IPO (Initial Public Offering) is when a private company issues first-hand shares to the public to raise capital. The main goal of launching an IPO is to raise funds for debt repayment, merger & acquisitions, working capital, expand their business, or launch a new product. Investors become aggressive when it comes to investing in an IPO. however, you must be aware of the risk associated with it. In this article, we are going to learn about the upcoming IPO of 2023.
List of upcoming IPO of 2023
Go Airlines: Go Airlines company was established in 2004 and is known for offering affordable traveling via the sky. The main purpose of the IPO is to fund general corporate purposes, make scheduled payments, replacing letters of credit. They are aiming to raise 3,600 crores.Oravel stays Limited (OYO): OYO company was established in 2012 and is popularly known for its hospitality services at affordable prices. The public issue is worth Rs. 8,430 crores.Wellness Forever medicare Ltd: The company was founded by Ashraf Biran, Mohan Chavan and Gulshan Bakhtiani. It aims to offer equity shares worth Rs. 1,500 to Rs. 1.600 crores.CMR Green Technologies Limited: The company leads in the business of metal recyclers in the recycling industry. It is aiming to issue equity shares worth Rs. 300 crores and OFS of Rs. 3.34 crores.Droom Technology: The company is a data science company that deals in buying and selling used vehicles in India. The issue size of the Droom technology IPO is Rs. 3000.00 Cr.Puranik Builders Limited: The company deals in the business of developing housing projects in the Mumbai metropolitan region and Pune metropolitan region. The IPO aims to issue equity shares worth Rs. 510 crores and OFS of Rs. 9.45 lakh.EBIXCASH: The company offers services in the financial technology, travel, and business process outsourcing sectors. Moreover, they offer a wide range of products in the B2B, B2B2C, and B2C segments.Mobikwik: Mobikwik is the leading company for providing mobile wallets and buys now pay later services. They provide various services such as peer-to-peer payments, Mobikwik wallet-to-bank payments, and MobiKwik wallets.Navi Technologies: The company provides personal loans, health insurance, and home loans. The issue size of the Navi Technologies IPO will be around Rs. 3,350 crores.Snapdeal Limited: Snapdeal is one of the leading e-commerce companies in India. The issue size of the Snapdeal IPO will be Rs. 1,250 crores.FabIndia: FabIndia deals in the business of furnishing, handmade ethnic products, and garments. They focus on manufacturing hand-crafted products. The issue size of the IPO is Rs. 4000 Cr.BoAt: The company is known for providing audio wearables, earphones, Bluetooth speakers, wireless headphones, and home theater. The issue size of the IPO is Rs. 2000 Cr.Emcure Pharmaceuticals: The company offers a wide range of pharmaceutical products across several areas.Bharat FIH Limited: The company is one of the largest EMS (Electronic Manufacturing Services) in India. The issue size will be around Rs. 5000 crores.
To conclude, IPOs are considered great investment opportunities to grow money within a short span of time. However, IPOs can be risky if the financials of the companies are not good. So, make sure to go through the fundamentals of the company, management, cash flow, and revenue growth over the last years. Also, analyze your investment objective, risk appetite, and timeline of your investment.
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