Check out the latest upcoming IPOs that you can invest in. We bring to you the list of all major companies that are coming up with their IPOs in January 2023.
| Name of the Company | IPO Size | IPO Issue date |
| Sah Polymers IPO | ₹ 66.30 Cr | Dec 30 – Jan 04 2023 |
| Gold Plus IPO | ₹ 300 cr | Jan 2023 |
| Aadhar Housing Finance IPO | ₹ 7,300 cr | Jan 2023 |
| Hexagon Nutrition IPO | ₹ 100 cr | Jan 2023 |
| Capillary Technologies India IPO | ₹ 850 cr | Jan 2023 |
| Keventer Agro IPO | ₹ 350 cr | Jan 2023 |
| Capital Small Finance Bank IPO | ₹ 450 cr | Jan 2023 |
| Sresta Natural Bioproducts IPO | NA | Jan 2023 |
| Ola Cabs IPO | ₹ 1,500 cr | Jan 2023 |
| Droom IPO | ₹ 3,000 cr | Jan 2023 |
| Mobikwik IPO | ₹ 1,900 cr | Jan 2023 |
| Skanray Technologies IPO | ₹ 400 cr | Jan 2023 |
| Gemini Edibles and Fats IPO | ₹ 2,500 cr | Jan 2023 |
| Ixigo IPO | ₹ 1,600 cr | Jan 2023 |
Gold Plus
It is the second largest float glass manufacturer in India – it also has a large market share in value-added glass and clear glass manufacturing. It is issuing the IPO in order to pay for its market borrowings and working capital.
The company is unloading an Offer of Sale of 12,826,224 shares along with fresh issue of ₹300 cr.
Aadhar Housing Finance
The company provides mortgage-related loans to low income households from semi-rural and rural India.
The company is offering a fresh issue of ₹15,000 million and an offer of sale of ₹5,800 cr – the aggregate amount standing up to a total of ₹7,300 cr.
Hexagon Nutrition IPO
The company is focused on adult nutrition, clinical nutrition, paediatric nutrition, weight management nutrition etc. The company is issuing the IPO in order to pay off the debts of its subsidiaries, gather working capital and capital expenditure for its subsidiaries.
The company is going for a fresh issue of ₹100 cr and an offer of sale of 30,113,918 shares.
Capillary Technologies India
The company provides services in AI-based SaaS products and solutions. It has announced the IPO in order to repay its debts, invest in product development and R&D as well as strategic investments and acquisitions.
The company is giving out a fresh issue of ₹200 cr and an offer of sale of around ₹650 cr.
Keventer Agro
It is an FMCG firm headquartered in Kolkata that engages in packaged dairy and fresh food products – it operates across urban, semi-urban and rural areas. The reasons behind the IPO issue includes capital expenditure and repayment of borrowings.
The offer consists of a fresh issuance of ₹350 cr and an offer for sale of 10,767,664 shares.
Capital Small Finance Bank
Capital Small Finance Bank is one of the leading small finance banks. Capital Small Finance Bank Limited IPO combines ₹450 cr in fresh equities and 3,840,087 equity shares from selling shareholders.
The primary objective behind the IPO is to pay for advertising and marketing fees.
Sresta Natural Bioproducts
It is engaged in the business of buying, processing, producing, selling, and developing organic food products – sales come from not only India but also the USA and other countries. It provides a wide range of packaged food, drinks, spices and edible oils. The company performs cultivation on the largest area of land for organic farming among B2C organic food firms in India.
The initial public offering (IPO) consists of a fresh issue of equity shares worth up to ₹50 cr and an offer-for-sale by the selling shareholders of up to 70.30 lakh equity shares.
Ola cabs
It is one of the largest online cab service platforms in the world, operating in over 250 cities across the UK, Australia, New Zealand and India. It offers a variety of vehicles such as cabs, metered taxis, auto-rickshaws and bikes. The company enjoys a large customer base with over 1.5 million driver-partners.
However, the online cab-booking industry itself has been suffering from a shrinking pool of drivers, especially in metro cities in the post-COVID phase and Ola may require further financial innovations to overcome the slump and compete against newcomers.
Droom Technology
Droom is a technology and data science-driven online marketplace that sells and buys used and new automobiles. It enjoys over 65% of the market share of automobile transactions online.
The Droom technology IPO consists of an offer for sale worth ₹1,000 crores and a fresh issue of shares amounting to ₹2,000 crores. The objective here is to raise capital for organic and inorganic growth initiatives.
One Mobikwik Systems
Mobikwik started out as a mobile wallet to allow easier payment of utility bills. Today it allows P2P payments via UPI for a range of transactions such as e-commerce, food delivery, petrol pump transactions etc.
The total issue size of the One Mobikwik IPO is around ₹1,900 cr.
Skanray Technologies
The company is involved in designing, manufacturing, developing, and quality assurance of modern medical equipment. The IPO comprises fresh issues of ₹400 cr and an offer for sales of up to 14,106,347 shares.
The money raised through the Skanray IPO will be used to fund working capital requirements and promote inorganic growth.
Gemini Edibles and Fats
The company manufactures, distributes and brands edible oils and speciality fats in India. Their sunflower oil is marketed under the ‘Freedom’ brand and they are among the top two companies by market share in the branded sunflower oil category in India as of FY21.
The company plans to raise around ₹2500 cr solely through offer for sale.
Ixigo
The company assists Indian travellers in managing, booking and planning their tours across hotels, buses, air and rail. It does so by using data science and AI-based innovations.
The offering will comprise ₹850 cr as an OFS (offer for sale) and ₹750 cr as a fresh issue of equity shares. The company aims to use this money to conduct organic and inorganic growth initiatives.
