The upcoming IPOs are excellent investments in the short and long run. Companies receiving fresh investments are likely to grow and gain in share value. However, before investing in an upcoming IPO, you must update yourself of the associated risks. For example, companies with upcoming IPOs don’t have a trading history on the stock exchange, which investors can use to predict future share prices, meaning they solely have to rely on fundamental analysis. Keeping that caveat in mind, let’s look at the list of companies with the latest IPOs in February 2023.
| Company Name | IPO size in ₹ cr. | Release Date |
| Gold Plus Glass Industry IPO | 300 crore | February 2023 |
| Aadhar Housing Finance IPO | 7,300 crore | February 2023 |
| Hexagon Nutrition IPO | 100 crore | February 2023 |
| Capillary Technologies India IPO | 850 crore | February 2023 |
| Keventer Agro IPO | 350 crore | February 2023 |
| Capital Small Finance Bank IPO | 450 crore | February 2023 |
| Sresta Natural Bioproducts IPO | NA | February 2023 |
| OLA Cabs IPO | 1500 crore | February 2023 |
| Droom Technology IPO | 3000 crore | February 2023 |
| One Mobikwik Systems IPO | 1900 crore | February 2023 |
| Skanray Technologies IPO | 400 crore | February 2023 |
| Gemini Edibles & Fats IPO | 2500 crore | February 2023 |
| Ixigo IPO | 1600 crore | February 2023 |
Gold Plus Glass Industry is the second largest float glass manufacturer in the country. Besides, they also have a significant market share in value-added glass and clear-glass manufacturing. They will release a ₹300 crore IPO, primarily for repayment and prepayment of some of the company’s market borrowings.
As the name suggests, Aadhar Housing Finance provides mortgage-backed loans to low-income households in rural and semi-rural areas. They are the largest HFC in the domain of providing housing loans to low-income groups.
The company plans to raise ₹7,300 crore from the market, including fresh issues of ₹1500 crore and ₹5,800 crores in offers for the sale of equities.
The company has filed DRHP for an IPO. The company is going for fresh shares of ₹100 crore and an OFS of 30,113,918 shares. The primary objective of the public offer is to raise capital that the company will pay to offset the debts of its subsidiaries and gather working capital.
Hexagon Nutrition focuses on adult nutrition, clinical nutrition, paediatric nutrition, weight management nutrition etc.
The company provides AI-based SaaS services. Capillary Technologies is giving out new shares of ₹200 crore and offer for sale of equities worth ₹650 crore. They will primarily utilise the fund for repayment of debts, invest in product development, R&D, strategic investment and acquisition.
The Kolkata-based company engages in packaged dairy and fresh food products. They are trying to raise funds to repay borrowings and meet capital expenditures.
The offer includes fresh issuance of ₹350 crore and an offer for sale of 1.07 crore equities.
Capital Small Finance Bank is one of the leading SFB focusing on the middle-income segment lending. The bank forwards loans to small borrowers. The IPO funds will get used for meeting advertising and marketing costs.
The IPO combines fresh issuance of ₹450 crore and an offer for the sale of 3,840,087 equity shares.
It offers a wide range of packaged foods, spices, drinks, and edible oils in India and the USA. The company engages in buying, processing, producing, selling, and developing organic food products. The IPO consisted of ₹50 crore in fresh issues and up to 70.30 lakh equity shares on offer for sale.
OLA is one of the largest app-based cab-hailing platforms that operate in over 250 cities across India, the UK, Australia, and New Zealand. The company enjoys a large customer base of 1.5 million driver-partners.
OLA has filed papers to launch an IPO of ₹1500 crore. OLA IPO is one of the upcoming IPO in February 2023.
Droom is the largest data-science-driven automobile marketplace for new and used cars with a 65% market share.
Droom IPO is a combination of fresh share issuance worth ₹1000 crore and an offer for sale of ₹1000 crore equity shares. However, the IPO was scheduled for 2022, but Droom has pulled out citing lukewarm market responses. Now they might target to float the public offer during the last quarter of FY23.
Mobikwik started as a mobile wallet to facilitate bill payments online. Now the company offers P2P payments via UPI for a range of transactions such as e-commerce, food delivery, petrol pump transactions etc.
The total size of the IPO is around ₹1900 crore.
Skanray Technologies engages in designing, manufacturing, developing, and quality assurance of modern medical equipment. The company proposes sale of ₹400 cr in new issuances and 14,106,347 equity shares in an offer for sale. They will utilise the funds to meet working capital requirements and promote inorganic growth.
The company manufactures, distributes, and brands edible oils and fats. Their sunflower oil marketed under the brand ‘Freedom’ is one of the two top-selling Indian sunflower oil brands in FY21.
They have proposed to raise a total fund of ₹2500 crore through the public offer.
Ixigo is an online travel platform that provides Indian travellers with booking and managing their tours across hotels, buses, air, and rails leveraging AI-based innovations.
The upcoming IPO in February 2023 includes ₹850 crore in OFS and ₹750 crore in fresh issuance of shares.
Also read: Upcoming IPOs in India 2023
If you are interested in investing in upcoming IPOs in February 2023, open a Demat account today with a trusted online broker.
IPO investment is similar to equity investment, meaning they involve risks. You must research each company, whether it meets your investment objectives.
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