Last Updated on December 30, 2023 by BFSLTeam BFSLTeam
As 2023 comes to a close, several companies looking for the right opportunity to go public will finally launch their Initial Public Offerings (IPOs). All of these companies have already filed their DRHPs with the market regulator and many of them have received the final approval. By investing in an IPO, you get to be the first in line to own shares of an emerging company before they are available in the market. If you are willing to grow your capital by exploring the field of IPO investments, this blog is for you. Keep scrolling for the list of upcoming IPO for December 2023.
Table of Content
List of Upcoming IPOs in December 2023
| IPO Name | Issue Date | Price Band | Total Size |
| INOX India IPO | – | Yet to be announced | Yet to be announced |
| Vikram Solar IPO | – | Yet to be announced | Yet to be announced |
| DOMS Industry IPO | – | Yet to be announced | Yet to be announced |
| Gujarat Polysol Chemicals IPO | – | Yet to be announced | Yet to be announced |
| Rashi Peripherals IPO | – | Yet to be announced | Yet to be announced |
| OYO IPO | – | Yet to be announced | Yet to be announced |
| PayMate India IPO | – | Yet to be announced | Yet to be announced |
| Company Name | Issue Date | Price Band | Total Size |
| PharmEasy | – | Yet to be announced | Yet to be announced |
| Navi Technologies IPO | – | Yet to be announced | Yet to be announced |
| Snapdeal IPO | – | Yet to be announced | Yet to be announced |
| Imagine Marketing IPO | – | Yet to be announced | Yet to be announced |
| Mobikwik | – | Yet to be announced | Yet to be announced |
| DEE Development IPO | – | Yet to be announced | Yet to be announced |
| JNK India IPO | – | Yet to be announced | Yet to be announced |
| Veeda Clinical Research Limited | – | Yet to be announced | Yet to be announced |
| Shoora Designs Limited | – | Yet to be announced | Yet to be announced |
| Company Name | Issue Date | Price Band | Total Size |
| Indo Farm Equipment IPO | – | Yet to be announced | Yet to be announced |
| Juniper Hotels IPO | – | Yet to be announced | Yet to be announced |
| Krystal Integrated Services IPO | – | Yet to be announced | Yet to be announced |
| Asirvad Micro Finance IPO | – | Yet to be announced | Yet to be announced |
| Vibhor Steel Tube IPO | – | Yet to be announced | Yet to be announced |
| GPT Healthcare Limited | – | Yet to be announced | Yet to be announced |
| Agilus Diagnostics IPO | – | Yet to be announced | Yet to be announced |
| SRM Contractors IPO | – | Yet to be announced | Yet to be announced |
| Company Name | Issue Date | Price Band | Total Size |
| Indian Renewable Energy Development Agency Limited | – | Yet to be announced | Yet to be announced |
| TBO TEK Limited | – | Yet to be announced | Yet to be announced |
| Jyoti CNC Automation IPO | – | Yet to be announced | Yet to be announced |
| Survival Technologies | – | Yet to be announced | Yet to be announced |
| Innova Capital Limited | – | Yet to be announced | Yet to be announced |
| Arkade Developers IPO | – | Yet to be announced | Yet to be announced |
| Suraj Estate Developers IPO | – | Yet to be announced | Yet to be announced |
| Credo Brands Marketing IPO | – | Yet to be announced | Yet to be announced |
| Nandan Terry | – | Yet to be announced | Yet to be announced |
| Company Name | Issue Date | Price Band | Total Size |
| FabIndia IPO | – | Yet to be announced | Yet to be announced |
| OLA | – | Yet to be announced | Yet to be announced |
| Bajaj Energy | – | Yet to be announced | Yet to be announced |
| Jana Small Finance Bank | – | Yet to be announced | Yet to be announced |
| Azad Engineering IPO | – | Yet to be announced | Yet to be announced |
| Exicom Teleservices Limited | – | Yet to be announced | Yet to be announced |
| Popular Vehicle and Services IPO | – | Yet to be announced | Yet to be announced |
| Gemini Edibles and Fats India Limited | – | Yet to be announced | Yet to be announced |
| RK Swamy Limited | – | Yet to be announced | Yet to be announced |
What Are Upcoming IPOs?
Upcoming IPOs consist of a list of those companies which have filed their Draft Red Herring Prospectus with SEBI. Following this, these companies are either awaiting a green signal from SEBI or a favourable market to go public.
When investing in an IPO, you must stay updated with the latest trends in the stock market for the following reasons.
- Tracking the performance of upcoming IPOs will help you judge the market sentiment in different sectors and make an informed investment decision.
- You can choose the right IPO issuing company to invest in after studying the market condition and performing a comparative analysis of different companies.
List of Popular Soon-to-Launch IPOs in December 2023
Let’s take a look at the popular companies that are planning to go public in December 2023.
Krystal Integrated Services
This company will soon go public with fresh issues and an offer for sale in its upcoming IPO. According to its DRHP, Krystal Integrated Services will offer equity shares worth Rs. 1,750 million. It will also sell 1,750,000 equity shares as OFS from its shareholders. The company is yet to declare the total offer size for the shares it is launching as an upcoming IPO in India.
BLS E-Services Limited
This company is planning to sell up to 2,41,30,000 equity shares in its upcoming IPO. BLS E-Services Limited along with its underwriters have set Rs. 10 as the face value of each equity share for its upcoming IPO.
Asirvad Micro Finance Limited
This NBFC will launch fresh issue shares worth Rs. 15,000 million in its upcoming IPO. Along with its underwriters, the company has set the face value of its IPO as Rs. 10. However, it is yet to declare other important information like the price band, IPO opening and closing dates and total issue size of its shares.
Vibhor Steel Tube Limited
As per the DRHP, Vibhor Steel Tube Limited is planning to launch equity shares worth Rs. 6,647.20 lakhs as a fresh issue in its upcoming IPO. The company has yet to declare the total issue size of its shares. However, the face value is set as Rs. 10 per share by the company
Juniper Hotels Limited
As per the DRHP, Juniper Hotels Limited is planning to launch equity shares worth Rs. 18000 million as a fresh issue. The company along with its underwriters set Rs. 10 as the face value of each share.
Indo Farm Equipment Limited
Indo Farm Equipment Limited plans to launch a fresh issue and an offer for sale for its IPO. This company’s DRHP states that the company will offer 1,05,00,000 equity shares as fresh issues and 35,00,000 equity shares as an OFS. The company has yet to declare the total worth of IPO shares. However, it has set the face value of these shares as Rs.10 per equity share.
Who Can Invest in the Upcoming IPOs in December 2023?
You can invest in the upcoming IPOs in India in 2023 if you belong to the following four categories.
- Retail Individual Investors who can buy shares up to Rs. 2 lakh.
- Anchor investors who can invest in equity shares worth a minimum of Rs. 10 crore.
- Qualified Institutional Investors like public financial institutions, mutual fund houses and commercial banks.
- High Net Worth investors or Non-Institutional Investors who can invest more than Rs. 2 lakh in the upcoming IPOs.
How to Invest in Upcoming IPOs in December 2023?
Consider following the steps below to start your IPO investment journey with our trading platform.
Step 1: Navigate to Upcoming IPOs in the ‘Products’ menu.
Step 2: A new page will open wherein you will find a list of ‘Open IPOs’.
Step 3: After choosing the respective IPO you are planning to invest in, click on the ‘Apply Now’ icon next to the IPO’s name.
Step 4: Following this, a new page will open where you must verify your mobile number.
Step 5: Enter certain details like your name, Demat account number, UPI ID and the lot size. Approve payment and click on Submit or Confirm to invest in your chosen IPO.
Summing Up
Now that you know about the upcoming IPOs in December 2023, consider reading the DRHP of these companies thoroughly. This will allow you to plan a well-informed investment strategy keeping in mind your risk appetite and investment goals. Furthermore, if you are a novice investor, consider seeking assistance from a financial expert.
If you are interested in starting your investment journey with an IPO, consider exploring our online portal to learn more about upcoming IPOs. You can also open a Demat and trading account with us to start your investment journey securely.
Frequently Asked Questions
To invest in upcoming IPOs in December 2023, you must be an Indian citizen and possess a Demat account and PAN card.
To increase your chances of receiving IPO allotments, ensure to apply within the IPO closing time which is 4 pm on the closing day and try bidding on a price within the price band. Also, try bidding close to the upper limit of the price band while investing.
According to SEBI’s guidelines, you can apply only once from a single Demat account and PAN card.
There are chances for your IPO applications to get rejected if the information that you have provided is incomplete or incorrect. The application might also get rejected if you do not have sufficient funds in your bank account to invest.
Disclaimer: Investments in securities markets are subject to market risks, read all the related documents carefully before investing. No need to issue cheques by investors while subscribing to IPO. No worries for refund as the money remains in investors account. BFSL is not providing any research or investment advice and should not be construed as solicitation. Investor’s discretion is required before investing by their own informed choice or after consulting financial advisors.
Source: DRHP filed with SEBI
