Upcoming IPOs in 2023
In this article, we present an insightful overview of upcoming Initial Public Offerings (IPOs), along with their respective start and close dates, price bands, and key IPO terms. An IPO, or Initial Public Offering, is a crucial milestone for a company as it marks its entry into the public stock market. It allows the company to raise capital by offering shares to the general public. As investors, understanding the benefits and risks of investing in an IPO is essential for making informed decisions. Join us as we explore the potential rewards and challenges that come with investing in these exciting new opportunities.
List of Upcoming IPOs in 2023
Here is the list of mainline IPOs that are upcoming / came for subscription in the recent past.
|IPO Issuing company||Open Date||Close Date||Issue Price Band Rs||Lot Size||Listing Date||Our View|
|RR Kabel IPO||13-Sep-23||15-Sep-23||983 to 1035||14||26-Sep-23||Apply|
|EMS Limited IPO||8-Sep-23||12-Sep-23||200 to 211||70||21-Sep-23||Apply|
|Jupiter Life Line Hospitals IPO||6-Sep-23||8-Sep-23||695 to 735||20||18-Sep-23||Wait|
|Ratnaveer Precision Engineering IPO||6-Sep-23||14-Sep-23||93 to 98||150||14-Sep-23||Apply|
|Rishabh Instruments IPO||30-Aug-23||1-Sep-23||418 to 441||34||11-Sep-23||Apply|
|Vishnu Prakash R Punglia||24-Aug-23||28-Aug-23||94 to 99||150||5-Sep-23||Not Reviewed|
|Aeroflex Industries IPO||22-Aug-23||24-Aug-23||102 to 108||130||1-Sep-23||Apply|
|Balaji Speciality Chemicals IPO|
|Pyramid Technoplast IPO||18-Aug-23||22-Aug-23||151 to 166||90||30-Aug-23||Apply|
|TVS Supply Chain IPO||10-Aug-23||14-Aug-23||187 to 197||76||23-Aug-23||Avoid|
|Concord Biotech IPO||4-Aug-23||8-Aug-23||705 to 741||20||18-Aug-23||Apply|
|SBFC Finance IPO||3-Aug-23||7-Aug-23||54 to 57||260||16-Aug-23||Apply|
|Yatharth Hospital IPO||26-Jul-23||28-Jul-23||285 to 300||50||7-Aug-23||Apply|
|Netweb Tech IPO||17-Jul-23||19-Jul-23||470 to 500||30||29-Jul-23||Apply|
|Utkarsh Small Finance Bank IPO||12-Jul-23||14-Jul-23||23 to 25||600||24-Jul-23||Apply|
|Senco Gold IPO||04-Jul-23||06-Jul-23||301 to 317||47||16-Jul-23||Apply|
|ideaForge Technology IPO||26-Jun-23||29-Jun-23||638 to 672||22||07-Jul-23||High Valuation|
|HMA Agro Industries IPO||20-Jun-23||23-Jun-23||555 to 585||25||04-Jul-23||Neutral|
|Mankind Pharma IPO||25-Apr-23||27-Apr-23||1,026 to 1,080||13||08-May-23||Apply|
|Avalon Technologies IPO||03-Apr-23||06-Apr-23||415 to 436||34||18-Apr-23||Apply|
|Udayshivakumar Infra IPO||20-Mar-23||23-Mar-23||33 to 35||428||03-Apr-23||Neutral|
|Global Surfaces IPO||13-Mar-23||15-Mar-23||133 to 140||100||23-Mar-23||Apply|
Key Terms in IPO Process where investors need to understand
1) IPO issuing company: This is the company who is issuing the mainline IPO shares for subscription.
2) IPO Open Date: This is the date of opening of IPO bidding process. From this date, investors can apply in an IPO
3) IPO Close Date: This is the date of closing of IPO bidding process. Investors can apply during the start date and close date of the IPO. After this they cannot apply for the IPO. However investors can purchase the shares post listing on stock exchanges.
4) IPO Issue Price Band: The issuing company quotes the issue price band (lower price band and upper price band) in which investors can quote the price while applying for IPO.
5) Lot Size: It is the the minimum count of shares an investor can apply for in an IPO. A lot size of 100 means that the investor need to apply for minimum of 100 shares.
6) Listing Date: Once IPO process closes and issuing company finalises and credits the shares to investors demat account, these shares needs to be listed on stock exchanges (NSE or BSE or both) which his termed as Listing Date.
What are the benefits of investing in IPO (Investor’s perspective)?
- Opportunity to invest in promising companies at an early stage.
- Potential for substantial capital appreciation if the company succeeds.
- Access to a diversified range of investment opportunities in the public market.
- Liquidity, as shares can be bought and sold easily after the IPO.
- Increased transparency and regulatory oversight compared to private investments.
- Ability to participate in the growth of well-known and successful brands.
- Potential for receiving dividends if the company becomes profitable.
- Chance to support and be part of a company’s growth journey.
- Exposure to new sectors and industries through IPO offerings.
What advantages does the issuing company gain from an IPO?
- Access to capital for business expansion and growth.
- Increased visibility and credibility in the market.
- Potential for significant capital gains if the company performs well.
- Ability to attract new investors and build a diverse shareholder base.
- Enhanced financial transparency and regulatory compliance.
- Establishment of a market value for the company’s shares.
- Potential for increased media coverage and public attention.
- Use of stock options to attract and retain talented employees.
Simple Tips for Evaluating IPO before Investment
- Review the company’s prospectus to understand its business, products, and growth plans.
- Evaluate the company’s financial statements for steady revenue growth and profitability.
- Assess the industry outlook and the company’s position in the market.
- Identify the company’s competitive advantage and unique strengths.
- Research the experience and track record of the management team.
- Understand how the capital raised from the IPO will be used.
- Be aware of potential risks and challenges the company may face.
- Compare the IPO price with the company’s fundamentals and industry peers.
- Consider the reputation and credibility of the IPO’s underwriters.
- Gauge the demand and interest from institutional investors and the public.
What are various risks in IPO investment?
Investing in IPOs carries various risks that potential investors should be aware of. Some of the common risks associated with IPO investments include:
Market Volatility: The stock price of newly listed companies can be highly volatile, subject to rapid fluctuations in the market.
Limited Historical Data: IPOs often lack a substantial track record of financial performance, making it challenging to assess their long-term prospects.
Uncertain Future Performance: There is no guarantee that the company will perform as projected in the prospectus, leading to potential losses for investors.
Lack of Information: Compared to established companies, IPOs may have limited information available to the public, making thorough analysis more difficult.
Underpricing or Overpricing: The IPO price may not accurately reflect the company’s true value, leading to potential overvaluation or undervaluation.
Lock-up Periods: Company insiders, including employees and early investors, may be subject to lock-up periods, restricting them from selling their shares immediately after the IPO. This can lead to a flood of selling once the lock-up period expires, potentially driving down the stock price.
Market Sentiment: The overall market sentiment and investor appetite for new offerings can heavily impact the performance of IPO stocks.
Regulatory and Legal Risks: IPOs involve complex regulatory processes and compliance requirements, and any non-compliance can lead to legal consequences.
Poor Post-IPO Performance: Some companies experience a decline in stock price after the IPO due to various factors, including business challenges or unfavorable market conditions.
Thin Trading Volumes: Newly listed stocks may have low trading volumes initially, making it challenging to buy or sell shares at desired prices.
Allocation Bias: Retail investors may receive smaller allocations of shares compared to institutional investors, impacting their potential returns.
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