Are you looking for the best upcoming IPO in August 2023? Here we have discussed the IPOs scheduled for August and the coming months.
When a company goes public by offering its shares to investors, it initiates an Initial Public Offering or IPO. Individual investors can invest in an IPO to acquire a company’s stake and become its shareholder. Therefore, an IPO is a notable milestone for a company as it raises funds for expansion, growth, and other purposes. Moreover, IPOs are great investment opportunities for retail investors with good returns. Let’s discuss the upcoming IPOs in August 2023.
<h2>About IPOs</h2>
IPO is the process through which a private company uses to go public and sell its stocks to investors. Different types of investors can invest in an IPO, including retail investors, qualified institutional investors, anchor investors, non-institutional investors, high-net-worth individuals, etc. When a new, old, or young company decides to appear on the stock exchange listing, it seeks to raise capital by going public. New investors may purchase the company’s new shares, or the existing shareholders may sell their current shares to the public.
A company that offers its shares to the public has no obligation to repay the raised capital to the investors. The investors become shareholders in the company. That means they earn profits if the company performs well and bear losses if it fails. That is why it’s crucial to carefully choose an IPO in August 2023 to ensure success in the coming months.
<h2>What are Upcoming IPOs?</h2>
The upcoming IPO is an Initial Public Offering that has filed DRHP and is expected to open by a particular date. DRHP stands for Draft Red Herring Prospectus, a document that outlines the initial stages of an IPO process. It gives company officials and potential investors an idea of what they will find in the formal IPO prospectus, giving them time to prepare for the investment. It contains details about the company’s key facts, latest fundraising, market research, background, capital requirement, etc. While looking for an Upcoming IPO in August 2023, we can look for companies that have filed DRHP recently for the month.
Awareness of the upcoming IPOs in the stock market is important as it gives you ample time to research the companies and plan your investment strategy. Accordingly, you can make informed decisions about your IPO investments. Even if you plan to wait to invest in the IPO, you can track its performance and understand the market trends to measure its growth potential. By understanding the capital market of the new IPO in August 2023, you can time your investment in general.
<h2>List of Upcoming IPOs in 2023</h2>
Let’s discuss the new upcoming IPOs in August 2023.
- <h3>MobiKwik</h3>
MobiKwik is one of India’s leading digital financial platforms offering services like mutual funds, insurance, payment gateway, BNPL, and mobile wallet. It is a popular platform with 3.45 million merchants and over 108 million registered users. Its ₹ 1,900 crore IPO comprises ₹ 1,500 of fresh issues and ₹ 400 crore of OFS.
- <h3>Tata Technologies</h3>
Tata Technologies is a global digital services and engineering company providing solutions to industrial machinery, aerospace, and automotive sectors. A subsidiary of Tata Motors Limited, it has more than 11,000 employees in 27 countries. The company is about to issue an IPO of 95,708,984 shares with a face value of ₹ 2. With the IPO, the company plans to boost the brand’s visibility and image among its prospective and current customers.
- <h3>Ixigo (Le Travenues Technology)</h3>
Ixigo is an online travel aggregator offering flight, cab, hotel, bus, and train booking services. It also provides travel information and utility tools to help customers make smart decisions. Recently, the company acquired ConfirmTkt and AbhiBus to strengthen its business in the train and bus segments. Its ₹ 1,600 crore IPO comprises ₹ 850 crore of fresh issues and ₹ 750 crore of OFS.
- <h3>TVS Supply Chain Solutions</h3>
TVS has been providing solutions for supply chain logistics in a B2B model. Aspects like inventory planning, optimisation, production, management, procurement, and demand forecasting are some areas that the company is known for. The IPO issue size is ₹ 880 crore, priced at ₹187 – ₹197 per share.
<h2>What is the Process of Investing in an IPO Online?</h2>
Now that you know about the best upcoming IPOs in August 2023 for investment, follow these steps to invest in one online:
- Open a Demat and trading account and link it with your bank account.
- Log in to your Demat account and visit the current IPO section to select one.
- Enter the price and number of lots you wish to purchase.
- Make the payment using your preferred method.
- Click on Submit to place your bid with the stock exchange.
- You will receive a mandate alert to block the funds in your account.
- Approve the request to block the funds.
You can see the number of purchased shares in your Demat account. If not, oversubscription and application rejection might be the reasons. If the demand exceeds the supply, the issuer may distribute the shares on a pro-rata basis. They may also reject your IPO application due to reasons like incorrect details, incomplete information, insufficient balance, etc. If that happens, you will not receive any shares, and your money will be refunded.
<h3>Conclusion</h3>
Investing in IPOs presents a compelling opportunity for substantial profits. A well-performing company can yield remarkable returns, especially with smaller stock holdings. Identifying the right upcoming IPO in August 2023, poised for growth, can lead to considerable benefits as its value appreciates over time. With several promising IPOs on the horizon, swift action is crucial. Consider partnering with Religare Broking to navigate the IPO landscape seamlessly. Their expertise and comprehensive platform can guide you through the process and aid in making informed investment decisions. Don’t miss out—open a Demat account promptly to capitalise on these upcoming opportunities.
