Introduction to Upcoming IPOs in 2024
The financial landscape of India is gearing up for a transformative journey with an exciting array of Upcoming IPOs in 2024. These IPOs, set to redefine the investment terrain and provide unparalleled opportunities for investors, will shape the economic narrative. Prominent players like MobiKwik, Emcure Pharmaceuticals, and Go First are preparing to debut, contributing to the vibrancy of India’s economic ecosystem. As we delve into the details of these anticipated Upcoming IPOs in 2024, the common thread lies in their objectives — to raise funds for expansion, repay debt, enhance brand visibility, and provide liquidity to existing shareholders. Buckle up as we embark on an exploration of the market dynamics, business models, and potential impact of these imminent financial milestones.
As we navigate through the Upcoming IPOs in 2024, it’s evident that each entity encapsulates a distinctive business model, representing the diversity inherent in India’s economic fabric. From the travel and hospitality sector with OYO to the lifestyle domain with FabIndia, these IPOs span industries, echoing the economic plurality of the nation. Bharat FIH Limited, a champion in Electronics Manufacturing Services, showcases India’s manufacturing prowess, setting the stage for global competitiveness. Amidst this, Snapdeal, the e-commerce stalwart, prepares for a resurgence, emphasizing the ebb and flow of market dynamics.
1. Mobikwik IPO – Upcoming IPOs 2024
Total Issue Size: ₹5,600 crore (US$700 million)
Offer for Sale Amount: ₹4,100 crore (US$512.5 million)
Current Status: DRHP not yet filed with SEBI
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Expected Month: February 2024
Business Model: MobiKwik, a digital payments company, facilitates seamless transactions through its mobile wallets, online payment services, and payment gateways. Generating revenue via transaction fees and merchant commissions, the company plays a pivotal role in India’s digital financial ecosystem.
2. Emcure Pharmaceuticals (EMCURE) IPO – Anticipated IPOs in 2024
Total Issue Size: $400-500 million
Offer for Sale Amount: Not applicable
Current Status: DRHP not refiled with SEBI
Objective: Raise funds for expansion, debt reduction, improve liquidity, and enhance brand visibility
Expected Month: Not announced
Business Model: Emcure Pharmaceuticals, driven by research and development, boasts a diverse product portfolio, including orals, injectables, and biologics. With a unique mRNA platform for COVID-19 vaccine development, the company aims to raise funds for expansion, debt reduction, and enhancing brand visibility.
3. Go First (Go Airlines) IPO – Upcoming IPOs in 2024
Total Issue Size: ₹3,600 crores (US$500 million)
Offer for Sale Amount: ₹1,500 crore (US$187 million)
Current Status: IPO under SEBI review, expected in January 2024
Objective: Raise funds for expansion, debt reduction, improve liquidity, and enhance brand visibility
Business Model: As an ultra-low-cost carrier, Go First operates domestic and international flights, generating revenue through ticket sales, ancillary fees, and cargo services. The IPO aims to fund expansion, reduce debt, and enhance brand visibility in the competitive aviation industry.
4. Wellness Forever Medicare IPO – Expected IPOs in 2024
Total Issue Size: ₹400 crore (US$625 million)
Offer for Sale Amount: 1,60,44,709 Equity Shares
Current Status: IPO under SEBI review, expected in January 2024
Objective: Raise funds for capital expenditure, debt repayment, enhance brand visibility, and meet pre-IPO placement obligations
Business Model: Wellness Forever Medicare operates a large omni-channel retail pharmacy network, offering 24/7 services. The company intends to raise funds for capital expenditure, debt repayment, and brand enhancement, positioning itself as a comprehensive wellness solution provider.
5. Navi Technologies IPO – Due IPOs in 2024
Total Issue Size: ₹3,000 crore (US$375 million)
Offer for Sale Amount: ₹2,000 crore (US$250 million)
Current Status: DRHP not yet filed with SEBI
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: Navi Technologies, a financial services platform, provides personal loans, credit cards, and insurance. Revenue streams include interest income and fees. The IPO seeks to raise funds for growth, debt repayment, and brand visibility.
6. BoAt IPO – Most Awaited IPOs in 2024
Total Issue Size: ₹2,000 crore (US$250 million)
Offer for Sale Amount: ₹1,250 crore (US$168.75 million)
Current Status: DRHP not yet filed with SEBI
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: BoAt, a leading consumer electronics brand, specializes in audio and wearable products. Its revenue model revolves around the sale of headphones, earphones, smartwatches, and accessories. The IPO aims to fund expansion, debt repayment, and brand building.
7. EBIXCASH IPO – Upcoming IPOs in 2024
Total Issue Size: ₹6,000 crore (US$750 million)
Offer for Sale Amount: Entirely fresh issue
Current Status: DRHP filed with SEBI, awaiting approval, expected in January 2024
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: EbixCash, a technology-enabled provider of digital goods and services, operates in B2C, B2B, and financial technology domains. With a wide range of offerings, including payment solutions and travel services, the IPO aims to raise funds for growth and debt repayment.
8. OYO IPO – Most Awaited IPOs in 2024
Total Issue Size: ₹8,430 crores (US$1.05 billion)
Offer for Sale Amount: ₹1,430 crores (US$180 million)
Current Status: DRHP filed with SEBI, awaiting approval
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: OYO Hotels and Homes, a hotel aggregator, partners with independent hotels to provide standardized stays. The company generates revenue through commission fees and booking charges. The IPO seeks to raise funds for expansion, debt repayment, and brand visibility.
9. FabIndia IPO – Upcoming IPOs in 2024
Total Issue Size: ₹4,000 crore (US$500 million)
Offer for Sale Amount: ₹2,505,054,300 Equity Shares
Current Status: DRHP not yet filed with SEBI
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: FabIndia, a renowned lifestyle brand, focuses on sustainable practices, ethical sourcing, and Indian craftsmanship. The company’s revenue streams come from the sale of apparel, home furnishings, and personal care products.
10. Bharat FIH Limited IPO – Upcoming IPOs in 2024
Total Issue Size: ₹5,003.8 crore (US$625 million)
Offer for Sale Amount: ₹2,501.9 crore (US$312.5 million)
Current Status: DRHP filed with SEBI, awaiting approval, expected in February 2024
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: Bharat FIH Limited, the largest Electronics Manufacturing Services provider in India, offers design, development, manufacturing, and testing of electronic products. The IPO aims to raise funds for growth, debt repayment, and brand visibility.
11. Snapdeal Limited IPO – IPOs Anticipated in 2024
Total Issue Size: Not disclosed
Offer for Sale Amount: Not disclosed
Current Status: DRHP not yet filed with SEBI
Objective: Raise funds for growth, enhance brand visibility, and provide liquidity to shareholders
Business Model: Snapdeal, an online marketplace, generates revenue through commission fees and advertising. The IPO intends to fund growth, enhance brand visibility, and provide liquidity to existing shareholders.
12. Puranik Builders Limited IPO – Upcoming IPOs in 2024
Total Issue Size: ₹510 crore (US$63.75 million)
Offer for Sale Amount: 9,45,000 Equity Shares
Current Status: IPO completed in October 2023
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: Puranik Builders is a leading real estate developer specializing in premium and luxury segments. The IPO raised funds for growth, debt repayment, and brand visibility.
13. Droom Technology Limited IPO – IPOs Anticipated in 2024
Total Issue Size: ₹3,000 crore (US$375 million)
Offer for Sale Amount: ₹1,000 crore (US$125 million)
Current Status: DRHP filed with SEBI, awaiting approval, expected in February 2024
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: Droom Technology operates an online marketplace for used automobiles, providing services like vehicle inspection and financing. The IPO aims to raise funds for expansion, debt repayment, and brand visibility..
14. Biba Fashions Limited IPO – Due IPOs in 2024
Total Issue Size: ₹90 crore (US$11.25 million)
Offer for Sale Amount: 2.77 crore Equity Shares
Current Status: DRHP filed with SEBI, awaiting approval, expected in January 2024
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: Biba Fashions, a prominent Indian fashion brand, designs and retails women’s ethnic wear. Revenue is generated through retail stores, online platforms, and wholesale partnerships.
15. Aadhar Housing Finance Limited IPO – IPOs Awaited in 2024
Total Issue Size: ₹7,300 crore (US$912.5 million)
Offer for Sale Amount: ₹1,500 crore (US$187.5 million)
Current Status: DRHP filed with SEBI, awaiting approval
Objective: Raise funds for growth, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: Aadhar Housing Finance offers housing finance services, including loans for property purchase and construction. The IPO seeks funds for growth, debt repayment, and brand visibility..
16. Deltatech Gaming IPO – Upcoming IPOs of 2024
Total Issue Size: ₹550 crore (US$68.75 million)
Offer for Sale Amount: ₹250 crore (US$31.25 million)
Current Status: IPO plans on hold
Objective: Raise funds for growth and technology infrastructure strengthening
Business Model: Deltatech Gaming operates in real-money gaming, offering poker, fantasy sports, and more. Revenue is generated through platform fees. The company’s IPO plans are currently on hold.
17. Sheetal Universal Limited IPO – IPOs Due in 2024
Total Issue Size: ₹23.80 Crore (US$30 million)
Offer for Sale Amount: Entirely fresh issue
Current Status: IPO completed in December 2023
Objective: Raise funds for expansion, debt repayment, enhance brand visibility, and provide liquidity to shareholders
Business Model: Sheetal Universal is a leading manufacturer of specialty chemicals and pharmaceuticals. The IPO funds expansion, debt repayment, and enhances brand visibility in these industries.
Conclusion:
In conclusion, the stage is set for an exhilarating year in the Indian financial arena with a plethora of Upcoming IPOs in 2024. These financial undertakings transcend mere market events; they are pivotal moments shaping the trajectory of industries and contributing to India’s economic narrative. The infusion of capital, the repayment of debts, and the enhancement of brand visibility collectively underscore the optimism and confidence in these enterprises. As investors and stakeholders eagerly await the unfolding of these financial sagas, the overarching theme is clear — India is not just witnessing economic growth; it is actively steering the narrative.
The spectrum of Upcoming IPOs in 2024, diverse in their business models and objectives, forms a mosaic that mirrors the multifaceted nature of the Indian economy. From the digital payment revolution to advancements in pharmaceuticals, from the skies of aviation to the wellness sector’s grounded approach, each IPO promises a unique contribution to India’s economic canvas. As we brace ourselves for these financial milestones, the resonance of “Upcoming IPOs in 2024” reverberates across boardrooms, trading floors, and investment portfolios, signifying not just transactions but the pulse of a nation on the cusp of economic resurgence.
The journey has just begun, and the countdown to a transformative financial year has started — buckle up for the ride. Upcoming IPOs in 2024 are not just markers of economic growth; they are heralds of a new era in India’s financial landscape.
Disclaimer: The information provided is based on current estimates and subject to change. It is advisable to verify details from official sources for the most accurate and up-to-date insights.
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