IPOs in April (2023): All you need to know!
In 2022, 36 mainboard IPOs were listed on the exchanges, and 52 IPOs listed in the SME segment. Of the total successful IPOs in 2022, 72 companies had a positive listing, and 16 reported losses against the IPO issue price.
In 2023, market experts believe there will be many more IPOs from April onwards. In the first quarter of 2023, however, we have not seen any major IPO. The market data show that over 55 companies have SEBI approval. They are expected to come with their IPO in April 2023 and beyond.
The overall market sentiments are negative, and the market is looking for direction. Once the macroeconomics improves, investors can look forward to more IPOs for long-term investing and listing gains. In April 2023, investors can expect decent IPOs to get listed on the exchanges.
|Company Name||IPO Size (Rs cr)||Upcoming IPO Date|
|Avalon Technologies||865||3 April 2023|
|Signatureglobal (India) Limited||1000||2023|
|Gold Plus||300 + OFS||2023|
|Northern Arc Capital Ltd||300||2023|
|Penna Cement Industries Limited||1550||2023|
|CMR Green Technologies||300 + OFS||2023|
Upcoming IPOs in April 2023
Let us look at all the companies that may come with their IPOs in April 2023:
Avalon Technologies: It is the second major IPO of 2023, with an issue size of Rs 865 crore. Avalon Technologies is a leading integrated Electronic Manufacturing Services company that provides end-to-end capabilities in delivering box-build solutions in India. They are one of the leaders in the segment in terms of FY22 revenue. The IPO opens for subscription on 3rd April and will have Rs 320 crore as a fresh issue and Rs 545 crore as an Offer for Sale. The company is a profit-making company - you can check the detailed report here.
Signature Global (India) Limited IPO: The company started operations in 2000, and they work in the real estate sector. It operates in the National Capital Region of Delhi (NCR). They offer mid-segment and affordable housing in terms of the unit supplied. They aspire to offer 'value homes', which are a combination of attractive designs and amenities. Investors should note that the company has reported losses in the last three financial years. The IPO will consist of an Offer for Sale of Rs 250 crore and a fresh issue of Rs 750 crore.
Tata Technologies IPO: Tata Technologies is a subsidiary of Tata Motors. They work with clients across sectors such as aerospace, automotive, industrial heavy machinery, and other industries. The company has filed DRPH with SEBI - as per the document Tata Motors plans to sell 8,11,33,706 Tata Technologies shares that the company acquired at Rs 7.40 apiece. Investors are looking forward to it as it will be the first Tata Group IPO since 2004 when the TCS IPO hit the market. The company is profitable, and the PAT increased 1.5 times from FY20 to FY22,
Gold Plus Limited IPO: The company is the second-largest float glass manufacturer in India. It has a total market share of nearly 16% (FY21). For the value-added glass, Gold Plus commands a 30% market share in terms of sales volume, and a market share of 15% in the sales of clear glass. The IPO is expected to come in 2023 with a fresh issue of Rs 300 crore and an OFS of 12,826,224 equity shares. The company reported losses in FY19 and FY20. However, in FY21, the company reported Rs 57 crore profit (approx).
Northern Arc Capital Ltd IPO: They are into financial services - an NBFC that specializes in meeting the credit needs of underserved families and enterprises by providing loan financing. The IPO is attractive because its three primary offerings increased at a CAGR of 56.12% over the last 10 years. The concerns are around the falling revenue and profit from FY19 to FY21. They have a Nimbus technology system, which they developed themselves, enabling them to expand their commercial options while also improving productivity.
CMR Green Technologies IPO: They are one of the largest producers of Zinc and Aluminium die-casting alloys in India. They have a combined annual production capacity of over 310,700 MT. The company started its business in mid 2000s - it added its first plant in Tatarpur (New Delhi). The company operates from 12 manufacturing facilities - 10 are aluminium recycling operations. Their IPO will consist of a fresh issue of Rs 300 crore and an OFS of up to 33,414,138 equity shares. The company reported losses in FY19 and FY20 and turned positive in FY21.
Penna Cement Industries Limited IPO: They have over two decades of experience in the business and are one of the leading players in integrated cement production. The company has a strong brand recall in western and southern India and Sri Lanka with strategically located manufacturing units and an extended distribution channel. Between 2021 and 2026, the blended cement segment is expected to grow 8-9% CAGR. The profit has not been consistent between 2019 and 2021.
OYO IPO: The company has filed for fresh DRHP for primary fundraising of $400 - $500 million. They have taken a confidential pre-filing route to change the fresh issue size. OYO reported a loss of Rs 333 crore during Q2FY23, down nearly 20% from Rs 414 crore in Q1FY23. The company has reported its first positive adjusted EBITDA of Rs 63 crore, a 69% increase in monthly booking value (GBV per month), and a 24% year-on-year jump in revenue for its hotels in H1 FY2023.
Haldiram's IPO: The company is the market leader when it comes to traditional snacking in Indian markets. Founded in 1937 in Bikaner, Rajasthan, the company has since expanded its presence to over 80 countries worldwide. As of the latest financials available, Haldiram's reported a revenue of INR 6,450 crore in the financial year 2020-21. The company has been experiencing steady growth, with a compound annual growth rate (CAGR) of around 15% in the past few years.
Byju's IPO: The company is among the top valued startups of the country. It was founded in 2011 by a teacher Byju Raveendran and quickly scaled, riding the rising tide of demand for online education in India, especially during the pandemic. The company in FY22 recorded revenues of Rs 10,000 crore. The company's valuation as on 2022 was around $22 billion.
Mankind Pharma IPO: Mankind Pharma is a well known pharmaceutical company in India which makes antibiotics, to gastrointestinal and cardiovascular medicines. The company is known for its sexual health products such as Manforce Condoms and Prega News. The company had reported an operational revenue of Rs 7,781.56 crore in the financial year ending March 31, 2022, up 25% over the previous year. It reported a profit of Rs 1,452.96 crore in FY21.
Dream11 IPO: Dream11 is a popular online fantasy sports platform that was founded in 2008 by Harsh Jain and Bhavit Sheth. It is a game of skill that allows users to create their own virtual teams by selecting real-life players from various sports, including cricket, football, basketball, and more. The company's revenue for FY22 increased by 47% compared to the previous year, reaching INR 4,065 crore (approximately USD 548 million). The company also reported a net profit of INR 469 crore (approximately USD 63 million), which was a significant increase from the previous year's net loss of INR 67 crore.
These are some of the new IPOs for April 2023. It is essential to note that these are tentative company names, the actual listing may be different.
This is not investment advice. Investments in the securities market are subject to market risk, read all the related documents carefully before investing. Past performance is not indicative of future returns.
What are upcoming IPOs in 2023?
Companies like Gold Plus Ltd, Avalon Technologies Limited IPO, and Aadhar Housing Finance are expected to come with their IPOs in 2023. Other companies that may come with IPOs are OYO Rooms, Tata Technologies, etc.
Which IPO is coming next?
Avalon Technologies Limited will be the next IPO that will come in April.
Should new investors invest in an IPO?
IPOs present opportunities for long-term gains and listing to investors. However, investors must have a clear approach and understand the risk before subscribing (investing) to an IPO.