Upcoming IPOs in November 2024: NTPC Green Energy, Lamosaic India, C2C Advanced Systems

The Indian IPO market is buzzing with new investment opportunities, as multiple companies are set to go public this week. From mainboard IPOs to SME listings, investors have a range of options to consider. As we enter the second week of November, the market will witness three public issues opening for subscription. This lineup of upcoming IPOs in November 2024 presents investors with various opportunities to explore. Understanding each IPO’s highlights will help investors make the most of these offerings. Here’s a detailed look at the upcoming IPOs in the third week of November and what they bring to the table.

List of IPOs in November 2024 (Week 3: 18th November – 24th November)

NTPC Green Energy IPO

NTPC Green Energy Limited, established in April 2022, is a wholly-owned subsidiary of NTPC Limited specializing in renewable energy projects. Between FY23 and FY24, NTPC Green’s revenue surged by 1,094.19%, with profit after tax increasing by 101.32%. The company plans to allocate the net proceeds to fund investments in NTPC Renewable Energy Limited (NREL) for debt repayment, and for general corporate purposes. Retail investors can apply with a minimum lot size of 138 shares at ₹14,904. For sNII, 14 lots (1,932 shares) cost ₹208,656, and for bNII, 68 lots (9,384 shares) require ₹1,013,472.

Lamosaic India IPO

Lamosaic India Limited trades a variety of products, including flush doors, decorative laminates, acrylic sheets, base printing paper, and plywood. The company’s revenue rose by 75.25%, and profit after tax (PAT) increased by 102.13% between FY23 and FY24. Net proceeds from the issue are earmarked for debt repayment, increased working capital, inorganic growth, and general corporate purposes. The minimum lot size for retail investors is 600 shares, requiring an investment of ₹120,000. For HNI investors, the minimum investment is two lots (1,200 shares) at ₹240,000.

C2C Advanced Systems IPO

Onyx Biotec, incorporated in 2005, is a pharmaceutical company that specializes in sterile water for injections and contract manufacturing of dry powder injections and dry syrups. Revenue and profit (PAT) grew by 35.99% and 64.35% respectively, in FY24. Funds from this IPO will go towards facility upgrades, high-speed packaging, loan repayment, and general corporate needs. Retail investors need a minimum investment of ₹122,000, while HNIs must invest in at least 2 lots (4,000 shares), totaling ₹244,000. 

Mainboard IPOs listings this week include Mangal Compusolution on 20 November, Zinka Logistics Solution, and Onyx Biotec IPOs on 21 November. 

Don’t miss out on the top upcoming IPOs in November 2024! Stay informed with key dates and subscription details for NTPC Green Energy, Lamosaic India, and C2C Advanced Systems IPOs. Be ready to apply as soon as the subscription window opens to seize these exciting investment opportunities!