Upcoming IPOs in June 2023

Investors always look for new IPO announcements on the exchange. It is primarily for the long and short-term benefits that come with IPO investment. A company receiving fresh capital is likely to hit the growth path, promising opportunities for long-term capital gain. Secondly, you can profit in the short run by capitalising on listing gains. However, before investing in any IPO, it is important to educate yourself on the risks involved. For example, it is difficult to gauge the potential of a new company that doesn’t have any trading history. Investors will solely have to rely on the fundamental data available to base their decisions. However, in recent times, the Indian IPO market has delivered a stable performance, which has prompted more investors to participate in the segment. 

Let’s see which companies are on the list of upcoming IPOs in June 2023. We recommend that you research each company thoroughly before investing. 

We will keep updating this IPO calendar June 2023 as new information comes in. So, keep visiting the page from time to time. 

Oravel Stays Ltd.

Oravel Stays is more commonly known as Oyo. The company is involved in providing affordable, short-duration stays. Incorporated in 2012, Oyo focuses on closing the gap between demand and supply in the hospitality industry. Besides Indian cities, Oyo also provides accommodation solutions in Malaysia, Indonesia, and Europe.

Oyo is one of the most anticipated upcoming IPO in 2023. However, the company hasn’t confirmed the date of release yet. Oyo has filed with the regulatory body to issue an IPO worth Rs. 7,000 crore. It will be a combination of fresh shares and an offer for the sale of equities by the current shareholders. 

One Mobikwik Systems Ltd.

One Mobikwik is a digital payment company that facilitates digital payments through mobile wallets. BNPL (Buy Now, Pay Later), and payment gateways (Zaakpay). From local stores to e-commerce websites, food delivery portals, and petrol pumps, Mobikwick payment options can be used at a variety of points. 

Mobikwik is one of the early players in India’s digital payment domain and one of the largest fintech players. It has filed a DRHP (Draft Red Herring Prospectus) to haul Rs. 1,900 crore through the public route. 

Tata Technologies Ltd. 

Tata Technologies is a Tata Group company and a subsidiary of Tata Motors. The company provides outsourcing engineering and digital transformation services to global clients. 

Tata Technologies IPO is an offer for sale (OFS) issue. Tata Motors has announced that it will offload 9.57 crore shares in Tata Technologies. It is the first Tata Group IPO after a gap of 19 years.   

Aadhar Housing Finance Ltd.

Aadhar Housing Finance Ltd. is one of the leading housing finance companies, offering affordable lending solutions to prospective homebuyers. According to a report by CRISIL, Aadhar has an AUM size that is 1.5 times the second largest in the peer group. 

The company has planned to raise Rs. 7,300 crore through an IPO. The dates are not yet published.  

Le Travenues Technology Ltd. (Ixigo)

Ixigo is a tech company that assists customers in purchasing air, train, and bus tickets and booking hotels. They are one of the most prominent players in the travel industry in the country. It provides its customers with a platform, powered by AI, to compare and find the best travel solutions. The travel platform had 37.48 million active users on March 31, 2021. 

According to the DRHP, the company has filed to raise Rs. 1,600 crore in an IPO. It consists of fresh issues worth Rs. 750 crore and an offer for sale of Rs. 850 crore.

Final words

IPOs are sensitive to investors’ sentiment. If the overall market sentiment is positive, more IPOs will hit the market. Similarly, the opposite situation will play out if there are uncertainties among investors. Before betting on any IPO, always do research and gather as much information as possible about the company and the industry as a whole. Although the overall Indian market condition is stable, global economic cues might impact Indian and foreign investors’ interest in new investment offers. However, if you want to invest in any of the new IPOs in June 2023, open a Demat account with Angel One, one of the fastest-growing fintech companies in the country.

Disclaimer: This article has been written for educational purposes only. The securities quoted are only examples and not recommendations.