By : Sachin Gupta
In 2024, Ola Electric, the company's electric car division, is expected to make one of the much anticipated initial public offerings (IPOs). The business hopes to raise between $700 million and $800 million, meaning that its valuation would be between $7 billion and $8 billion.
FirstCry, an omnichannel retailer, had to postpone its public listing last year owing to unstable market circumstances, but it is now ready to submit its draft IPO papers in the coming days. The business hopes to raise $500–600 million from the public sale.
Flexible workspace provider Awfis Space Solutions Ltd. has filed preliminary filings with the SEBI to acquire money through an initial public offering (IPO). The proposed IPO consists of an offer for the sale of 1 crore equity shares and a new issue of up to ₹160 crore, as detailed in the DRHP filed.
The e-commerce Software as a Service (SaaS) provider Unicommerce is about to start the process of becoming public. Investment firm CLSA has been hired by Unicommerce's parent company, AceVector Limited, to manage the book-building process for the IPO.
Aakash is allegedly preparing to make its Initial Public Offering (IPO) by mid-2024. Aakash was purchased by the well-known edtech company Byju's in 2021 for a significant $950 million. Aakash is expected to develop significantly in the test-prep sector, where it now maintains a prominent position. This makes the upcoming IPO an attractive prospect for investors.
Leading player in India's digital payment space, PhonePe plans to go public in 2024–2025. At present, PhonePe is endeavoring to raise a large $2 billion capital. There is a tangible sense of excitement surrounding PhonePe's upcoming initial public offering (IPO) due to its strategic diversification across several digital payment aspects and strong development trajectory.
The Oyo Rooms resubmitted their DRHP to the SEBI via a confidential pre-filing method after the original IPO filing. But Oyo Rooms has significantly trimmed the scope of its first public offering by almost half, targeting a $400–600 billion market cap. All of that capital is anticipated to come from a primary issue.
PharmEasy is considering going public, encouraged by its impressive results. The firm, controlled by Tata, successfully raised about ₹3,950 crore through a rights offering. Assuming the Competition Commission of India (CCI) grants clearance for the rights issuance, Ranjan Pai is expected to own around 15% of PharmEasy. The reduction of debt and promotion of organic growth are the designated uses for the rights offering profits.
In 2024, Swiggy, a well-known participant in the food delivery industry, is expected to go public. The company commands a dominant position in the Indian food delivery sector, valued at $10.7 billion. A significant milestone that highlights Swiggy's remarkable development and commanding market position is the company's much-awaited IPO.
By the later part of 2024, PayU India is expected to be ready for an initial public offering. The company's significant growth and presence in the credit and payments sectors highlight the importance of its upcoming IPO in the fintech sector.
MobiKwik is reportedly working with SBI Capital Markets and DAM Capital Advisors to help with its IPO, with an audacious target of raising about $84 million. MobiKwik, one of the leading mobile wallet and purchase now, pay later service providers in India, embodies the wider trend of small and medium-sized companies choosing to go public in the Indian market.
Go Digit Insurance is backed by Canadian billionaire Prem Watsa's Fairfax Group has filed draft papers with the SEBI for a Rs 1,250 crore initial public offering (IPO) via a new issuance.