The IPO market in 2023 is heating up, with companies looking to go public and make a splash on the stock exchange. This year we can expect a slew of exciting IPOs from companies across industries, each with its own unique value proposition and potential for growth. So keep a lookout on the IPO calendar of April 2023 and upcoming months further in the year.
An IPO is an exciting time for investors and companies alike. It is the process through which a private company raises capital by offering its shares to the public for the first time. IPOs can be a great way for companies to raise money to fund their growth and for investors to get in on the ground floor of a potentially lucrative investment opportunity.
The IPO calendar of April 2023 might accommodate more new IPOs as the month passes. You can keep yourself updated about the same through information provided by Angel One.
Here are the details for the recently announced new IPO in April 2023:
| Company Name | IPO size (Rs. in crore) | Open Date | Close Date |
| Avalon Technologies | 865.00 | 3rd April 2023 | 6th April 2023 |
| Suraj Estate Developers Ltd | 409,47.00 | – | – |
| Capillary Technologies Ltd | 850.00 | – | – |
| Inspira Enterprise India Ltd | 800 | – | – |
| Nandan Terry | 255 | – | – |
| Snapdeal Ltd | 1,250 | – | – |
| Popular Vehicles & Services Ltd | 150 | – | – |
| Navi Technologies Ltd | 3,350 | – | – |
Avalon Technologies is an Electronic Manufacturing Services (EMS) company that has been in operation since 1999. The company provides end-to-end solutions for precision-engineered products and box-build solutions in India.
As per the information shared, Avalon Technologies will sell its shares in the range of Rs. 415-436 apiece during the four-day bidding process that will start on Monday, April 3, 2023, and end on Thursday, April 6, 2023. The company is looking to raise Rs. 865 crore through its primary stake sale, which includes the sale of up to 7,339,450 fresh equity shares worth Rs. 320 crore and an Offer For Sale (OFS) of 12,500,000 equity shares worth Rs. 545 crore by existing shareholders and promoters.
Investors who are interested in participating in this IPO should carefully review the company’s prospectus and analyse the IPO before making any investment decisions. It’s important to note that investing in IPOs can be risky and so it is wise to evaluate the company’s financial health, growth potential, management team, competitive landscape, and other factors before deciding to invest.
If you are new to the market, you can consult your financial advisors for guidance.
IPOs are typically announced a few weeks before they are launched, and companies usually provide detailed information about the offering in their prospectus, which is filed with the regulatory authorities. So, you can keep an eye on financial news and check the websites of stock exchanges or regulatory authorities for the latest information on upcoming IPOs.
Since 1996, Suraj Estate Developers Ltd. has been working in the real estate sector creating both residential and commercial properties in South-Central Mumbai. Through this IPO, the company will seek to repay and prepay its outstanding borrowings, also use the proceeds for land acquisitions and general corporate purposes.
This company offers AI-based, cloud native software as a solution products such as loyalty management and customer data platform to develop loyalty programs for consumers and channel partners.
A cyber security company launched in 2008, Inspira aims to fund its working capital requirements through this IPO. Also wants to make a debt repayment of Rs. 115.37 crores.
It is a part of Chiripal Group and deals with a vast range of production, contract manufacturing, trade, distribution and service related operations for textiles, education, packaging, infrastructure, and petrochemical industries.
It is an online e-commerce platform focusing on the value lifestyle segment. It offers wide range of products and services related to lifestyle needs.
It is one of the leading diversified car dealerships in the nation. It has secured dealerships with top companies such as TATA Motors, Jaguar, Maruti Suzuki, etc.
It is a tech driven financial services and products company of India which focuses on digitally connected young middle class population. Navi offers insurance services and loans.
If you are looking to invest in new IPOs in April 2023, open a Demat account today with Angel One for a smooth and easy trading experience.
Disclaimer: Please note that IPO investments are subject to risks. You must research each company and align with the ones that fit your investment objectives and risk tolerance.
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