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Discover 2023's 10 Hottest Upcoming IPOs

Indian startups are going public

8 December 2022


Jayashri Ghorpade

India produced 3X more unicorns than China in 2022.png

Flipkart, Tata Play, Oyo & much more

If you're looking to invest in Initial Public Offerings (IPOs) in 2023, this year may present some great opportunities for making money in the stock market. With a number of major companies expected to go public this year, the market is sure to be buzzing with activity.

Some of the notable names that are rumored to be planning IPOs include Flipkart, Tata Technologies and Tata Play, Oyo Rooms, Ola, Swiggy, Byju's, Boat, Mobikwik, Mamaearth, Ixigo, and Go first.

It's worth noting that the above list of companies is based on rumors and speculation and may not be confirmed or accurate. Before making any investment decisions, it's important to conduct thorough research and due diligence on the companies you're interested in.

It's also important to keep in mind that investing in IPOs can be risky, as the stock price of a newly public company can be volatile in the short-term. It's important to have a long-term investment strategy and be prepared for fluctuations in the stock price.

Additionally, since the list of companies mentioned are Indian based, for making any investments or for any financial advice it is always best to consult with a financial advisor or professional and take their opinion.

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Tata Play, a subsidiary of Tata Technologies, has reportedly invested $350 million for its IPO. Tata Play, previously known as Tata Sky, provides DTH services. Go First, the domestic airline, is planning to raise $486 million with its IPO. The airline has 57 aircrafts in its fleet, but increased loss due to the rising fuel prices.

MamaEarth, a consumer products company that markets under the brand name MamaEarth, may also launch its IPO this year. The company has seen a 105% CAGR in revenue growth in the last 3 years and has turned profitable in 2022. The company has expanded its trade to South-East Asia and Gulf countries. OYO Rooms, a hotel booking company, is planning to launch its IPO in the first month of 2023. The company has 157,000 hotels and operates in 35 countries.

Swiggy, the food delivery app, is also speculated to have an IPO similar to Zomato. The company operates in more than 500 cities and has 150,000 restaurants associated with it. Ixigo, an online travel portal, has got the approval from SEBI for a $218 Million and may roll out its IPO in 2023. Flipkart, the Indian e-commerce giant, has set its IPO valuation target at $50 billion and is expected to have its IPO in 2023.

Mobikwik, a fintech company is reportedly raising $206 Million for its IPO. The company plans to list on stock market after the conditions stabilize. Boat, an audio-focused electronics brand and a judge on Shark Tank India, is planning to raise $268 Million with its IPO, which was previously postponed in October 2022.

Byju's, which operates in the education sector, may launch its IPO this year. The company raised $800 million in May 2022 as part of a pre-IPO round and is planning to raise around $40 billion with the listing. Ola Cabs, the ride-hailing aggregator, is also rumoured to launch its IPO in 2023 after the plans were deferred from 1H 2022.

Go first

This year the country's domestic airline Go First is coming up with its IPO. The airline raised Rs. 3600 crore is planned to be raised. GoFirst is the old GoAir. The airline has 57 aircraft in its fleet. The revenue of the company has increased but the loss has also increased due to the rise in fuel prices.

Hosana consumer products

Hosana consumer products are marketed under the brand name MamaEarth. The IPO of a beauty and care products company may also come this year. During the last 3 years, the company's revenue has grown at a CAGR of 105 percent. The company has made a profit in the year 2022. Apart from India, Mamaartha's trade has spread to South-East Asia and the Gulf countries.

OYO room

Oyo Rooms, a company that provides room booking facilities in hotels in the country, will bring its IPO in the first month of the year itself. The company currently has 157,000 hotels and is doing business in 35 countries. The company has submitted the IPO related documents i.e. DRHP to SEBI in 2021 itself. The company had planned to bring an IPO in the year 2022 but considering the market conditions, the company did not do so.

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