31-Jan-2023
2 mins read
In the last couple of years, many IPOs have come into the Indian equities with a mixed set of performance from many companies on a year-to-year basis. The IPO trend finally seems to be picking up in the past 2 months after the bad year of 2022, where the amount raised under IPO halved from all-time high levels. 40 companies raised 59,412 core in 2022 versus 1.19 lakh crore raised by 63 IPOs in 2021.
For 2023 the trend seems to be picking up where 54 companies have received SEBI approval to raise approx. 84000 crore from public issues. Another 33 companies’ IPOs looking to raise about 57000 crores are in pipeline or waiting for SEBI approval.
Here is the list of IPOs that are expected to garner some talks on Dalal Street:
- Go Airlines IPO: (Popularly known as GOAIR)
Go Airlines previously known as Go Air as per its DRHP filed with SEBI is looking to raise 3600cr all by the fresh issue of shares only.
Go Airline is a ULCC i.e., Ultra-Low-Cost Carrier, and is one of the fastest growing airlines in India. Since it’s a low-cost airline that focuses on maintaining low costs, the main target base of the company is young customers.
The main USP of this airline is that they have flexible and dynamic routes which allow them to increase or decrease the number of flights based on demand.
Go Air currently has an order book of 98A320 NEO aircraft, with additional deliveries of 14 in FY23 and 154 in FY24.
The objective of the IPO: The proceeds of the issue will be used to repay debt and clear dues to the Indian Oil Company.
- MobiKwik IPO:
As per DRHP filed with SEBI, the company is looking to raise 1900 crore, out of which 1500 crore is via the fresh issue and 400 crores is OFS by promoters. The company is targeting a valuation of approx. $ 1 Billion.
Mobikwik is one of the leading mobile wallet and BNPL( Buy Now Pay Later) providers. Mobikwik Offers services like UPI based peer to peer payments, mobile wallet under MobiKwik wallet, and wallet-to-bank payments. Mobikwik has earned popularity by easing regular mobile payments and extending the benefits of BNPL.
Objectives of the IPO: To prepay and repay the company’s outstanding borrowings, meet growth initiatives, and address corporate objectives.
- Tata Play IPO:
The year 2023 is expected to be an interesting one as at least 2 Tata Group companies’ IPOs are lined up. The last IPO to come from Tata Group was TCS in 2004. The DRHP for Tata Play has already been filed via a confidential route. Tata Play is the 1st company to file the draft prospectus confidentially.
Tata Play was earlier known as Tata Sky and is India’s largest satellite television Operator with over 1.9cr subscribers. Walt Disney is one of the main investors in the company, but it is looking to offload the entire stake in the IPO.
- Tata Technologies IPO
Tata Technologies is one of the known companies in the market and a global leader in engineering services outsourcing and product development services. It is part of the flagship tata group with Tata Motors holding a major stake in it. The headquarters of the company is in Singapore with Regional Headquarters in Novi, Michigan (US), Pune(India), and Warwick(UK) and it serves clients worldwide.
Apart from the aforesaid data, not much has been available in the public domain as on data but after around 18 years, TATA group is coming with a new IPO in the market
- PharmEasy
The parent company of India’s leading digital healthcare platform PharmEasy is API Holdings. It has filed for its IPO with market regulator SEBI in November 2021. The company operates in an integrated, end-to-end business that aims to provide solutions for healthcare needs of consumers
PharmEasy is one of the known healthcare platforms for consumers that offer various kinds of online services in the field of medical and doctor consultation. The company was founded in the year 2015 and is planning to come with a public issue in the ongoing calendar year 2023. The issue size is around 6000 plus crores and will be a fresh capital issue with OFS still declared from the promoters.
- OYO Rooms
The company was started in 2012 with the name Oravel Stays and later rebranded as the OYO Hotels and Homes and is now considered one of the known names in the Start-Ups in India. It has entered the hospitality segment in India specially to provide an affordable and better experience to the customers.
The company has filed DRHP for Rs. 8,430 crores for the IPO, which would be a combination of fresh issues of around 7000 crores and the remaining will be offered for sale from the promoter or the existing shareholders of the company.
