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India is expected to have a sharp increase in initial public offerings (IPOs) in 2024. These IPOs in India in 2024 provide potentially profitable investment opportunities. Given the promising businesses, sizeable issue sizes, and appealing values, high IPO subscriptions are expected. As a result, it's wise to keep a watch on these IPOs in India. Stay tuned for more information on the Indian IPOs that are highly anticipated in 2024.
Ola's EV division hopes to raise about US$700 million to US$800 million, which would value the business at US$7 billion to US$8 billion. In India, Ola Electric is a major force in the electric mobility market, providing infrastructure for charging, battery swapping stations, and electric scooters, among other goods and services.
The firm, which is valued at US$4 billion, is an online retailer of baby and kid's supplies, and it intends to raise about US$500 million. With more than 800 physical outlets, 2,000 plus brands, and about 8 million users, FirstCry is the biggest e-commerce marketplace for baby and kid items in India.
An estimated US$400 million will be raised by the edtech company, which Byju's purchased in 2021, valuing the business at US$2 billion. With more than 200 locations and 2.5 lakh students nationwide, Aakash is a top provider of test preparation services for admission exams for engineering and medicine.
The Flipkart subsidiary's digital payments platform is predicted to garner about US$1 billion, valuing the business at US$10 billion. With more than 280 million users, 20 million merchants, and a market share of more than 40% in UPI transactions, PhonePe is one of the most widely used UPI applications in India.
The SoftBank-backed unicorn in the hotel industry is projected to raise about US$1.2 billion, making the firm worth US$12 billion. Across 80 countries, Oyo Rooms has more than 43,000 hotels, 1.5 million rooms, and 180 million visitors, making it the third-largest hotel network globally.
The US$5 billion valuation of the firm will come from the online pharmacy and healthcare platform, which is anticipated to raise around US$5 million. Attracting over 12 million clients, PharmEasy is the biggest online pharmacy in India, partnering with 80,000 pharmacies and 4,000 physicians.
The Naspers unit that offers online payment services is predicted to generate about US$400 million, making the business valued at US$4 billion. PayU India is a prominent online payment gateway in India, with a market share of more than 50% in e-commerce payments, more than 450,000 merchants, and more than 100 payment options.
It is anticipated that the massive food delivery firm, supported by Prosus, would raise about US$800 million, making the company valued at US$8 billion. Swiggy is the biggest meal delivery app in India, with over 200,000 eateries, 500,000 delivery partners, and 150 million monthly orders.
The supplier of digital identification and e-governance solutions raised US$310.91 million in its first public offering (IPO) and had a 174.63% listing gain. BLS E-Services, with more than 2,500 service centers, 15,000 workers, and 100 million consumers, is a prominent supplier of digital identification and e-governance solutions in India.
The manufacturer of agrochemicals experienced a listing gain of 43.39% after raising US$143.81 million in its first public offering (IPO). Nova AgriTech is one of the top producers of agrochemicals in India, with ten production facilities, 25,000 dealers, and more than 300 products.
Depending on your risk tolerance, financial objectives, and market circumstances, you may invest in any of these possible initial public offerings (IPOs) in 2024. However, you should conduct your investigation, analysis, and due diligence before making any IPO investments. If necessary, you should also speak with a financial advisor. Returns or profits are not guaranteed when investing in initial public offerings (IPOs). Because your cash is in danger, please invest wisely.
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