New Upcoming IPOs in 2024: A privately held company’s first sale of shares to the general public is known as an initial public offering, or IPO. IPOs allow companies to generate capital for a variety of purposes, including operating capital, debt repayment, acquisitions, and more. By completing an online application provided by stockbrokers and banks, investors can apply for initial public offerings (IPOs) of stocks in India. Online IPO applications based on UPI are available from brokers, and banks provide ASBA IPO applications in addition to UPI applications. Details of IPOs that occurred at the BSE, NSE, BSE SME, and NSE Emerge exchanges in 2024 are available in a list of IPOs in 2024.
New Upcoming IPOs in 2024 – List of Recent and Coming Soon IPOs:
A private limited business must go through the initial public offering, or IPO, procedure to sell its shares to the general public. Through the IPO, the corporations raise money from the general public to support acquisitions, working capital needs, debt payments, and other company goals.
Investors in initial public offerings (IPOs) are advised to apply online through a bank or stockbroker for the latest IPO. Investors in initial public offerings (IPOs) have the option to apply through online UPI-based applications or banks via ASBA.
Bajaj Energy
One of the biggest private-sector power thermal generation firms in Uttar Pradesh, India, is Bajaj Energy Limited, which was founded in 2008. It has several years of developing, operating, and funding power generation facility experience. The company has successfully installed a 2430 MW coal-fired thermal power production capacity.
In 2019, the Securities and Exchange Board of India, the market regulator, received a draft red herring prospectus from Bajaj Energy Limited. It now has permission to begin its initial public offering (IPO) to raise Rs. 5,450 crores. An OFS and a new issue of equity shares will be included in Bajaj Energy Limited’s first share offering.
The offer for sale (OFS) will be for Rs. 300 crores, while the fresh issue portion of the public offering will be for Rs. 5,150 crores.
| Financial Year | Total Assets (Crore) | Total Income (Crore) | Profit After Tax (Crore) |
| 2018 | 3474 | 898 | 42 |
| 2017 | 3684 | 1406 | 88 |
| 2016 | 3590 | 1407 | 103 |
FabIndia Limited
The 60-year-old lifestyle platform FabIndia focuses on genuine, eco-friendly, and traditional Indian lifestyle items. The company’s well-known brands in India are “Fabindia” and “Organic India,” which highlight the fundamental ideas of “Celebrating India” and “Healthy Conscious Living,” respectively. FabIndia provides a wide range of lifestyle products in the areas of organic food, home and lifestyle, personal care, and clothing and accessories.
The offer consists of two parts: a new issue of up to Rs 500 crore and a sale of 25,050,543 equity shares by current shareholders/investors.
| Financial Year | Total Assets (Crore) | Total Income (Crore) | Profit After Tax (Crore) |
| 2021 | 2103 | 1087 | -116 |
| 2020 | 2466 | 1524 | 31 |
| 2019 | 2131 | 1481 | 84 |
Ola Electric
Ola is the largest mobility platform in India, having been founded in 2010. With operations in more than 250 locations around the UK, New Zealand, Australia, and India, it is among the biggest ride-hailing services globally. Mobility services are made easier by the well-known Ola app, which provides a range of vehicles, including motorcycles, autorickshaws, metered taxis, and taxis. The firm claims over 1.5 million empowered driver-partners and a sizable client base thanks to its ease of use and transparency.
| Financial Year | Total Assets (Crore) | Total Income (Crore) | Profit After Tax (Crore) |
| 2023 | 5573 | 2631 | -1472 |
| 2022 | 5396 | 373 | -784 |
| 2021 | 2113 | 0.86 | -199 |
Aadhar Housing Finance
The IPO of Aadhar Housing Finance Limited consists of an offer for sale of up to Rs 58,000 million and a fresh issue of up to Rs 15,000 million, for a total value of up to Rs 73,000 million. The firm provides a variety of financial products relating to mortgages, including construction, extension, and acquisition loans.
They are the biggest HFC with a focus on lending money for loans to people with lower incomes living in rural and semi-rural areas. As to the CRISIL report, on March 31, 2020, Aadhar Housing Finance’s AUM was 1.5 times more than that of its nearest rival. As of December 31, 2021, their gross AUM has grown from Rs 100,157.5 million in 2019 to Rs 140,521.9 million.
| Financial Year | Total Assets (Crore) | Total Income (Crore) | Profit After Tax (Crore) |
| 2020 | 12,269 | 1388 | 189 |
| 2019 | 9412 | 1266 | 162 |
| 2018 | 7802 | 815 | 114 |
BoAt
Founded in November 2013, boAt is an electronics brand based in India. This company is well-known for selling smartwatches and accessories with an audio focus. While boAt is the household name, the business is operated under Imagine Marketing Services Private Limited, a formal name that was created in 2013.
The parent company of boAt, Imagine Marketing Limited, submitted a DRHP for an IPO of Rs. 2,000 crores to SEBI on January 26, 2022. This offer consists of a new equity share issue of Rs. 900 crores and a selling offer of Rs. 1,100 crores, as detailed in the DRHP. Additionally, the business hopes to collect 180 crores of rupees through a pre-IPO placement. The company is currently awaiting SEBI approval before launching the initial public offering (IPO) on the market. Now that the business has reached an IPO valuation of between $1.5 and $2 billion, it is prepared to grow into new markets.
| Financial Year | Total Assets (Crore) | Total Income (Crore) | Profit After Tax (Crore) |
| 2021 | 678 | 1320 | 86 |
| 2020 | 191 | 610 | 47 |
| 2019 | 83.93 | 226 | 8 |
OYO
One of the well-known Indian companies was founded in 2012 under the name Oravel Stays and later changed to OYO Hotels and Homes. Its founder, Ritesh Agarwal, had the notion to launch a hotel chain in 2011 after observing the lack of high-quality low-cost hotels around India.
After its launch, the business attracted investment from leading global venture capital firms. Throughout its 21 investment rounds through 2021, OYO has raised almost $4.1 billion. Among the well-known names on this list are Sequoia Capital, Lightspeed India, Greenoaks Capital, and SoftBank Group.
OYO Hotels and Homes’ DRHP, which was submitted to SEBI, indicates that the public offering is probably valued at Rs. 8,430 crores. This will involve a fresh issue equity share sale of Rs. 7,000 crores and an offer for sale of around Rs. 1,430 crores. Price band, market lot, and likes are among the other facts of this public issue that have not yet been made public.
| Financial Year | Total Assets (Crore) | Total Income (Crore) | Profit After Tax (Crore) |
| 2021 | 8,751 | 4,157 | 4,102 |
| 2020 | 14,109 | 13,413 | 11,080 |
| 2019 | 11,743 | 6,518 | 2,294 |
Go Digit
Owning almost 82.9% of the Gross Written Premiums (GWP) written by Indian digital insurance players, Go Digit is a prominent player in the industry as a full-stack digital insurance provider.
Go Digit uses technology to provide a smooth client experience. Customers can obtain specialised solutions for their insurance needs for non-life insurance products by using the Go Digit platform, which combines insurance and technological solutions. Enrollment, underwriting, processing insurance claims, policy management, statistical analysis, and fraud detection are all supported by the platform.
Go Digit has received permission from the market regulator to launch an IPO. A total of Rs. 1,250 crore in new equity and 109,445,561 shares are being offered for sale as part of the Rs. 3,500 crore IPO.
| Financial Year | Total Assets (Crore) | Total Income (Crore) | Profit After Tax (Crore) |
| 2022 | 10,048 | 4,535 | -296 |
| 2021 | 6,004 | 2,874 | -123 |
| 2020 | 3,893 | 1,684 | -175 |
How does an IPO work?
An IPO is usually executed by a business to raise finance for expansion, promote easier asset trade, print existing stakeholder investments, or increase equity capital. The information in the prospectus about the first sale of shares is available for evaluation by institutional investors and the general public. A thorough prospectus provides extensive details regarding the proposed offer.
Following the IPO announcement, the listed stock becomes available for trading. The minimum free float requirement for shares is determined by the stock exchange both in absolute terms and as a percentage of the entire share capital.
How to invest in an IPO?
To invest in an IPO, you need to have a demat account. You can open a Demat account from any broking firm. For three to ten days, the firm launching the IPO is open to investors. Within those days, investors can invest in the IPO by visiting the company’s site or with the help of a brokerage firm.
Types of IPO:
There are two types of IPO, First is Fixed Price IPO and second is Book Building IPO. Let us know about both:
1. Fixed price ipo:
Fixed price IPO can be referred to as the issue price that some companies set for the initial sale of their shares. The price of shares that a firm chooses to go public is known to investors. It is possible to determine the market’s demand for shares once the issuance is concluded. Investors who wish to participate in this IPO must make sure they apply with the full amount of shares paid.
2. Book Building IPO:
In the case of book building the company launching the IPO offers a 20% price band on the shares to the investors. Before a final price is set, interested parties place bids on the shares. Investors must now indicate how many shares they want to buy and how much they are willing to pay for each share.
The floor price is the lowest stock price, while the cap price is the maximum stock price. Investor bids decide the ultimate choice on the share price.
Are IPO investments a smart idea?
It makes sense to invest in initial public offerings (IPOs), but not every IPO can be a smart move. After all, each IPO has a unique path. IPOs provide an easy-to-use platform, particularly for first-time investors. They have a great chance to join the market at reasonable prices with this offer.
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