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Upcoming IPOs in January 2023

12 Sep 2023

With the dawn of the new year not far ahead, it is time to look at how the IPO scene will likely be in the context of the Indian stock market. There has been a slew of entities that have filed their Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). These companies that have filed their initial prospectus are likely to open their upcoming IPOs to the public in January considering the favourable climate for public issues. Here’s a quick look at the list of entities that might just come out with their IPOs by the start of the new year. 

Upcoming IPOs in January, 2023 

To make it easier for you to keep a close watch on the latest IPOs expected to hit the shores in January 2023, we’ve compiled a table with the vital information regarding the issues. Check it out below.

 

Name of the Company

IPO Size 

IPO Opening Date

IPO Closing Date

Puranik Builders Limited

Rs. 510 Crores 

To Be Announced

To Be Announced

FabIndia Limited

Rs. 4,000 Crores

To Be Announced

To Be Announced

Indegene Limited

Rs. 3,200 Crores

To Be Announced

To Be Announced

TVS Supply Chain Solutions Limited

Rs. 5,000 Crores

To Be Announced

To Be Announced

Zaggle Prepaid Ocean Services Limited 

Rs. 490 Crores

To Be Announced

To Be Announced

 

Now that you’ve seen the list of the latest IPOs that are likely to witness their debuts on the Indian stock exchanges in January 2023, let’s take a look at the companies themselves. Stay updated on the latest Upcoming IPOs 2023!

1. Puranik Builders Limited

Established in 1990, Puranik Builders is an entity involved in the development of the residential and commercial real estate. Concentrated primarily in the Mumbai Metropolitan Region and the Pune Metropolitan Region, the company has completed around 35 projects to date. With over 17 more projects in the pipeline, Puranik Builders is hoping to raise capital via an upcoming IPO.

The total issue size of the company’s public issue comes up to Rs. 510 crores. This, however, is only from the fresh issue of shares. The promoters are planning to sell a portion of their stake, coming up to around 9,45,000 equity shares, through the IPO via an Offer for Sale (OFS). The quantum of the proceeds from this sale has not been disclosed as of now. 

2. FabIndia Limited

Although FabIndia filed their DRHP quite a while back, they haven’t yet proceeded with their plan of getting listed. However, this might change in January 2023, with the company finally pushing through its latest IPO. 

Backed by Wipro’s Azim Premji, FabIndia is a retail clothing brand with both an online and an offline presence. The company is planning to raise around Rs. 500 crores via a fresh issue of shares, whereas the promoters are looking to offload a portion of their stake by selling 2,50,50,543 equity shares through an OFS. 

3. Indegene Limited

Indegene is one of the many healthcare tech companies in India. The entity, established in the year 1998, is in the business of providing management, research and development, and a host of other services to pharmaceutical firms. 

Through this IPO, the company is planning to raise Rs. 950 crores through the sale of its shares to the public. In addition to this, around 3,62,91,497 equity shares are also likely to be sold by the promoters of the company through a dedicated Offer for Sale (OFS). 

4. TVS Supply Chain Solutions Limited

Part of the TVS group of companies, TVS Supply Chain Solutions was incorporated in 2004. As the name itself signifies, the company is in the business of providing solutions for supply chain logistics for other entities. Aspects like demand forecasting, inventory planning, production, optimization, and management of procurement are a few areas where the company excels at. 

The upcoming IPO of TVS Supply Chain Solutions consists of a fresh issue of shares worth Rs. 2,000 crores. In addition to this, there’s also an Offer for Sale (OFS) from the entity’s promoters worth Rs. 3,000 crores. This brings the entire size of the issue to about Rs. 5,000 crores. 

5. Zaggle Prepaid Ocean Services Limited 

Established in 2011, Zaggle Prepaid Ocean Services is one of the many electronic payment solutions providers in the country. The company is in the business of providing three distinct services to corporates, SMEs, and other entities. These services include a robust accounts payable system and a business spend management system, an integrated employee benefits system, and a dedicated platform for managing employee rewards and channel partner incentives. 

Through the latest IPO, Zaggle Prepaid Ocean Services is planning to raise around Rs. 490 crores via a fresh issue of shares to the public. On the other hand, the promoters are also looking to offload their stake, which comes up to around 1.05 crores of equity shares via the Offer for Sale (OFS) component of the public issue. 

Conclusion

So, there it is. These are a few of the companies that might come out with their upcoming IPOs in January 2023. That said, depending on the economic climate and investor sentiment, the IPO plans by these companies may also be delayed. So this is something that you need to account for. 

Now, if you’re planning on investing in any of the upcoming IPOs, make sure to have an active Demat account ready. If you don’t have one, visit the website of Motilal Oswal today to open a Demat account and a trading account for free. 

 

Related articles: 5 Tips for Investing In IPOs | What's the big deal about IPOs | Clearing the confusion from IPOs | IPO in India- The future looks bright | Upcoming IPO

 

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