As and when investor hears about a new IPO coming up, they all are buoyed up and ready to get their hands on it as swiftly as possible. Just like good things come in small packages, this goes the same for IPOs as well. Since the window to buy IPOs is limited, they are all that frenzy of rage.
For every private company, an IPO is an inimitable occasion, and it doesn’t happen frequently. Some IPOs garner so much heeds that they are oversubscribed during their first shot. This is because the company has a strong base and performance records over the years.
If you witness the IPO trends in 2021, they have done a fantastic job, but woefully, that’s not the case in 2022. The rationale behind this includes the looming recession, atrocious Russia-Ukraine war, spike in the interest rates, macroeconomic factors, changes in the policies, etc.
Moving forward into 2023, there are some big players in the league who are all set to make their public entry. And investors around the world are gazing on standby to witness their new beginnings. Below is the list of top IPOs that are scheduled to launch in the first quarter of 2023.
Oravel Stays Limited (OYO): Also known as OYO, this hospitality brand is on the move to launching an IPO in 2023. The company intends to go for a fresh issue worth INR 7,000 crores along with OFS worth INR 1,430 crores. So, the total expected IPO size would be INR 8,430 crores.
Yatra Online: The popular travel facilitator brand, Yatra Online, is making its headway to launch an IPO in March 2023. The company also got SEBI approval after submitting the Draft Red Herring Prospectus (DRHP). Yatra will issue an offer for the sale of 93,28,358 equity shares on the IPO launch day.
FABIndia: One of the popular lifestyle retailer brands, FAB India, proposes to expand its branding via an IPO. The retailer aims to bring about INR 4,000 crore from this stock launch, of which, INR 500 crore worth are new issues. FABIndia already got a thumbs up from SEBI as well.
Go First Airlines: Previously known as Go Air, this airline company is soon to be going public in 2023. The SEBI has approved (DRHP) the Draft Red Herring Prospectus submitted by the company on 14th May 2021. Go First is now in a race to bring about the capital of INR 3600 Crore via IPO. The raised funds will be used by the company to pay its debts and other outlays.
Mamaearth: This natural cosmetic company has set its eyes on the IPO which is going to take place in 2023. In this launch, the brand is planning on making $300 million from this fresh issue. Post-IPO, the cosmetic brand has plans to expand its presence offline as well by opening 40,000 stores across India.
Some of the other popular IPOs that are going to launch in 2023 include Snapdeal Limited (INR 1,250 crores), IXIGO (INR 1600 crores), Aadhar Housing Finance (INR 7,300 crores), etc.