IPOs in January (2023): All you need to know!

Compared to 2021, 2022 has been muted year for the IPO market. As per the data available, 36 mainboard IPOs were listed on the exchanges, while 52 IPOs came in the SME segment. Of the total IPOs, 72 companies listed positively on the exchanges, while 16 reported losses against their IPO issue price. The largest IPOs for 2022 were LIC and Delhivery. Overall, the listing gains were muted for most IPOs in 2022 compared to 2021.

In 2023, experts believe that we will have a higher IPO count compared to the previous year. The data suggests that more than 55 companies have SEBI approval and are ready to launch their IPOs in the coming months. Investors can look forward to these IPOs for listing gains and long-term investing. In January 2023, we can expect decent IPOs to get listed on the exchange.

Upcoming IPOs in January

Let us look at all the companies that are coming with their IPOs in January 2023:

Puranik Builders Limited IPO: The company has decades of experience in real estate and are one of the leading real estate company in India. They provide commercial and residential solutions to customers across categories. They mostly have a presence in Pune Metropolitan Region (PMR) and Mumbai Metropolitan Region (MMR). The company plans to launch an IPO which will consist of a fresh issue of Rs 510 crore and an Offer for Sale (amount unknown). The company has reported profits in a recent financial year, but the profits have declined post-Covid.

Sah Polymers Limited IPO: They are engaged in manufacturing and selling Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, HDPE/PP woven fabrics, Woven Sacks, and woven polymers. The IPO opens on 30 December 2022, and the listing will happen in January 2022. The company will have a small market cap and falls in the micro-cap category. They have reported profits in the last three financial years.

Gold Plus Limited IPO: They are India's second largest float glass manufacturer, with a market share of 16% (FY21). In terms of sales volume for the value-added glass, they command a 30% share and a market share of 15% in the sales of clear glass. The IPO will consist of a fresh issue of Rs 300 crore and an offer for the sale of 12,826,224 equity shares. The company reported losses in FY19 and FY20, but in FY21, the company reported a profit of Rs 57 crore (approx).

OYO Rooms IPO: The company has filed an updated DRHP with the SEBI with its financial performance till the first half of FY22-23. The information suggests that the IPO can come in near future. As per the new draft, OYO's adjusted EBITDA has increased multifold in the second quarter of FY23 to Rs 56 crore from Rs 7 crore in the previous quarter. Despite the sharp increase in the EBITDA, the company is not yet profitable. In Q2FY23, the company reported a net loss of Rs 333 crore.

Hexagon Nutrition IPO: They are a research-oriented and differentiated nutrition company that sells micronutrient premixes, therapeutic products, and nutrient solutions products. Their clinical nutrition products have a presence across eminent hospitals, e-commerce players, and retail pharmacies. Through its IPO, the company plans to raise Rs 600 crore - the fresh issue of Rs 100 crore, and the remaining will be Offer for sale.

Infinion Biopharma IPO: Investors can expect IPO from Infinion Biopharma in January or early next year. The company is engaged in the business of commercialization of high-value and pharmaceutical licensing of innovative products in various therapeutic areas. It is engaged with several companies in the USA and the UK for developing innovative healthcare products. The IPO amount is not yet available. For FY19 and FY20, the company reported losses, but they reported profits in FY21.

Go Airlines IPO: The company is popularly known as Go First. They are one of the stand-out aviation companies when it comes to affordable traveling with close to two decades in the business. They are part of the Wadia Group. Go First connects more than 25 major cities and also operates in the ten international routes. Their financial data is available only till FY20, and the company has not reported profits till then.

Aadhar Housing Finance IPO: They are the largest HFC focused on providing mortgage-related loans to the lower-income group in semi-rural and rural areas. As per the CRISIL report, AHF has an AUM 1.5 times their closed competitor (31 March 2020). They have a presence in 20 stages and union territories through its 325 branches. No state accounts for more than 16.2% of gross AUM, which suggests they have a good presence in each state. The expected IPO size is Rs 7300 crore, which will consist of Rs 1500 crore of fresh issue and Rs 5800 crore of Offer for Sale.

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.