When a company first goes public, investors become excited. This is because they have faith in the long-term profitability of initial public offerings (IPOs).
With investor confidence at an all-time high, 2021 was a banner year for initial public offerings (IPOs) in India. Last year, initial public offerings alone generated Rs 1.3 trillion (tn) in total capital.
Unfortunately, many weren’t able to keep up that pace this year. Less than half as much money has been generated via IPOs so far as the market saw all of last year, at a total of Rs 618.5 billion (bn).
Negative investor mood in the midst of high market volatility caused by geopolitical tensions and weak macroeconomic data was the primary cause of the decline in initial public offerings.
But now that markets seem to be stabilizing, the upcoming ipo frenzy is about to resume in earnest. Listed below are five IPOs that might make an appearance in 2023.
Puranik Builders was founded in 1990 and has since been engaged in the commercial and residential real estate development. The majority of the firm’s 35 total projects have been implemented in the Mumbai Metropolitan Region and the Pune Metropolitan Region. Puranik Builders plans to go public soon in order to earn Rs. 510 crores for its further 17 projects.
Founded by Azim Premji, CEO of Wipro, FabIndia sells apparel via its website and physical stores. The firm has filed its DRHP, but it still wants to raise around Rs. 500 crores by issuing new shares in the beginning of 2023.
Healthcare technology business Indegene is only one of several in India that provide pharmaceutical companies management, R&D, and other services. Company officials have stated their intention to generate Rs. 950 crores via the sale of shares to the general public.
TVS Supply Chain Solutions is a company that helps other businesses with their logistics throughout the supply chain. The firm is very competent in many different areas, including but not limited to: demand forecasting, inventory planning, manufacturing, optimization, and procurement management.
It’s no secret that there are many companies offering various forms of electronic payment solutions, and Zaggle Prepaid Ocean Services is just one of them. The company’s primary focus is on delivering three unique services to large corporations, small and medium-sized enterprises, and other organizations.
Conclusion:
The Indian stock market had wild swings during the fiscal year 2022-23. The main market, however, is buoyant due to a slew of initial public offerings (IPOs), and investor interest is high as usual. There have been 15 mainboard IPOs since April 2022, with 6 of them having breakout debuts and providing returns of 25% or more to early investors. In May of 2022, the Life Insurance Corporation of India Ltd. held India’s largest initial public offering (IPO). Investors were hopeful about the Indian primary market because of the strong reaction they saw, even if the IPO itself didn’t end up being a mega-listing.