jhunjhunwala's Dream: Concord Biotech's IPO Debuts August 4. Know the details
NSDL
NSDL, India's leading depository, plans to sell 57,260,001 equity shares to the public, with an expected issue size of around Rs. 3000 crores. As a market leader in financial and securities products and services, NSDL offers stability and exposure to the Indian financial markets.
API Holdings
The company filed a DRHP for a Rs. 6250 crore IPO, aiming to raise funds through fresh equity issuance.
Tata Technologies
Tata Technologies will go public with an Offer-for-Sale of 9.57 crore shares, offering investors a chance to own a part of this renowned global engineering services enterprise.
Snapdeal
This well-known e-commerce marketplace filed for an IPO valued at approximately Rs. 1,250 crores, with a diverse product offering and a presence in multiple countries.
FabIndia, Macleods Pharmaceuticals, and boAt
FabIndia seeks to raise Rs. 4,000 crores via its IPO, offering a mix of fresh equity issuance and an Offer-for-Sale. Mumbai-based Macleods Pharmaceuticals plans to secure Rs. 5,000 crores through an IPO, offering a sale of 60.5 million equity shares by the promoters. Imagine Marketing Limited, the parent company of boAt, submitted a DRHP for a Rs. 2,000 crore IPO.
Other upcoming IPOs
Apart from these, Ola, Droom, Studd Accessories, Bajaj Energy, Ixigo, MobiKwik, Mamaearth, Northern Arc Capital, and Go Airlines are also preparing for their respective IPOs in 2023.
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Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.
