IPOs of the Week (11th Nov,2024 - 18th Nov,2024)

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 IPOs to consider this week. As we enter the second week of November, the market will witness three public issues opening for subscription. Understanding each IPO’s highlights will help investors make the most of these opportunities. Here’s a detailed look at the week’s IPOs and what they bring to the table.

List of IPOs for This Week (11th November - 18th November)

Zinka Logistics Solution (BlackBuck) IPO

Zinka Logistics is a digital platform supporting India’s truck operators with payments, telematics, and financing solutions. With revenue up by 62% and profits by 33% in FY24, the company aims to expand marketing, bolster its NBFC arm, and advance product development with the proceeds. Retail investors need a minimum investment of ₹14,742. For sNII investors, the minimum is 14 lots (756 shares), totaling ₹206,388, while bNII investors require 68 lots (3,672 shares), amounting to ₹1,002,456.

Mangal Compusolution IPO

Mangal Compusolution, established in 2011, offers IT hardware rental solutions to diverse industries. With a revenue dip of 32.69% and profit decline of 45.21% in FY24, the company seeks fresh funds for capital expenditure and general purposes. The minimum investment for retail investors is set at ₹135,000. For HNIs, the minimum investment is 2 lots (6,000 shares), totaling ₹270,000.

Onyx Biotec 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 ACME Solar Holdings IPO and Swiggy IPO on November 13, 2024, and Niva Bupa Health Insurance Company IPO on November 14, 2024.

Don’t miss out on this week’s top IPOs! Stay informed with all the key dates and subscription details for Zinka Logistics Solution, Mangal Compusolution, and Onyx Biotec IPOs. Be ready to apply as soon as the subscription window opens and seize these exciting investment opportunities!