The Indian IPO market is expected to be very active in 2023, with a number of promising companies looking to raise capital. There are five upcoming IPOs in India that investors should consider. These initial public offerings (IPOs) represent a wide range of industries, from budget airlines to digital payment platforms to engineering and design services companies. Here are the 5 most awaited IPOs in India in 2023, after the successful listing of Ideaforge Technology, Cient DLM Ltd, and IKIO Lighting Ltd:
1.Go Airlines
Go Airlines, India’s popular budget airline, is aiming to raise Rs. 3,600 crores through its IPO. The company plans to use the proceeds to fund its fleet expansion and upgrade its in-flight services.
2. MobiKwik
MobiKwik is a leading digital payment platform in India. The company is aiming to raise Rs. 1,900 crores through its IPO. The proceeds will be used to expand MobiKwik’s offline merchant network and to invest in new growth areas such as BNPL (buy now, pay later) and financial services.
3. Tata Technologies
Tata Technologies is a leading engineering and design services company in India. The company is aiming to raise Rs. 1,500 crores through its IPO. The proceeds will be used to expand Tata Technologies’ global reach and to invest in new growth areas such as electric vehicles and autonomous vehicles.
4. Ixigo
ixigo is a leading travel technology platform in India. The company is aiming to raise Rs. 1,200 crores through its IPO. The proceeds will be used to expand ixigo’s product offerings and to invest in new growth areas such as offline travel bookings and international travel.
5. Penna Cement
Penna Cement is a leading cement manufacturer in India. The company is aiming to raise Rs. 1,000 crores through its IPO. The proceeds will be used to expand Penna’s capacity and to upgrade its manufacturing facilities.
Conclusion
These are just a few of the upcoming IPOs in India that investors should keep an eye on. The five companies mentioned in this article are all well-established and have strong growth prospects. However, it is important to do your own research before investing in any IPO, as the performance of any stock can fluctuate.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice. Investing in IPOs is a risky proposition, and investors should carefully consider the risks before investing