Upcoming IPOs – If you’re looking for a list of upcoming IPOs in India in 2023, go no further than the list below. The upcoming IPO list contains companies that have filed DRHP and RHP, which are slated to hit the primary market in 2023. Do not miss out on the forthcoming IPO this week.
Upcoming IPO in December 2023
The following is a list of upcoming IPOs in December 2023. India Shelter Finance, Inox India, DOMS, Motisons Jewellers, Suraj Estate Developers, Muthoot Microfin, Happy Forgings, RBZ Jewellers, Credo Brands, Azad Engineering, and Innova Captab are the current IPOs open this week. Keep an eye out for new IPOs and stay invested in the primary market. The list comprises the names of upcoming IPOs in India in 2023 that have already filed DRHPs with SEBI and have received SEBI approval to issue an IPO.
| Current / Upcoming IPOs | Date | Size | Price |
| India Shelter Finance | 13-15 Dec | ₹1350 Cr. | ₹469 to ₹493 |
| DOMS IPO | 13-15 Dec | ₹1200 Cr. | ₹750 to ₹790 |
| Inox India | 14-18 Dec | ₹1459 Cr. | ₹627 to ₹660 |
| Motisons Jewellers | 18-20 Dec | ₹151 Cr. | ₹52 to ₹55 |
| Suraj Estate Developers | 18-20 Dec | ₹400 Cr. | ₹340 to ₹360 |
| Muthoot Microfin | 18-20 Dec | ₹960 Cr. | ₹277 to ₹291 |
| RBZ Jewellers | 19-21 Dec | ₹100 Cr. | ₹95 to ₹100 |
| Happy Forgings | 19-21 Dec | ₹1009 Cr. | ₹808 to ₹850 |
| Credo Brands (Mufti Jeans) | 19-21 Dec | ₹550 Cr. | ₹266 to ₹280 |
| Azad Engineering | 20-22 Dec | ₹740 Cr. | ₹499 to ₹524 |
| Innova Captab | 21-26 Dec | ₹570 Cr. | ₹426 to ₹448 |
| Mukka Proteins | Coming Soon | ₹- Cr. | ₹- to ₹- |
| Allied Blenders and Distillers | Coming Soon | ₹2000 Cr. | ₹- to ₹- |
Upcoming IPOs in India – List Coming Soon IPOs
- IPO aka initial public offering is a process that a private limited company goes through for the sale of its shares to the public. The companies raise funds from the public through the IPO for their debt repayment, working capital requirements, acquisitions, and other corporate purposes.
- The IPO investors should apply for the Latest IPO by online IPO application via Bank or Stockbroker. The IPO investors can apply for the Upcoming IPO via UPI-based online IPO applications or Bank through ASBA.
India Shelter Finance
A retail-focused affordable housing finance company India Shelter Finance aims to raise ₹1200 crores via IPO that comprises fresh issue of ₹800 crores and offer for sale up to ₹400 crores of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
DOMS IPO
An Indian stationery and art materials manufacturing company DOMS aims to raise ₹1200 crores via IPO that comprises fresh issue of ₹250 crores and offer for sale up to ₹850 crores of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.
Inox India
One of the largest suppliers of cryogenic equipment in India Inox India is to raise around ₹1459 crores via IPO that comprises fresh issues of ₹[.] crores and offer for sale up to ₹1459 crores of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Motisons Jewellers
A jewellery retail player Motisons Jewellers to raise around ₹151 crores via IPO that comprises fresh issue of ₹151 crores and offer for sale up to [.] equity shares ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Suraj Estate Developers
A real estate developer company Suraj Estate Developers to raise around ₹400 crores via IPO that comprises fresh issue of ₹400 crores and offer for sale up to ₹[.] crores of ₹5 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Muthoot Microfin
A microfinance institution Muthoot Microfin aims to raise ₹960 crores via IPO that comprises fresh issue of ₹760 crores and offer for sale up to ₹200 crores of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Happy Forgings
The fourth largest engineering-led manufacturer of complex and safety-critical, heavy forged, and high precision machined components in India Happy Forgings aims to raise ₹1009 crores via IPO that comprises fresh issue of ₹400 crores and offer for sale up to 7,159,920 equity shares ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
RBZ Jewellers
One of the leading organized manufacturers of gold jewellery in India, RBZ Jewellers aims to raise ₹100 crores via IPO that comprises fresh issue of ₹100 crores and offer for sale up to NIL of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Credo Brands
The largest homegrown brands in the mid-premium and premium men’s casual wear market in India Credo Brands aims to raise ₹550 crores via IPO that comprises fresh issue of NIL and offer for sale up to 19,634,960 equity shares ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Azad Engineering
One of the key manufacturers of our qualified product lines supplying global original equipment manufacturers Azad Engineering aims to raise ₹740 crores via IPO that comprises fresh issue of ₹240 crores and offer for sale up to ₹500 crores of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Innova Captab
An integrated pharmaceutical company in India, Innova Captab aims to raise ₹570 crores via IPO that comprises fresh issue of ₹320 crores and offer for sale up to 5,580,357 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Allied Blenders and Distillers
The largest Indian-owned Indian-made foreign liquor (“IMFL”) company Allied Blenders and Distillers aims to raise ₹2000 crores via IPO that comprises fresh issue of ₹1000 crores and offer for sale up to ₹1000 crores of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Upcoming IPOs 2023 FAQs
Q. What is an IPO? or What is IPO Meaning?
Ans. The IPO is an initial public offer where companies come up for their share sale to the public by offering their own privately held shares to the public. The companies should draft DRHP with SEBI for an Initial Public Offer (IPO) to change their company identity from Private Limited to Limited. The company should file DRHP (draft red herring prospectus) and final RHP (red herring prospectus) for IPO. SEBI approves the Initial Public Offer for the companies, and then they go for the IPO. After RHP filed by company decides the price band and the date to invest in the IPO via UPI or ASBA format for investors.
Q. Which IPO is open today / this week? or Which IPO is coming soon?
Ans. The Upcoming IPO this week is India Shelter Finance, Inox India, DOMS, Motisons Jewellers, Suraj Estate Developers, Muthoot Microfin, Happy Forgings, RBZ Jewellers, Credo Brands, Azad Engineering, Innova Captab in December 2023.
Q. Which are the best Upcoming IPOs in 2023 in India?
Ans. The upcoming IPOs in India in 2023 are Ebixcash, Indiafirst Life, RBZ Jewellers, SPC Life Sciences, Tata Play, Lohia Corp, Nova Agritech, and more. The Upcoming IPO list might include a few more names after the market regulator SEBI’s approval.
Q. Can I Apply for IPO without a Demat account?
Ans. No, As per the SEBI rules, an individual needs a Demat Account to apply for an IPO.
Q. Are IPOs a good investment?
Ans. 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.
Q. How can one apply for upcoming IPOs online?
Ans. The IPO investors can apply for the Upcoming IPO via UPI-based online IPO applications or Bank through ASBA.
Q. Where do I get an application form for an Upcoming IPO?
Ans. Download blank ASBA IPO application forms from the NSE or BSE website. You can get the IPO forms from the brokers as well.
Q. How to Subscribe to an IPO?
Ans. You can apply for an IPO in 3 different methods.
- UPI-Online: Go to your Demat Account App like Zerodha, Upstox, PaytmMoney, or others and then Select the IPO and Apply for the IPO with your UPI ID. You will get the mandated approval in your bank or Google Pay account. You need to approve the mandate to submit your application.
- ASBA-Online: You need to log in to your bank account to apply for the IPO via ASBA. Fill in the details like Demat Account Number, PAN Number, and Bidding Details and submit.
- Broker-Offline: To apply for an upcoming IPO, you can contact your broker to fill out the form and submit it.
For more New IPO-related updates visit New IPO Page.