The year 2024 promises to bring a host of exciting Upcoming IPOs in India 2024 to the Indian market. An Initial Public Offering (IPO) is the process through which privately owned companies offer their shares to the public for the first time and become listed on stock exchanges. In this article, we will explore the forthcoming IPOs expected to hit the primary market in 2024. Stay tuned to ensure you don’t miss out on subscribing to these upcoming IPOs.
| Company Name | Type Status | IPO Price | GMP(₹ %) | IPO Size (Crore) | IPO Open Date | IPO Close Date |
|---|---|---|---|---|---|---|
| Spinaroo Commercial | SME IPO Closed | 51 | 0 (0%) | ₹10.17 Cr | 28-Mar | 3-Apr |
| Infonative Solutions | SME IPO Closed | 79 | 0 (0%) | ₹24.71 Cr | 28-Mar | 3-Apr |
| Aten Papers & Foam | SME IPO Closed | 0 (0.0%) | ₹31.68 Cr | 28-Mar | 2-Apr | |
| Retaggio Industries | SME IPO Closed | 25 | 0 (0%) | ₹15.50 Cr | 27-Mar | 2-Apr |
| Identixweb | SME IPO Closed | 54 | 0 (0%) | ₹16.63 Cr | 26-Mar | 28-Mar |
| Shri Ahimsa Naturals | SME IPO Closed | 118 | 12 (10.17%) | ₹73.81 Cr | 25-Mar | 27-Mar |
| ATC Energies | SME IPO Closed | 119 | 21 (17.65%) | ₹63.76 Cr | 25-Mar | 27-Mar |
| Desco Infratech | SME IPO Closed | 150 | 18 (12%) | ₹30.75 Cr | 24-Mar | 26-Mar |
| Active Infrastructures | SME IPO Closed | 181 | 0 (0%) | ₹77.83 Cr | 21-Mar | 25-Mar |
| Rapid Fleet | SME IPO Closed | 192 | 0 (0%) | ₹43.87 Cr | 21-Mar | 25-Mar |
| Grand Continent Hotels | Main IPO Closed | 133 | 0 (0%) | ₹74.46 Cr | 20-Mar | 24-Mar |
| Divine Hira Jewellers | SME IPO Listed @90.00 (0%) | 90 | 15 (16.67%) | ₹31.84 Cr | 17-Mar | 19-Mar |
| Paradeep Parivahan | SME IPO Listed @78.40 (-20%) | 98 | 0 (0%) | ₹44.86 Cr | 17-Mar | 19-Mar |
| Super Iron Foundry | SME IPO Listed @107.95 (-0.05%) | 108 | 15 (13.89%) | ₹68.05 Cr | 11-Mar | 13-Mar |
| PDP Shipping & Projects | SME IPO Listed @108.25 (-19.81%) | 135 | 0 (0%) | ₹12.65 Cr | 10-Mar | 12-Mar |
| NAPS Global India | SME IPO Listed @108.00 (20%) | 90 | 0 (0%) | ₹50.11 Cr | 4-Mar | 6-Mar |
| Balaji Phosphates | SME IPO Listed @75.00 (7.14%) | 70 | 0 (0%) | ₹50.11 Cr | 28-Feb | 4-Mar |
| Shreenath Paper | SME IPO Listed @35.20 (-20%) | 44 | 3 (6.82%) | ₹23.36 Cr | 25-Feb | 28-Feb |
| Nukleus Office Solutions | SME IPO Listed @187.20 (-20%) | 234 | 0 (0%) | ₹31.70 Cr | 24-Feb | 27-Feb |
| Beezaasan Explotech | SME IPO Listed @146.00 (-16.57%) | 175 | 1 (0.57%) | ₹59.93 Cr | 21-Feb | 25-Feb |
| Swasth Foodtech | SME IPO Listed @94.00 (0%) | 94 | 0 (0%) | ₹14.92 Cr | 20-Feb | 24-Feb |
| HP Telecom India | SME IPO Listed @115.05 (6.53%) | 108 | 0 (0%) | ₹34.23 Cr | 20-Feb | 24-Feb |
| Royalarc Electrodes | SME IPO Listed @ 120.00 (0%) | 120 | 0 (0%) | ₹36.00 Cr | 14-Feb | 18-Feb |
| Tejas Cargo | SME IPO Listed @ 175.00 (4.17%) | 168 | 0 (0%) | ₹105.84 Cr | 14-Feb | 18-Feb |
| Quality Power | Main IPO Listed @ 430.00 (1.18%) | 425 | 5 (1.18%) | ₹858.70 Cr | 14-Feb | 18-Feb |
| L.K. Mehta Polymers | SME IPO Listed @ 71.10 (0.14%) | 71 | 5 (7.04%) | ₹7.38 Cr | 13-Feb | 17-Feb |
| Shanmuga Hospital | SME IPO Listed @ 54.00 (0%) | 54 | 3 (5.56%) | ₹20.62 Cr | 13-Feb | 17-Feb |
| Maxvolt Energy | SME IPO Listed @ 180.00 (0%) | 180 | 0 (0%) | ₹54.00 Cr | 12-Feb | 14-Feb |
| Voler Car | SME IPO Listed @ 90.00 (0%) | 90 | 5 (5.56%) | ₹27.00 Cr | 12-Feb | 14-Feb |
| Hexaware Technologies | Main IPO Listed @ 745.50 (5.3%) | 708 | 0 (0%) | ₹8750.00 Cr | 12-Feb | 14-Feb |
| PS Raj Steels | SME IPO Listed @ 145.00 (3.57%) | 140 | 3 (2.14%) | ₹28.28 Cr | 12-Feb | 14-Feb |
| Chandan Healthcare | SME IPO Listed @ 165.10 (3.84%) | 159 | 0 (0%) | ₹107.36 Cr | 10-Feb | 12-Feb |
| Ajax Engineering | Main IPO Listed @ 576.00 (-8.43%) | 629 | -3 (-0.48%) | ₹1269.35 Cr | 10-Feb | 12-Feb |
| Eleganz Interiors | SME IPO Listed @ 122.00 (-6.15%) | 130 | 5 (3.85%) | ₹78.07 Cr | 7-Feb | 11-Feb |
| Solarium Green | SME IPO Listed @ 202.00 (5.76%) | 191 | 5 (2.62%) | ₹105.04 Cr | 6-Feb | 10-Feb |
| Readymix Construction | SME IPO Listed @ 123.00 (0%) | 123 | 0 (0%) | ₹37.66 Cr | 6-Feb | 10-Feb |
| Amwill Healthcare | SME IPO Listed @ 88.85 (-19.95%) | 111 | 0 (0%) | ₹59.98 Cr | 5-Feb | 7-Feb |
| Ken Enterprises | SME IPO Listed @ 85.00 (-9.57%) | 94 | 5 (5.32%) | ₹83.65 Cr | 5-Feb | 7-Feb |
Mainboard IPOs 2024:
Mainboard IPOs are the primary focus, involving large companies with a minimum post-issue paid-up capital of Rs 10 crore. These companies will be listed on renowned stock exchanges such as BSE and NSE.
Key IPO Terms:
Here are some key terms associated with IPOs:
1. Exchange: This refers to the stock exchange where IPO shares are proposed to be listed. Mainline IPOs are typically listed on BSE and NSE, while SME IPOs are listed on NSE EMERGE or BSE SME platforms.
2. IPO Open Date / Issue Close Date: These dates indicate the opening and closing of the IPO bidding process. Investors can submit their IPO applications only during this period.
3. Lot Size: The lot size is the minimum number of shares an investor can apply for in an IPO. For example, a lot size of ‘400’ means an investor must bid for at least 400 shares.
4. Issue Price: IPOs can be of two types: Book Building, which has a price range (e.g., Rs 120-125), or Fixed Price, which specifies a particular price for bidding.
5. Issue Size: This represents the total monetary value of the IPO, calculated by multiplying the number of shares offered by the company with the issue price per share.
FAQs on Upcoming IPOs:
1. What is an IPO?
An IPO, or Initial Public Offering, is the process by which companies offer their privately held shares to the public, becoming publicly listed entities. Companies must draft a DRHP (Draft Red Herring Prospectus) with SEBI before filing the final RHP (Red Herring Prospectus) for IPO approval.
2. Which IPOs are open today or this week?
Some of the upcoming IPOs for this week include Jupiter Life Line Hospitals, EMS Limited, RR Kabel, Zaggle Prepaid Ocean Services, Samhi Hotels, Yatra Online, Sai Silks Kalamandir, Signature Global, Manoj Vaibhav Gems, and JSW Infrastructure in September 2023.
3. What are the best Upcoming IPOs in 2024 in India?
Notable upcoming IPOs in India for 2023 include Ebixcash, Tata Communications, SPC Life Sciences, Tata Play, IRM Energy, Lohia Corp, Nova Agritech, and more. Additional names may be added to the Upcoming IPO list pending SEBI’s approval.
4. Can I apply for an IPO without a Demat account?
No, SEBI regulations mandate that individuals must have a Demat Account to apply for an IPO.
5. Are IPOs a good investment?
IPOs can be good investments, both in the short term and long term, especially for companies with strong financials and high demand.
6. How can I apply for upcoming IPOs online?
Investors can apply for upcoming IPOs online through UPI-based applications available on Demat Account Apps like Zerodha, Upstox, PaytmMoney, and others. The application process involves selecting the IPO and applying with your UPI ID.
7. Where can I get an application form for an upcoming IPO?
Blank ASBA IPO application forms can be downloaded from the NSE or BSE websites. Alternatively, you can obtain IPO forms from your brokers.
8. How do I subscribe to an IPO?
There are three methods to apply for an IPO: UPI – Online, ASBA – Online through your bank account, or through your broker using offline methods.
Conclusion:
Stay informed about the upcoming IPOs in India for 2024 to explore investment opportunities in both established and emerging companies. Make sure to follow the IPO application process that suits your preferences and leverage the potential of IPO investments.
