List of Upcoming IPO in 2023

Initial Public Offer (IPO) is a landmark moment for companies as they become a publicly traded on stock exchanges. It means greater visibility for a company and also greater scrutiny as they have to disclose all important details about their business.

IPOs are one of the most popular routes to raise funds by companies. In 2022, 40 Indian companies raised as much as Rs 59,412 crore, which was half of the previous year’s amount. As much as 35 percent of the money was raised by Life Insurance Corporation (LIC) of India alone.

The year 2023 is likely to be better given tens of upcoming IPOs that are in the pipeline. As per media reports, as many as 90 companies have either applied for Securities and Exchange Board of India’s (SEBI) approval for the IPO or already have got the approval.

SEBI is the market regulator and any company planning to raise money by IPO route needs to get its approval. Once applied for approval, SEBI takes a few months to give its nod and then the company can float its IPO in subsequent months.

Among these 90 odd companies, below are some of the most awaited IPOs:

Yatra Online

Yatra Online Limited is one of the largest ticket booking platforms for flights, hotels and holiday packages. The company has already received SEBI’s approval. The company plans to raise Rs 750 crore from investors.

Yatra, which operates in a highly competitive industry, plans to use the fund received from the IPO for acquisitions and investment in other companies. inorganic growth and investment in customer acquisition, other organic growth initiatives and general corporate purposes.

Navi Technologies