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Top Upcoming IPOs Investment Opportunities

29 Nov 2023

Initial Public Offerings (IPOs) present an exciting avenue for you to participate in the growth journey of promising companies. This article will explore some of the best upcoming IPO 2023 investment opportunities, showcasing companies from diverse sectors such as finance, biotechnology, fintech, FMCG, and SaaS technology. These IPOs offer a chance to back innovative ventures, fuel expansion plans, and potentially reap significant rewards.

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Top upcoming IPOs

SBFC Finance Ltd  

SBFC Finance Ltd is a finance company that offers loans to entrepreneurs, self-employed individuals, small business owners, and salaried employees. The company is set to launch its IPO on August 3, 2023. The company aims to raise capital from the public to expand its operations further and support its growth strategy. SBFC Finance has fixed the price band for its equity shares at Rs. 54 to Rs. 57 per share for the upcoming IPO. You can place bids for a minimum of 260 equity shares and, subsequently, in multiples of 260 equity shares.

Concord Biotech

Concord Biotech is a biotechnology company from India. The company was founded in 2000 and manufactures fermentation-based biopharmaceutical active pharmaceutical ingredients. The company is launching its IPO on August 4, 2023. The IPO subscription will remain open until August 8, 2023, giving investors a five-day window to participate. To make the IPO more accessible, the lot size has been fixed at 20 shares. The company aims to raise substantial capital through the IPO, with the IPO size set at Rs 1,551 crores.

One Mobikwik Systems Ltd 

One Mobikwik Systems Ltd, a leading Buy Now Pay Later (BNPL) and mobile wallet services provider, is preparing for its IPO. The IPO's issue size is Rs. 1,900 crore, comprising a fresh issue of Rs. 1,500 crore and an Offer for Sale (OFS) of Rs. 400 crore. The IPO date is yet to be officially announced, but market participants are eagerly awaiting further updates.

The book-running lead managers to the issue are reputable firms, including IIFL Securities, Credit Suisse Securities, BNP Paribas, ICICI Securities, and Jefferies India Pvt Ltd. These firms play a crucial role in managing and executing the IPO process.

Keventer Agro Ltd

Keventer Agro Ltd is a Kolkata-based Fast-Moving Consumer Goods (FMCG) company. The company primarily focuses on packaged, dairy, and fresh food products. On August 8, 2021, the company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an IPO. The proposed IPO will consist of a fresh issue of equity shares worth Rs. 350 crore. Additionally, Mandala Swede SPV will have an OFS of up to 10,767,664 equity shares, which currently holds a 6.61% stake in Keventer Agro.

The OFS includes 15.35 million compulsory convertible preference shares, which will eventually be converted into a maximum of 9.15 million equity shares. ICICI Securities Ltd, Axis Capital Ltd, and JM Financial Ltd are the book-running lead managers for the IPO.

Capillary Technologies India Ltd

Capillary Technologies, a SaaS technology company, has filed its DRHP with SEBI. The IPO is valued at approximately Rs. 850 crore and comprises two components - a fresh issue of equity shares amounting to Rs. 200 crore and an OFS of equity shares worth approximately Rs. 650 crore. In addition to the IPO, the company plans to conduct a pre-IPO placement of shares valued at Rs. 40 crore. This amount will be subtracted from the fresh issue, effectively reducing the size of the new equity shares offered during the IPO.

The company is launching the IPO to prepay and repay any existing debt. It also plans to invest in product development, technology enhancements, and other growth initiatives and invest the remaining part of the funds for strategic investments and acquisitions.

Conclusion

It is essential to thoroughly research each IPO and assess the company's business model, growth prospects, and financial performance. A well-informed investment decision in these IPOs can potentially unlock returns in the future. However, it is essential to remember that all investments carry risks, and you should research well before making any decisions.

 

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