Upcoming IPO 2024
Check the list of upcoming IPOs in 2024 with open and close dates along with IPOs that are tentatively expected to open in the coming months.
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IPO Synopsis Fincare Small Finance Bank has filed its DRHP with SEBI worth Rs.1,330 crore. The issu…
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National Securities Depository Limited (NSDL) has recently filed a draft DRHP with market regulator …
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Float glass maker Gold Plus Glass Industry Ltd has filed preliminary papers with capital markets reg…
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DRHP-filed IPOs that will go public in the next week or month are 2024’s upcoming IPOs.
Initial public offerings (IPOs) are yet to see as strong an investor interest as they have in recent years. According to data, this year's total collection for new IPOs has already surpassed the INR 100 lakh crore mark. With less than a month until the end of the year, investors may see comparable investor interest in subsequent latest IPOs.
The process through which a private business becomes public is known as an IPO. When a corporation goes public, it engages with investment banks to introduce its shares to the public market, necessitating thorough due diligence, advertising, and regulatory compliance. Selling shares is equivalent to selling a piece of the company's equity to investors.
The initial offering is reserved for major investors like hedge funds and banks. Thus, purchasing shares in an upcoming IPO becomes challenging. Common investors can buy shares in a new IPO firm soon after the IPO.
Markets are of two types: primary markets and secondary markets. Primary markets issue the Upcoming IPOs.
Upcoming IPOs are IPOs that are have filed DRHP and are expected to open in the coming week or month of 2024.
IPOs have seldom witnessed such heavy demand from investors as they have in previous years. Data shows that the combined collection for IPOs has well crossed the INR 100 lakh crore mark this year. And, with a month to go before the year ends, investors might experience similar investor participation in upcoming IPOs.
The Securities and Exchange Board of India (SEBI) allows four categories of investors to bid for shares during any upcoming IPO process.
Qualified institutional investors (QII): QIIs include commercial banks, public financial institutions, mutual fund firms, and foreign portfolio investors registered with SEBI. Underwriters attempt to sell IPO shares at a profit before the Upcoming IPOs. SEBI requires institutional investors to sign a lock-up contract for 90 days to guarantee minimum volatility throughout the IPO process.
Anchor investors: QIIs who apply and have assets worth more than Rs 10 crore is considered an anchor investor. They can purchase up to 60% of the shares reserved for qualified institutional investors.
Retail investors: These investors can invest up to Rs. 2 lac in each new IPO lot. The retail quota requires a minimum allocation of 35%. SEBI has mandated that if the offer is oversubscribed, all retail investors be issued at least one lot of shares. A lottery system is used to distribute IPO shares to the general public if distributing one lot to each investor is impractical.
High-net-worth individuals (HNIs) or non-institutional investors (NIIs): HNIs make more than Rs 2 lakh investments. Non-institutional investors are institutions that seek to invest more than Rs 2 lakh. The only distinction between a QII and an NII is that the latter is not required to register with SEBI.
1. Pick the IPO that you want to invest in
Investing in an IPO necessitates study since we may lack previous data on performance, management, and other critical basic variables. Deciding which IPO to invest in is an important first step. Every company that announces an IPO distributes a prospectus to the public, which contains information about the firm's operations and future intentions. Before making a choice, thoroughly read this prospectus and research the firm.
2. Create the Necessary Accounts
To invest in a fresh IPO and later trade it on the secondary market, you'll need the following three accounts:
- Demat account: Your shares are kept in electronic form in a Demat account.
- It is essential to fund your stock market operations. A bank account might be helpful when applying for an IPO. Almost all net-banking systems allow you to apply for IPOs using the Application Supported by Blocked Amount (ASBA) feature.
- Trading account: A trader can purchase and sell stocks through a trading account.
3. What happens when you submit an IPO application?
After submitting an IPO application, your bank account will be debited (blocked) for the amount you choose to invest. Your balance will still show the amount, but you cannot spend it since it is blocked. If you are issued the shares, the cost will be deducted from your account after the complete distribution. If you did not obtain any shares in the IPO, the funds will be released and made available for use.
The best way to increase your chances of IPO allotment is to apply with multiple demat accounts. Multiple applications can increase the odds of IPO allotment. You need to bid at the highest price, every IPO comes with a price band, with cut-off referring to the highest price within the band. Third thing to remember is, Do Not Wait For The Final Day - Investors often wait for the HNI and QIB subscription figures to determine investor sentiments before investing themselves. However, generally, banks accept applications only up to 4 PM, and if you submit after the specified time on the final day of the IPO, your application might get rejected. And lastly, invest in the parent company by applying in the shareholders category. If the IPO is launched by a company whose parent company is already listed on exchange(s), you can get higher chances of IPO allotment by applying through the ‘Shareholder’ category.
Read our blog on How to Increase Your Chances of IPO Allotment to know such interesting details.
Any Indian citizen with a PAN card can open a Demat account and can apply for an IPO in India. While you do not need a trading account to apply for an IPO, you may need to sell your holdings if the IPO is credited to your account.
Besides the eligibility, you must also research the company you wish to invest in. While previous year has so far been a great year for IPOs, some companies have still shown a lackluster performance. Hence, proper research is vital before investing in an IPO.
UPI as a payment option - Fill in the bid details in the application form and process with your UPI ID. IF you do not have a UPI Id, create one, find here the list of Banks on UPI. You can use your UPI ID to apply with three options, read here to know the New Process for applying in IPO using UPI ID
A Bank Account - ASBA (Application Supported by Blocked Amount) is another option to apply for an IPO. However, you cannot apply for an IPO if your account does not have a sufficient balance.
To help you plan your IPO investments better, check the upcoming IPOs in 2024. Big names like Puranik Builders, FabIndia, TVS Supply Chain Solutions and Oravel Stays (OYO) are expected to issue IPOs in 2024.
Established in 1990, Puranik Builders is an entity involved in the development of the residential and commercial real estate. Concentrated primarily in the Mumbai Metropolitan Region and the Pune
Metropolitan Region, the company has completed around 35 projects to date. With over 17 more projects in the pipeline, Puranik Builders is hoping to raise Rs. 510 crores via an upcoming IPO.
Backed by Wipro’s Azim Premji, FabIndia is a retail clothing brand with both an online and an offline presence. The company had filed its DRHP a long while back but is planning to raise around Rs. 500 crores via a fresh issue of shares in early 2023.
Earlier known as Tata Sky, Tata Play is India’s largest satellite television operator with over 19 million subscribers and counts Walt Disney Co. as a major investor. The US entertainment giant is looking to offload its entire shareholding of 29.8% in Tata Play IPO.
The company is a contract research and manufacturing services (CRAMS) focused speciality chemicals manufacturer in India. It is one of the few speciality chemical firms in India manufacturing select products from the heterocyclic and fluoro-organic product groups for sale in India and abroad.
Hexagon Nutrition is a fully-integrated, research oriented pure-play nutrition company. Its product portfolio addresses a broad spectrum of aspects such as fortification of foods, therapeutic nutrition, clinical nutrition and alleviation of malnutrition.
Inspira Enterprises is an enterprise solutions provider, owned by the Prakash Jain family. The Rs.800 crore IPO comprise of a fresh issue of Rs.300 crore and an offer for sale (OFS) of Rs.500 crore. The fresh issue proceeds will be used by the company for working capital purposes and also for repayment of debt. It offers wide solutions cross verticals.
Sahajanand Med Tech has filed for an initial public offering (IPO) in the amount of Rs.1,500 crore with SEBI. The company is a major medical device firm that specialises in the research, development, production, and marketing of vascular devices all over the world.
The Rs.1,900 crore IPO of MobiKwik comprises of a fresh issue of Rs.1,500 crore and an OFS of Rs.400 crore. The issue was to be launched in the Dec-21 quarter but was postponed after the weak listing of Paytm. MobiKwik offers a robust payment wallet as well as a special BNPL (buy no pay later) digital plan for customers and for merchants.
The Rs.1,330 crore IPO of Fincare SFB will comprise of a fresh issue of Rs.330 crore and an offer for sale (OFS) of Rs.1,000 crore. Fincare also offers its services to the largely unbanked population and will use the fresh funds to boost its Tier-1 capital base so as to facilitate easy loan book expansion in the future.
The IPO of Skanray Technologies will comprise of a fresh issue of Rs.400 crore and an offer for sale of 141.06 lakh shares with price to be decided. The company focuses on the Indian medical devices market and designs, develops and manufactures medical devices.
The Rs.1,550 crore IPO will comprise of a fresh issue of Rs.1,300 crore and an offer for sale of Rs.250 crore. This is the second attempt of this Hyderabad based cement company and will be used to reduce debt and for expansion.
One of India’s earliest and most successful hospitality start-ups in the digital rooms business, is planning to tap the market for raising Rs.8,430 crore. However, it is possible that the company may settle for a smaller price and lower valuations. The IPO will comprise of Rs.7,000 crore of fresh issue and Rs.1,430 crore of offer for sale by existing holders.
Trending News about IPOs
Frequently Asked Questions
TVS Supply Chain Solutions, FabIndia, Oravel Stays (OYO), Le Travenues Technology (Ixigo), Sahajanand Medical Technologies, Penna Cement, Honasa Consumer (MamaEarth), Survival Technologies, Fincare Small Finance Bank are some IPOs waiting to be listed.
To prepare for the future IPOs, begin by researching the company, its industry, and future growth prospects. Read the IPO prospectus carefully to grasp the company model, financials, and hazards. Keep track of market trends and how similar IPOs have done recently. If you do not already have a Demat and trading account, open one and confirm that the funds are ready. Set a clear investing plan, whether you want long-term growth or immediate market gains.
The minimum investment for retail investors is generally between INR 14,500 and 15,500. The maximum investment is restricted to INR 2 lakh.
Yes, you have to enter the Demat account number when you apply for an IPO online. You will also need a trading account to sell your holdings conveniently
API Holdings, Go Airlines, Prudent Corporate Advisory Services Ltd., Infinion Biopharma Ltd., are some companies that have filed the DRHP.
A Draft Red Herring Prospectus (DRHP) is a mandatory requirement for companies launching their IPOs through the book building process. It is a registration document containing information about its business, including its promoters, financials, business risks, business strengths, and competitive advantages. A DRHP is a must-read for investors willing to invest in an IPO.
DRHP contains vital information about a company’s nature of business, risks, opportunities, and reasons to invest. A DRHP is prepared by a merchant banker appointed by the company launching the IPO. Red Herring Prospectus (RHP) is an extension to the DRHP containing additional details about the IPO, such as the IPO dates, price, financials, and is often considered the IPO Final Prospectus.
Read in detail about Difference between DRHP and RHP
Yes. All intelligent investors invest in IPOs consistently. While some IPOs list at a discount, most IPOs list at a premium. Hence, by participating in all open IPOs, you can increase the chances of making a profit. However, before investing in an IPO, you must read the DRHP properly to make an informed decision.
A quick scan of the top IPOs in 2021 shows that a majority of them have delivered higher returns than many other financial instruments. However, IPOs also list at a discount. You may check the Grey Market Premium (GMP) of an IPO to estimate its price at the time of listing.
To apply for an IPO online, first log in to your online account or register if you don't have one. Navigate to the IPO tab, select the desired IPO from the current list, and enter the lot size and bid price. To increase allotment chances, consider bidding at the cut-off price. Next, enter your UPI ID and submit the bid. Approve the transaction via your UPI app, and the application money will be blocked until the IPO allotment date.