If you are looking for the list of Upcoming Mainline IPO in India in 2023, Below are the latest IPO list that might hit the IPO market soon.
Mainline IPO in November 2023
Here is a list of upcoming IPOs in November 2023. The IPOs open for subscription this week include Cello World, Mamaearth, Protean eGov Technologies, and ASK Automotive. Stay tuned for the latest IPOs and consider investing in the primary market. This list comprises names of upcoming IPOs in India for 2023, some of which have already filed a DRHP (Draft Red Herring Prospectus) with SEBI, and a few have received SEBI approval to proceed with their IPOs.
Mainline IPOs in India – List of Recent and Coming Soon IPOs
An IPO, which stands for Initial Public Offering, is a process that a privately held company undergoes to sell its shares to the general public. Companies utilize IPOs to raise funds from the public, which can be used for various purposes such as debt repayment, working capital needs, acquisitions, and other corporate objectives.
Investors interested in participating in the latest IPOs can apply online through IPO applications, using either a bank or a stockbroker. This can be done through UPI-based online IPO applications or by applying through a bank using the ASBA (Applications Supported by Blocked Amount) method.
Forthcoming IPOs in 2024
| Upcoming IPO 2023 | Date | Size | Price |
|---|---|---|---|
| SPC Life Sciences | Coming Soon | ₹- Cr. | ₹- |
| Balaji Speciality Chemicals | Coming Soon | ₹- Cr. | ₹- |
| EbixCash | Coming Soon | ₹6000 Cr. | ₹- |
| Innova Captab | Coming Soon | ₹- Cr. | ₹- |
| Indiafirst Life | Coming Soon | ₹- Cr. | ₹- |
| RBZ Jewellers | Coming Soon | ₹- Cr. | ₹- |
| Flair | Coming Soon | ₹- Cr. | ₹- |
| Tata Play | Coming Soon | ₹- Cr. | ₹- |
| FirstMeridian Business | Coming Soon | ₹- Cr. | ₹- |
| Lohia Corp | Coming Soon | ₹- Cr. | ₹- |
| Nova Agritech | Coming Soon | ₹- Cr. | ₹- |
IREDA
The Indian Renewable Energy Development Agency (IREDA) is a government enterprise wholly owned by the Government of India under the administrative control of the Ministry. IREDA is planning to raise approximately ₹2150 crores through an IPO, consisting of a fresh issue of ₹1290 and an offer for sale of up to 268,776,471 shares of ₹10 each. The allocation percentages for the IPO are 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).
Fedbank Financial Services (FedFina)
Fedbank Financial Services (FedFina), a retail-focused non-banking finance company (NBFC) promoted by The Federal Bank Limited, intends to raise approximately ₹1092 crores through an IPO. The IPO consists of a fresh issue of ₹600 crores and an offer for sale of up to 35,161,723 equity shares of ₹10 each. The allocation percentages for the IPO are 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).
Gandhar Oil Refinery
Gandhar Oil Refinery, a prominent manufacturer of white oils with an increasing emphasis on consumer and healthcare end-industries, is targeting to raise approximately ₹501 crores through an IPO. The IPO includes a fresh issue of ₹302 and an offer for sale of up to 1,17,56,910 equity shares of ₹2 each. The allocation percentages for the IPO are 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).
Tata Technologies
Tata Technologies, a subsidiary of Tata Motors, is targeting to raise ₹3043 crores through an IPO, which includes an offer for sale of up to 60,850,278 equity shares of ₹2 each. The allocation percentages for the IPO are set at 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).
Flair Writing
Flair Writing, a significant player in the pens segment, is planning to raise ₹593 crores through an IPO. The IPO includes a fresh issue of ₹292 crores and an offer for sale of up to ₹301 crores of ₹5 each. The allocation percentages for the IPO are 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).
FAQs
Can I Apply for IPO without a Demat account?
No, As per the SEBI rules, an individual needs a Demat Account to apply for an IPO.
Are IPOs a good investment?
Yes, an IPO is a good investment for the short term and the long term as well. For a company whose financial situation is good and the demand is high, investors should go for those IPOs.
How can one apply for upcoming IPOs online?
The IPO investors can apply for the Upcoming IPO via UPI-based online IPO applications or Bank through ASBA.
Where do I get an application form for an Upcoming IPO?
Download blank ASBA IPO application forms from NSE or BSE website. You can get the IPO forms from the brokers as well.