Upcoming IPOs in September 2023

An Initial Public Offering (IPO) marks a pivotal moment for companies. It’s like unlocking access to a larger pool of funds, expanding their market presence, and establishing a firm foothold in the industry. And for investors, IPOs offer a unique opportunity to invest early in potentially game-changing ventures, often with the prospect of substantial returns. It’s a win-win scenario where companies gain the resources they need for growth while investors discover promising investment prospects. In this article, check the upcoming IPOs in September 2023. 

Upcoming IPOs in India in September 2023

Here is the new upcoming IPOs list in 2023.

Ratnaveer Precision Engineering 

Ratnaveer Precision Engineering Limited is a stainless steel product manufacturer involved in producing solar roofing hooks, washers, finished sheets, pipes and tubes. Currently, they offer more than 2,500 SKUs of stainless steel washers to their customers. 

The company plans to release an IPO with a total size of 1,68,40,000 equity shares. The IPO opens on September 4, 2023, and closes on September 6, 2023. The issue type will be both fresh issue and offer for sale and will be listed on both NSE and BSE on September 14, 2023. 

Tata Technologies 

Tata Technologies is the automotive design unit of Tata Motors. It offers engineering, research, and development services in the automotive, aerospace, and software spaces in 27 countries. 

Tata Technologies plans to release 9.57 crore equity shares IPO for an undisclosed amount. Ipure offer for the sale of equity shares. The selling partners include Tata Motors, Alpha TC Holdings Pte, and Tata Capital Growth Fund-I. The IPO date has not yet been announced.

PharmEasy

PharmEasy is India’s largest digital healthcare platform based on GMV. The company offers an integrated, end-to-end platform to cater to customers’ healthcare needs across critical stages of teleconsultation, diagnostics and radiology tests, delivering treatment protocols including products and devices, etc. 

API Holdings, the parent company of PharmEasy, has filed a DRHP with SEBI for ₹6,250 crore IPO. The PharmEasy IPO is a 100% fresh issue IPO. However, the company has not released the IPO dates.

GPT Healthcare 

GPT Healthcare operates a chain of hospitals under the brand name ILS Hospital. Currently, it has 4 hospitals: 3 in West Bengal and 1 in Agartala, Tripura.  

GPT Healthcare has filed a DRHP to raise ₹450 – ₹500 crore through an IPO. The offer comprises fresh issues worth ₹17.5 crore, and the rest will be an offer for sale of up to 29.89 million equity shares.

Signature Global India

The real estate firm Signature Global India has received approval from SEBI to launch a ₹1,000 crore IPO. The IPO will comprise fresh issues of equity shares up to ₹750 crore. The remaining ₹250 crore will be an offer for the sale of shares from the existing stakeholders. Promoter Sarvpriya Securities and investor International Finance Corporation will offload ₹125 crore in shares.   

The company will utilise the net proceeds from the fresh issues to repay the debt acquired by the company and its subsidiaries.  

NSDL

The National Securities and Depository Ltd (NSDL) has filed a prospectus with SEBI to raise capital through an IPO. It is a pure offer for the sale of equities from existing stakeholders. The selling stakeholders are IDBI Bank Limited, National Stock Exchange of India, Union Bank of India, State Bank of India, and HDFC Bank Ltd. The IPO dates are not yet announced. 

Conclusion

Here are the few IPOs that are expected to be released in September 2023. For more details on the upcoming IPOs in 2023, you can get them on the Angel One App under the IPOs section. 

Although IPOs offer investors early access to companies with growth potential, due diligence is crucial. Research the company’s fundamentals, management team, and market conditions well. Assess valuation and consider any lock-up periods. Keep an eye on regulatory and legal issues and align the investment with your long-term goals.

IPOs can be profitable, but informed decision-making is essential to navigate potential risks and rewards effectively. And to invest in stocks or IPO, you need to hold a Demat account. Open a Demat account for free on Angel One. 

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