If you’re keen to invest in the stock market and are looking for the upcoming IPOs in India in 2024, you’ve come to the right place. This blog post provides a detailed overview of the latest IPO calendar, including companies that have filed their Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) with SEBI. Stay ahead of the market by exploring the IPO list in India for 2024 and discover the best upcoming IPOs in India that promise high subscription rates and good returns. Don’t miss out on the opportunity to invest in the primary market and maximize your financial growth.
Upcoming IPOs in September 2024
Here’s a comprehensive list of upcoming IPOs in India for september 2024. This includes both Mainline and SME IPOs that are opening soon:
| Upcoming IPO | IPO Date | Size | Price Band |
|---|---|---|---|
| P N Gadgil Jewellers (Mainline) | 10-12 Sept | ₹1,100 Cr | ₹456 to ₹480 |
| Western Carriers (Mainline) | 13-19 Sept | ₹492.88 Cr | ₹163 to ₹172 |
| Arkade Developers (Mainline) | 16-19 Sept | ₹410 Cr | ₹121 to ₹128 |
| Northern Arc Capital (Mainline) | 16-19 Sept | ₹777 Cr | ₹249 to ₹263 |
| Manba Finance (Mainline) | 23-25 Sept | ₹150.84 Cr | ₹114 to ₹120 |
| KRN Heat Exchanger (Mainline) | 25-27 Sept | – | – to – |
| SPP Polymer (NSE SME) | 10-12 Sept | ₹24.49 Cr | ₹59 |
| Trafiksol ITS (BSE SME) | 10-12 Sept | ₹44.87 Cr | ₹66 to ₹70 |
| Excellent Wires (NSE SME) | 11-13 Sept | ₹12.60 Cr | ₹90 |
| Innomet Advanced Materials (NSE SME) | 11-13 Sept | ₹34.24 Cr | ₹100 |
| Sodhani Academy (BSE SME) | 12-17 Sept | ₹6.12 Cr | ₹40 |
| Envirotech Systems (NSE SME) | 13-19 Sept | ₹30.24 Cr | ₹53 to ₹56 |
| Deccan Transcon (NSE SME) | 13-18 Sept | ₹65.06 Cr | ₹102 to ₹108 |
| Popular Foundations (BSE SME) | 13-18 Sept | ₹19.87 Cr | ₹37 |
| Osel Devices (NSE SME) | 16-19 Sept | ₹70.66 Cr | ₹155 to ₹160 |
| Pelatro (NSE SME) | 16-19 Sept | ₹55.98 Cr | ₹190 to ₹200 |
| Paramount Forge (NSE SME) | 17-19 Sept | ₹32.34 Cr | ₹57 to ₹59 |
| Phoenix Overseas (NSE SME) | 19-23 Sept | ₹36.03 Cr | ₹61 to ₹64 |
| Kalana Ispat (NSE SME) | 19-23 Sept | ₹32.59 Cr | ₹66 |
| SD Retail (NSE SME) | 20-24 Sept | ₹64.98 Cr | ₹124 to ₹131 |
| BikeWo Green Tech (NSE SME) | 20-24 Sept | ₹24.09 Cr | ₹59 to ₹62 |
| Avax Apparels And Ornaments (BSE SME) | 20-24 Sept | ₹1.92 Cr | ₹70 |
| Avi Ansh Textile (NSE SME) | 20-24 Sept | ₹26 Cr | ₹62 |
| WOL 3D (NSE SME) | 23-25 Sept | ₹25.56 Cr | ₹142 to ₹150 |
| Rappid Valves (India) (NSE SME) | 23-25 Sept | ₹30.41 Cr | ₹210 to ₹222 |
| Sahasra Electronics (NSE SME) | Coming Soon | – | – to – |
Note: Dates and other details are subject to change as per SEBI’s approvals and market conditions.
Detailed Overview of Some Notable IPOs
Premier Energies
Premier Energies, a leader in solar cell and solar module manufacturing in India, plans to raise around ₹2,830 crores through its IPO. The offering includes a fresh issue of ₹1,291 crores and an offer for sale of up to 34.2 million equity shares. Retail investors have a 35% allocation, Qualified Institutional Buyers (QIB) 50%, and High Net-worth Individuals (HNI) 15%.
ECOS Mobility
ECOS Mobility, known for its chauffeur-driven mobility services, aims to raise ₹601.20 crores. The IPO comprises a fresh issue and an offer for sale of up to 18 million equity shares, making it a promising choice for investors looking into the mobility sector.
Baazar Style Retail
A major player in the fashion retail sector, particularly in Eastern India, Baazar Style Retail plans to raise ₹834.68 crores. The company is offering a fresh issue of ₹148 crores along with an offer for sale of up to 17.65 million equity shares.
Gala Precision Engineering
Specializing in high-precision components, Gala Precision Engineering is looking to raise ₹167.93 crores, which includes a fresh issue of ₹135.34 crores. The offer for sale will consist of up to 616,000 equity shares.
These companies represent just a few of the new IPOs in India set to launch in 2024. For a complete list, be sure to visit our upcoming IPO page.
List of Forthcoming IPOs in India
Apart from the IPOs scheduled for August 2024, several other companies are planning to go public in the coming months. Here is a sneak peek at some notable names that have filed their DRHP and are awaiting SEBI’s nod:
| Company Name | Expected Date | IPO Type | Size (Cr) |
|---|---|---|---|
| Hyundai Motor India | Coming Soon | Mainline | ₹25000 |
| Sanathan Textiles | Coming Soon | Mainline | ₹800 |
| EbixCash | Coming Soon | Mainline | ₹6000 |
| Tata Play | Coming Soon | Mainline | ₹- |
| Hexagon Nutrition | Coming Soon | Mainline | ₹- |
For a regularly updated IPO calendar 2024 India, be sure to bookmark our latest IPO calendar page.
Frequently Asked Questions (FAQs) about Upcoming IPOs
1. What is an IPO? An IPO, or Initial Public Offering, is when a private company offers its shares to the public for the first time. This process helps companies raise funds for various purposes like debt repayment, working capital needs, or expansion.
2. Which IPOs are opening soon in India? The latest IPO calendar in India includes companies like Premier Energies, ECOS Mobility, Baazar Style Retail, and others. For a complete and up-to-date list, check out our upcoming IPO page.
3. Can I apply for an IPO without a Demat account? No, a Demat account is mandatory as per SEBI regulations to apply for an IPO in India.
4. Are IPOs a good investment? IPOs can be a lucrative investment if the company has strong fundamentals and growth potential. Investors should research thoroughly before investing.
5. How can one apply for upcoming IPOs online? Investors can apply through UPI-based online applications or through their bank’s ASBA (Application Supported by Blocked Amount) service. For more details, visit our IPO forms page.
6. Where do I get an application form for an IPO? You can download IPO application forms from the NSE or BSE websites, or get them from your broker. Check our IPO forms page for more details.
7. How to subscribe to an IPO? There are three main methods to apply for an IPO:
- UPI – Online: Use your Demat account app like Zerodha, Upstox, or Paytm Money.
- ASBA – Online: Apply through your bank’s net banking service.
- Broker – Offline: Contact your broker to fill out and submit the application form.
8. Which are the best upcoming IPOs in India in 2024? Some of the best upcoming IPOs include EbixCash, Tata Play, and Hyundai Motor India. For a full list, check our IPO review page.
9. What should investors keep in mind about IPO dates and details? IPO dates are subject to change based on SEBI approvals and market conditions. Always verify the latest information from reliable sources.
For more detailed guidance on investing in IPOs, visit our how to invest in IPOs page.
Conclusion
The upcoming IPOs in India in 2024 present several exciting opportunities for investors. With a range of companies from different sectors entering the market, there’s potential for significant returns. Stay informed and make wise investment decisions by following our upcoming IPO page regularly.
For more updates on IPO allotment tips, grey market premiums, and more, explore our other pages:
Invest wisely and maximize your returns with the right strategies and information.
