Top 5 Upcoming IPOs In India, Latest IPO Watch List 2023

IPO, Share Market

Top 5 Upcoming IPOs In India, Latest IPO Watch List 2023

Posted By: Admin
December 14, 2023 |

Upcoming IPOs 2023: In the dynamic world of finance, Initial Public Offerings (IPOs) serve as a barometer for economic health and innovation. Share Market IPO Investors eagerly anticipate the latest IPO updates as they offer a unique opportunity to invest in promising companies at an early stage. Lets explore the current landscape of IPOs, highlighting recent IPO launches in India, Upcoming IPO trend 2023, and what investors should keep in mind as they navigate this exciting market.

The upcoming IPOs in India this week and coming weeks are Shanti Spintex IPO, Muthoot Microfin IPO, Happy Forgings IPO, Mukka Proteins IPO, Motisons Jewellers IPO, RBZ Jewellers IPO, Suraj Estate Developers IPO, Trident Techlabs IPO, Mufti Menswear IPO.

The current active IPOs are India Shelter Finance IPO, Benchmark Computer Solutions IPO, DOMS IPO, S J Logistics IPO, Siyaram Recycling IPO, Shree OSFM E-Mobility IPO, Inox CVA IPO.

Siyaram Recycling Industries Limited (SIYARAM) | upcoming IPOs

SIYARAM IPO Bidding starts :14 Dec ‘23
Bidding ends: 18 Dec ‘23
SIYARAM IPO Refund initiation : 20 Dec ‘23
SIYARAM IPO Allotment finalisation :19 Dec ‘23
Demat transfer : 20 Dec ‘23
Listing : 21 Dec ‘23

Company Background – Siyaram Recycling Industries Limited (SIYARAM)

Incorporated in 2007, Siyaram Recycling is primarily engaged in

Segregation of brass scrap
Manufacturing of brass ingots, billets and brass rods and
Manufacturing of brass based components (plumbing and sanitary parts).

SIYARAM currently operates through 3 facilities, all of which are located in the district of Jamnagar, which is considered as a hub of brass components. They manufacture brass billets & ingots, brass rods and brass components (plumbing parts) from their unit-I situated at land of 4970 sq. mtrs. and the brass components (sanitary parts) are manufactured from their unit-II situated at land of 3629 sq. mtrs. And, their Unit-III, situated at land of 3346 sq. mtrs. is used for segregation of scrap. They have an installed capacity to produce 9,900 Mt for manufacturing of brass billets and ingots, 8,250 Mt for manufacturing brass rods and 3,300 Mt for Siyaram Recycling Industries Limited 87 manufacturing of brass components. Their units have requisite testing equipment to ensure that the products conform with the predetermined standards.

Current IPO in India : SIYARAM IPO Details

Current IPO in India : SIYARAM IPO Details	Upcoming IPOs 2023
Siyaram Recycling Industries Limited IPO Lot Size	3000 Shares
Siyaram Recycling Industries Limited IPO Face Value	₹10 per share
Siyaram Recycling Industries Limited IPO Issue Size	₹22.96 Cr
Siyaram Recycling Industries Limited IPO Price band	₹43 to ₹46 per share

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Inox India Limited (INOXINDIA) | upcoming IPOs

Bidding starts : 14 Dec ‘23
Bidding ends : 18 Dec ‘23
Allotment finalisation : 19 Dec ‘23
Refund initiation : 20 Dec ‘23
Demat transfer : 20 Dec ‘23
Listing : 21 Dec ‘23

Company Background – Inox India Limited (INOXINDIA)

Incorporated in 1976, INOX India Limited is India’s leading cryogenic equipment supplier. The company has over 30 years of experience in designing, manufacturing and installation of equipment for cryogenic conditions. INOX India was the largest supplier of cryogenic equipment in India by revenue in fiscal year 2023.

The company’s product portfolio includes cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions as well as large turnkey projects. The company’s products cater to various industries such as industrial gases, liquified natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilisers, aviation and aerospace, pharmaceuticals and construction.

INOX India has major clientele

Air Liquide Global E&C Solutions
All Safe Global
Baif Development Research Foundation
CRYONiQ s.r.o.
Gulf Cryo LLC
Hyundai Engineering and Construction
INOX Air Product
Carbacid (CO2)
Navin Fluorine International
National Refrigerants Inc etc.

The company has three manufacturing facilities at Kalol in Gujarat, the Kandla Special Economic Zone in Gujarat and Silvassa in the Union Territory of Dādra and Nagar Haveli. Its Kalol and Kandla SEZ facilities are ISO-certified and hold global approvals.

Why to invest in INOX India IPO?

Inox India has an order book of ₹1,036 crore as of 30 September 2023.
Between FY21 and FY23, the company’s revenue from operations rose at a CAGR of 17%.
Inox’s net profit increased by 16% during FY21 and FY23.
Demand for cryogenic equipment in India is expected to grow at a CAGR of over 7% between 2023 and 2028
Great Support driven by an increase in industrial output, investments in electronics and space sectors and the shift towards cleaner fuel sources.
Healthy financial performance with an EBITDA margin of 24%, 23% and 22% in FY21, FY22 and FY23 respectively.
High customer retention as it received 51%, 51% and 48% of its total revenue

Current IPO in India : INOX India IPO Details	Upcoming IPOs 2023
INOX India IPO Lot Size	22 shares
INOX India IPO Face Value	₹2 per share
INOX India IPO Issue Size	Approx ₹1,459 crore
INOX India IPO Price band	₹627 – ₹660 per share

Shree OSFM E-Mobility Limited | upcoming IPOs

Bidding starts : 14 Dec ‘23
Bidding ends : 18 Dec ‘23
Allotment finalisation : 19 Dec ‘23
Refund initiation : 20 Dec ‘23
Demat transfer : 20 Dec ‘23
Listing : 21 Dec ‘23

Company Background

Shree OSFM E-Mobility Limited Company is engaged in providing employee transportation services to large MNCs with a presence across major cities in India. They have over 17+ years of experience in catering to the employee transportation needs of companies in IT/ITES, Aviation and other sectors.

The company operates a largely “asset light” engagement model. Basic operating parameters are on monthly lease, per kilometre, per passenger trip and package model. Presently, it operates with a 1500+ fleet with a variety of vehicles such as Small cars, Sedans, SUVs, Luxury Cars and Buses of which 217 vehicles are owned by us and rest is leased by us from various vendors.

The Company currently has operations in 42 sites spread across Mumbai, Navi Mumbai, Pune, Bengaluru, and Kolkata. Their clients include major BPM players such as JP Morgan, Morgan Stanley, Capgemini, Accenture etc.

Products / services offering by the Company

Travel Desk Management
Roster Management Services
Logistics for Corporate Events (MICE)
Fleet Management

Why to invest in Shree OSFM E-Mobility Limited IPO?

This Company has more than two-decade long experience and client relationships. This helps the company to get repeat business from their customers. The company has been mutually value creating, stable and long-term association with their customers through products offered by them. This has helped to maintain a long-term relationship with their customers and improve their customer retention strategy.

Current IPO in India : INOX India IPO Details	Upcoming IPOs 2023
INOX India IPO Lot Size	2000 Shares
INOX India IPO Face Value	₹10 per share
INOX India IPO Issue Size	₹24.60 Cr
INOX India IPO Price band	₹65 per share

DOMS Industries Limited (DOMS) | Upcoming IPOs Dec 2023

Bidding starts : 13 Dec ‘23
Bidding ends : 15 Dec ‘23
Allotment finalisation : 18 Dec ‘23
Refund initiation : 19 Dec ‘23
Demat transfer : 19 Dec ‘23
Listing : 20 Dec ‘23

Company Background

DOMS Industries designs, develops, manufactures and sells a wide range of stationery and art products since 2006. It is India’s second-largest player in the branded ‘stationery and art’ products market, with a market share of nearly 12% by value as of FY23. DOMS markets its products through its flagship brand ‘DOMS’ and other sub-brands, including ‘C3’, ‘Amariz’, and ‘Fixyfix’.

Product Range

scholastic stationery
scholastic art material
paper stationery
Kits and combos
Office supplies
Hobby and craft
Fine art products

Company-owned manufacturing facilities is set up in Umbergaon, Gujarat and Bari Brahma, in Jammu and Kashmir. These products are distributed across pan-India through general and modern trade channels. Company also has a well established distribution network across 45 countries.

Why to invest in DOMS IPO?

In the domestic market, the company has a network of over 120 super-stockists, 4,000+ distributors and a sales team of 500 personnel.
Company covers more than 1,20,000 retail touch points over 3,500 cities and towns.
The company has an exclusive tie-up with FILA, a listed Italian multinational supplier of various ‘art materials’ and ‘stationery products.’
Between FY21 and FY23, it has seen a CAGR rise of 44% in its revenue from operations.
It has also witnessed an EBITDA margin of 7%, 10% and 15% in FY21, FY22 and FY23, respectively.

Current IPO in India : INOX India IPO Details	Upcoming IPOs 2023
INOX India IPO Lot Size	18 Shares
INOX India IPO Face Value	₹10 per share
INOX India IPO Issue Size	Approx ₹1,200 crore
INOX India IPO Price band	₹750 – ₹790 per share

Benchmark Computer Solutions Limited | Upcoming IPOs Dec 2023

Bidding starts : 14 Dec ‘23
Bidding ends : 18 Dec ‘23
Allotment finalisation : 19 Dec ‘23
Refund initiation : 20 Dec ‘23
Demat transfer : 20 Dec ‘23
Listing : 21 Dec ‘23

Company Background

Benchmark Computer Solutions Limited is an IT infrastructure solutions and technology consultancy and software development company since 1995. The Company provides end-to-end technology and technology related services including IT Infrastructure and Software Development Services. The Company provides service models such as IaaS (Infrastructure as a Service) and SaaS (Software as a Service).

Service portfolio of the company

IT Infrastructure solutions, Software
Web Based Application Development Services
Annual Maintenance Contract (AMC)
Facility Management Services (FMS) .

Why to invest in Benchmark Computer Solutions Limited IPO?

The Company has deep domain knowledge across industry sectors and technology expertise across traditional and new age technologies.
IT infrastructure management and solutions services of the company have impressive credentials.
Proven track record of successful, high-complexity delivery, customer satisfaction, and innovative IT solutions.

Current IPO in India : INOX India IPO Details
INOX India IPO Lot Size	2000 Shares
INOX India IPO Face Value	₹10 per share
INOX India IPO Issue Size	₹12.24 Cr
INOX India IPO Price band	₹66 per share

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