Upcoming IPO – List of Upcoming IPOs in India

The most recent list of IPOs that could soon be available on the IPO market is provided below if you’re searching for the list of upcoming IPOs in India in 2023. The companies that have submitted DRHP and RHP are on the list of upcoming initial public offerings (IPOs) and will probably list on the main market in the first few months of 2023. Let’s examine the List of Upcoming IPOs in India 2024 that investors have been looking forward to.   

What is an IPO?

An IPO is a process that helps to make a privately held company public. When a company goes public, it works with investment banks to list its shares on the open market. That means it has to do extensive research, run ads, and follow all regulations. Selling stocks to investors is the same as selling them a portion of the company’s equity.

Banks and hedge funds are among the large investors who are excluded from the initial sale. As a result, buying stock in an impending IPO becomes difficult. Soon after the IPO, regular investors can purchase shares from the best stock broker in India. Primary markets and secondary markets are the two categories of markets. The upcoming IPOs are issued by primary markets.

What are Upcoming IPOs? List of Upcoming IPOs in India 2024

DRHP-filed IPOs scheduled to open in the upcoming week or month of 2023 are referred to as upcoming IPOs. Investor demand for IPOs has become as high as it has been in recent years. According to research, this year’s total revenue from initial public offerings has already surpassed INR 100 lakh crore. Additionally, investors may see comparable investor involvement in impending initial public offerings (IPOs) with one month remaining in the year. So, below is the List of Upcoming IPOs in India 2024. 

Net Avenue Technologies Limited IPO  

The subscription period for Net Avenue Technologies’ initial public offering (IPO) began on November 30, 2023, and ended on December 4, 2023. On Thursday, December 7, 2023, the allocation of shares for the Net Avenue Technologies IPO is scheduled to be completed. The proposed listing date for Net Avenue Technologies’ initial public offering (IPO) on NSE SME is Tuesday, December 12, 2023.

The pricing range for Net Avenue Technologies’ IPO is ₹16 to ₹18 for every share. An application must have an initial lot size of 8000 shares. Retail investors are needed to make investments of an initial amount of ₹144,000. HNI requires a minimum investment of two lots (16,000 shares), or ₹288,000, as a lot size.

Allied Blenders and Distillers Limited IPO 

The issue consists of a Rs 1,000.00 crore new issuance and a Rs 1,000.00 crore offering for sale. Dates for Allied Blenders’ IPO are not yet available. The pricing ranges for Allied Blenders’ IPO are not yet known.

DOMS Industries Limited IPO  

The book-built issue of INR 1,200.00 crores for DOMS IPO. The issuance includes an offer to sell Rs 850.00 crores and a new issue of ₹ 350.00 crores. Dates for the DOMS IPO are not yet available. The price ranges for the DOMS IPO are not yet known.

Muthoot Microfin Limited IPO 

The issuance consists of an offer to sell Rs 400.00 crores and a new issue of Rs 950.00 crores. Muthoot Microfin Limited, a microfinance organization that was founded in April 1992, focuses on rural India and offers microloans to women mostly to generate income. Regarding market share, it is the biggest MFI in the List of Upcoming IPOs in India 2024.

Accent Microcell Limited IPO 

The Accent Microcell IPO is a Rs 78.40 crore book-built offering. The 56 lakh shares are being issued fully anew. The subscription period opens on 8 December and ends on December 12, 2023. On Wednesday, December 13, 2023, the allocation of shares for the Accent Microcell IPO is set to be completed. The Accent Microcell Initial Public Offering (IPO) is scheduled to go live on NSE SME on Friday, December 15, 2023.

The price range for Accent Microcell’s IPO is ₹133 to ₹140 every share. An application must have a minimum lot size of 1000 shares. Retail investors have to invest an initial amount of ₹140,00. HNI requires a minimum investment of two lots, or 2,000 shares, totaling ₹280,000.

Sheetal Universal Limited IPO  

The subscription period for the Sheetal Universal IPO begins on December 4, 2023, and ends on December 6, 2023. The proposed listing date for Sheetal Universal IPO is set for Monday, December 11, 2023, on NSE SME.

The IPO price of Sheetal Universal is ₹70 for every share. An application must have a minimum lot size of 2000 shares. Retail investors must make investments of a minimum of ₹140,00. HNI investments require a minimum lot size of two lots, or 4,000 shares, comprising ₹280,000.

Balaji Speciality Chemicals

Balaji Speciality Chemicals, an Indian maker of specialty chemicals, plans to raise ₹425 crores through an initial public offering (IPO). It includes a fresh ₹250 crores issuance and the offering of up to 2,60,00,000 equity shares at ₹2 each.

EbixCash

EbixCash’s IPO will only include new issues of ₹6000 crores at a price of ₹1. EbixCash, a technology-enabled supplier of digital goods and services in the B2C, B2B, and financial service sectors, hopes to collect ₹6000 crores.

ESDS Software

The IPO of the cloud computing company ESDS Software Solution, which would include a new issue of ₹322 crores and the offering of up to 21,525,000 equity shares at a price of ₹1 each.

VLCC Healthcare

One of the top providers of wellness and beauty goods and services, this Best commodity broker in India plans to raise crores through an initial public offering (IPO) that would include an additional ₹300 crores and the offering of up to 8,922,672 equity shares at ₹1 each.

GPT Healthcare

Through an IPO that includes a new issue of ₹17.5 crores and the offering of up to 3,804,700 equity shares at a price of ₹10 each, GPT Healthcare hopes to raise ₹500 crores.

Snapdeal

Snapdeal, the biggest pure-play value online retailer in India, is owned by Snapdeal Limited. It is the most downloaded pure-play value online shopping app on the Google Play Store, with more than 200 million downloads. The best stock broker in India intends to raise more capital through OFS and conduct its IPO through a fresh offering of ₹1250 crores.

OLA

Overtaking Uber, OLA has grown to become India’s biggest ride-hailing aggregator. The company promised to be successful in 2021 when it also joined the electric vehicle industry by producing electric two-wheelers. The ride-hailing startup is projected to issue shares worth Rs 2000 crores.

Swiggy

SoftBank Group is backing BYJU’s Indian food delivery startup Swiggy, which has begun preparing for an initial public offering (IPO) in early 2019 with a goal of at least $800 million. In January 2022, the food delivery company held a financing round wherein its valuation increased to $10.7 billion. Instamart, Swiggy’s grocery delivery service, is an extension of its food delivery business that extends its dominance over the Indian delivery industry.

How can I apply for an IPO?

• Choose the issue from the current IPO area after logging into your account 
• Enter the amount of lots and the cost you would want to apply for
• After inputting your UPI ID, press submit. With this, the platform will receive your bid.
• If you accept the authorization request on your UPI, funds will be blocked.
• You will get a mandate message to block money in your UPI app.

Who can invest?

When an IPO is about to take place, the best stock broker in India permits bids from four types of investors.

• Qualified institutional investors (QII): Commercial banks, mutual fund companies, public banks, and foreign portfolio investors with SEBI registration are examples of QIIs. Before future IPOs, the Best commodity broker in India try to market IPO shares for a profit. Institutional investors must sign a 90-day lock-up contract with SEBI to ensure that there is as little volatility as possible during the IPO process.
• Anchor investors: A QII with assets over Rs 10 crore is deemed an anchor investor upon application. Up to 60% of the shares designated for eligible institutional investors may be acquired by them.
• Retail investors: Every new IPO lot allows such investors to invest up to Rs. 2 lac. Three-quarters of the retail quota must be allocated at minimum. According to a mandate from SEBI, all retail investors must get at least one lot of securities if the offer is oversubscribed. If it is not possible to issue one lot of IPO shares for every investor, a lottery technique is utilized to distribute shares to the general public.
• HNIs or NIIs: HNIs invest over Rs 2 lakh. Institutions looking for investments of more than Rs 2 lakh are considered non-institutional investors.

What Benefits Do IPOs Offer the Issuing Company?

The following is a list of benefits of an IPO provided by the best stock broker in India:

Exit opportunity

The Best commodity broker in India would have made long-term investments in the business. For stakeholders, an IPO represents an enormous way out. It allows them to get their money back from their investments or, at the absolute least, liquidate the money they have invested in the business.

Increases Equity

A business needs to increase the number of its clients to grow. Exposure can be obtained through an IPO since it puts the business in the public eye. For a corporation to be considered credible in the completion of an offering, it must go through a thorough inspection.

Decreased total cost of capital

The cost of financing is one obstacle that a new or expanding business must overcome. An initial public offering (IPO) does not require higher interest rates or ownership, which are costs associated with raising money from other sources like banks or venture capitalists. A business can also raise more money through follow-on offerings in the share market after going public.

Using stock as payment

Being a publicly traded firm has the benefit of allowing it to accept payments using publicly traded stock. Stocks are one way the corporation can pay its employees. Top-tier personnel are typically compensated with stocks. Acquisitions are a necessary component of a business’s expansion. 

How to Increase IPO Allotment Chances

To maximize your chances of being allotted for an IPO, it is suggested that you apply using multiple demat accounts. The likelihood of an IPO allotment may rise with multiple applications. Every initial public offering (IPO) has a price band; the cut-off is the highest cost within the band. You must bid at the maximum price. The next piece of advice is to “don’t wait for the final day.” Before investing, investors frequently wait to see how the HNI and QIB subscription figures are doing. On the last day of the IPO, your application may be rejected if you file it after the designated time because the Best commodity broker in India sometimes only accepts applications until 4 PM.

Finally, apply under the shareholder’s group for investments in the parent firm. If the firm conducting the IPO is one of its parent organizations and has previously been listed on an exchange, applying under the “Shareholder” category may increase your chances of being allocated to the IPO.

Conclusion

IPOs allow businesses to generate capital without having to turn to financial institutions or banks, which could demand high-interest rates for their loans. Additionally, it enables current investors to sell their business interests without paying capital gains tax. It is a typical milestone for many businesses that emerge from the startup stage.

Acquiring a company does increase money, but there are also big disadvantages. These include the drawn-out IPO procedure, making sure the Best commodity broker in India complies with stringent regulations, ceding all ownership and control, and facing scrutiny from the general public and investors.

FAQs – List of Upcoming IPOs in India 2024