Upcoming IPOs to Watch: Swiggy, Zepto, boAt, & NTPC Green Energy

The Indian IPO market has been thriving with the advent of several highprofile companies preparing to go public. These companies represent diverse industries, from techdriven wearables & food delivery to quick commerce & energy, promising to bring innovative offerings to the market. Here’s an indepth look at each company, its business model, expansion plans, & potential opportunities for investors.

Highlights

1. The Swiggy IPO details are eagerly wait as the company gears up for a major stock market debut.

2. With Zepto's IPO launch date on the horizon, investors are watching closely for early opportunities.

3. boAt's upcoming IPO in India is drawing attention, with expectations of a strong debut on the stock market.

4. NTPC Green Energy IPO marks a significant step in India's renewable energy sector, set to attract a wave of investors.

5. Among the top upcoming IPOs in 2024 India, tech and energy sectors are particularly noteworthy.

6. Swiggy’s quick commerce IPO is positioned to revolutionize the Indian stock market with a new investment trend.

7. Zepto's valuation and IPO plans are generating buzz as the startup targets substantial growth and market expansion.

8. BoAt’s anticipated stock listing in 2025 has investors curious about the brand’s longterm growth potential.

9. Renewable energy stocks in India's IPO market offer green investment avenues, with companies like NTPC Green Energy leading the charge.

10. Investment opportunities in IPOs 2024 are abundant, promising potential returns across various sectors. 

1. Swiggy: A Pioneer in Food Delivery & Quick Commerce

Business Model

Swiggy, headquartered in Bengaluru, started as a food delivery platform & has since expanded into quick commerce through its service, Instamart. Operating in over 580 cities across India, Swiggy connects consumers with a wide array of restaurant partners & grocery options, creating a comprehensive B2C marketplace for daily essentials.

IPO Details & Financials

Swiggy’s IPO, expected later in 2024, will raise approximately ₹10,500 crore, consisting of a fresh issue of ₹3,750 crore & an offerforsale component valued at ₹6,664 crore. Swiggy reported strong growth, with operating revenue rising 36% in FY24 to ₹11,247 crore. Notably, its losses have been cut significantly from ₹4,179 crore in FY23 to ₹2,350 crore in FY24, highlighting improvements in operational efficiency.

Market Potential

Swiggy’s quick commerce business is growing rapidly, although it faces fierce competition from players like Blinkit & Zepto. This IPO offers investors a chance to tap into India’s burgeoning online food delivery & quick commerce market, which is projected to grow significantly as more consumers rely on digital platforms for convenience.

2. Zepto: FastPaced Growth in Quick Commerce 

Business Model

Zepto, founded with a focus on quick commerce, has risen to prominence by offering ultrafast deliveries of groceries & essential items. Zepto operates through a network of dark stores, which allow for swift lastmile deliveries & improved inventory management.

IPO Details & Financials

Expected to debut on the market in 2025, Zepto aims to raise between $450 million & $500 million. The company has been valued at around $5 billion following recent funding rounds, positioning it strongly among quick commerce players. With robust growth & a move to shift its headquarters back to India, Zepto is enhancing its appeal for domestic investors.

Market Potential

Quick commerce is expected to expand as companies like Zepto build a strong presence in Tier II cities & beyond. The competition among Zepto, Swiggy Instamart, & Blinkit underscores the fastpaced evolution of India’s grocery & essentials delivery market, which could offer solid returns for investors.

3. BoAt: Expanding Beyond Indian Shores

Business Model
 

boAt, known for its audio wearables, has dominated the Indian market by delivering stylish, affordable, & durable consumer tech products. With a directtoconsumer model that emphasizes branding & a strong digital presence, boAt has become one of India’s leading consumer electronics brands.

IPO Details & Financials

boAt is preparing for an IPO in 2025, marking its entry into the public markets after years of rapid growth. The company is enhancing its market position with global expansion, starting with its debut in the UAE. This move aligns with boAt’s strategy to build an international footprint, which could offer investors exposure to new growth opportunities.

Market Potential

boAt’s appeal lies in the booming wearables market, which is seeing increasing adoption due to the proliferation of digital content, remote work, & fitness trends. boAt’s strong brand presence & plans for international expansion make it an exciting option for investors looking to invest in consumer technology.

4. NTPC Green Energy: A Play on India’s Renewable Future

Business Model

As a subsidiary of NTPC Ltd., NTPC Green Energy focuses on renewable energy projects, contributing to India's ambitious green energy goals. The company engages in the development, construction, & operation of renewable energy assets, including solar & wind power projects.

IPO Details & Financials

NTPC Green Energy’s upcoming IPO, expected to raise around ₹10,000 crore, is anticipated to be one of the largest in the renewable energy sector in recent years. Given the government's push towards increasing the share of renewable energy in the country’s energy mix, NTPC Green Energy’s IPO presents a timely opportunity for investors seeking exposure to green infrastructure.

Market Potential

With India’s target of achieving 175 GW of renewable energy capacity by 2025, NTPC Green Energy is positioned as a major player in the sector. The company’s projects & government backing make it a potentially stable & rewarding investment for those interested in sustainable growth.

Investment Outlook

These upcoming IPOs represent a spectrum of opportunities across established & emerging industries. Each company has its unique strengths, growth strategies, & challenges, which investors should evaluate in the context of their investment goals & risk tolerance.

1. Swiggy & Zepto offer exposure to the highgrowth quick commerce market, with each employing distinct models & expansion plans.

2. BoAt appeals to consumer technology enthusiasts looking for exposure to wearables & international market expansion.

3. NTPC Green Energy caters to those interested in sustainable investments in renewable energy, backed by India’s green initiatives.

Conclusion

These IPOs underscore the diversity & dynamism in India’s business landscape, making it a promising period for primary market investors.