IPO 2023 Outlook: Big listings, massive fundraisings likely next year with OYO, Swiggy among others all set for market debut – Watch Video!

So far we have seen 33 IPOs in 2022 raising around Rs 55,783 crore in 2022, as the primary market this year has been sluggish and not seen the exuberance witnessed in 2021.

IPO 2023 Outlook: Big listings, massive fundraisings likely next year with OYO, Swiggy among others all set for market debut – Watch Video!
IPO 2023 Outlook, Top IPOs to watch out for in 2023, OYO Rooms, Swiggy, IXIGO, Fab India, Emcure Pharma, Primary Market, IPO Listing Fundraising - Image Source: Zee Business

Top IPOs to watch out for in 2023: With big names such as OYO Rooms and Swiggy all set to launch their initial public offer (IPO), the coming year is likely to be a big one for the primary markets, according to Zee Business Research Analyst Arman Nahar’s report.

According to Nahar, as many as 90 companies are scheduled to launch their IPOs in 2023 and may raise around Rs 1.4 lakh crore by listing on the exchanges next year. The primary market portrayed a tepid performance in 2022 as the domestic equity markets mainly remained subdued for the majority of this year.

According to Shikha Mehta, Research Analyst at Equitree Capital Advisors, “So far we have seen 33 IPOs in 2022 raising around Rs 55,783 crore in 2022, as the primary market this year has been sluggish and not seen the exuberance witnessed in 2021.”

In comparison, the year 2021 saw a fund mobilisation of nearly Rs 1.2 lakh crore raised by 63 companies, which was the best IPO year in two decades. This fundraising was mainly driven by excessive liquidity and increased retail investor participation, which spurred a persistent euphoria in the primary market.

In the coming year, popular names such as OYO Rooms (Rs 8000+ cr IPO), and Swiggy (Rs 8000+ cr IPO), to launch their IPO along with other companies like Aadhaar Housing Finance (Rs 7300 cr IPO), API Housing (Rs 6200 cr IPO), Mankind Pharma (Rs 5500 cr IPO), TVS Supply Solutions, Macleods Pharma and Bharat FIH each (Rs 5000 cr IPO).

Similarly, Shark Tank fame Namita Thapar’s Emcure Pharma is also set for IPO launch next year (Rs 4000 cr IPO), with Fab India (Rs 4000 cr IPO), IXIGO (Rs 1600 cr IPO), and Yatra (Rs 700 cr IPO).

With a big list of companies to launch their IPO, Zee Business Managing Editor Anil Singhvi said these companies' exchange debut is proportional to markets trend. He said, “If markets are good, everyone will come and if not good, nothing will come.”

Sunil Damania, Chief investment officer, MarketsMojo said that the primary market in 2022 was subdued because of negative secondary market sentiments.

He added that the situation improved in the latter half of 2022 when market indices began to rise; but, not as good as it was in 2021. From the start of 2022 to the present, the IPO market raised only 50 per cent of what it did in 2021, demonstrating the market's somber tone, Damania further said.

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Written By: Vaibhav Gautam Bansode
Updated: Mon, Dec 19, 2022
09:17 pm
Mumbai, ZeeBiz WebDesk