An IPO is a major event in the life of a company; it moves a company from private to publicly traded ownership. An initial public offering is the first sale of stock that a company issues to the public, in essence, raising capital through that process. "Not only does this process afford businesses the funds they need for expansion and innovation, but it also gives the investors a stake in. " Understanding all subtleties of IPOs, such as type, scale, and price, is an important subject for companies intending to go public and investors willing to participate in these offerings.
An Initial Public Offering (IPO) marks the debut of a private company's stock offering to the general public. This event is expected to guide the private entity through its journey to public status by listing its shares on a stock exchange: either the New York Stock Exchange or NASDAQ. An IPO is devised to raise capital needed to finance operations in the course of expansion, to liquidate debt, or to accomplish any other corporate initiatives. To investors, an IPO represents an opportunity to invest in a company at the beginning of its public life, likely to come with a good return if the company succeeds.
The types of IPOs can be categorized based on the method of offering and the nature of the shares being issued. They are:
Fixed Price Offering: The company stipulates a fixed price at which the company's shares will be offered to the public. The investors are already aware of the exact price they will have to pay to acquire shares.
Book Building Offering: Under the system, the company indicates a price range to prospective investors within which they can make a bid for buying the shares. The ultimate price is that which gets determined based on the final bidding process.
Dutch Auction: Under this method, investors bid for the shares stating the number of shares they want and at what price. The price for selling the offered shares is set as equal to the highest price demanded under which the company can sell all to investors.
Direct Listing: This is a process where an organization sells existing shares to the public directly without underwriting. This process is usually carried out by firms that do not require raising new capital but might want to provide liquidity to their respective shareholders.
IPO size measures the aggregate value of shares offered to the public. It is derived as the number of shares to be sold under the issue multiplied by the issue price. IPO size varies dramatically from a few million dollars in the case of smaller companies up to billions of dollars for large corporate enterprises. The size of the IPO can tell more about the ambitions of the company and also the kind of money it looks to have raised in a bid for future expansion.
The IPO price is the price at which an issuer sells its offerings in an initial public offering. The company, together with the investment banks, goes through the financial statements and the growth potential of the company, plus the conditions prevalent in the marketplace and the demands of its potential investors. This can be made either by the price being determined by either the fixed-price mechanism or through a book-building process. The importance of the IPO price cannot be overstated, as it establishes the foundation for the stock's future performance in the market and also influences the initial value of the company.
open for subscription. Keep watching this page for every new update to stay well informed about the latest current IPOs in India's primary market. The list states the names of upcoming IPOs in 2024 in India that have already filed the DRHP with SEBI. Current IPOs will soon be listed on the NSE, BSE, BSE SME, and NSE Emerge indices.
1. Sanstar
IPO Date: 19-23 July
IPO Type: Mainline
IPO Size: ₹510.15 Cr.
IPO Price: ₹90 to ₹95
The Company is engaged in the business of manufacturing and distributing starch and starch derivatives. It has its customers in the food, pharmaceuticals, textiles, and paper industry segments.
2. Ola Electric (OLA Cabs)
IPO Date: Coming Soon
IPO Type: Mainline
IPO Size: To be announced
IPO Price: To be announced
Ola Electric is aimed at producing electric scooters and other EVs meant for clean mobility as part of India's largest ride-hailing company, Ola.
3. FirstCry
IPO Date: Upcoming
IPO Type: Mainline
IPO Size: Up to be notified
IPO Price: Up to be notified
This company is a renowned e-commerce platform in India for children. A wide range of facilities is available, including toys, clothing, and other accessories.
4. Hyundai Motor India
IPO Date: Coming Soon
IPO Type: Mainline
IPO Size: ₹25,000 Cr.
IPO Price: To be announced
Hyundai Motor India is the Indian arm of South Korean automobile behemoth Hyundai. It is, among the numerous carmakers in India, one of the largest and offers a complete range of vehicles.
5. Sanathan Textiles
IPO Date: To be Announced
IPO Type: Mainline
IPO Size: ₹800 Cr.
IPO Price: To be Announced Sanathan Textiles deals with manufacturing yarns out of polyester, cotton, and other blends. It caters to diverse consuming industries which encompass apparel, home textiles, and industrial fabrics. 6. Premier Energies
Date of IPO: Upcoming
Type of IPO: Mainline
Size of IPO: ₹1500 Cr.
The price band of IPO: To be announced Premier Energies is one of the largest manufacturers of solar photovoltaic cells and modules. Premier Energies manufactures products that are committed to dependable, low-cost, and sustainable energy solutions, catering to the need for microgrid solutions for power requirements.
6. Polymatech Electronics
IPO Date: Upcoming
IPO Type: Mainline
IPO Size: To be announced
IPO Price: To be announced
Polymatech Electronics has been a significant manufacturing company in the realm of electronics, with electronic components or devices produced for a huge and widespread number of end applications.
1. Sahaj Solar
IPO Date: 11-15 July
IPO Type: NSE SME
IPO Size: ₹52.56 Cr.
IPO Price: ₹171 to ₹180
Sahaj Solar enjoys niche leadership in the manufacturing sector and produces solar panels along with renewable energy solutions. The key goal of the company is to highlight the full potential of clean energy and sustainability through business products.
2. Aelea Commodities
IPO Date: 12-16 July
IPO Type: BSE SME
IPO Size: ₹51 Cr.
IPO Price: ₹91 to ₹95
Aelea Commodities is a company that is engaged in the trading and distribution of different kinds of commodities, from agricultural products to metals and minerals.
3. Sati Poly Plast
IPO Date: 12-16 July
IPO Type: NSE SME
IPO Size: ₹17.36 Cr.
IPO Price: ₹123 to ₹130
Sati Poly Plast is engaged in the business of manufacturing plastic products and packaging materials. The business caters to a wide array of industries, which include food and beverages, pharmaceuticals, consumer, and more.
4. Prizor Viztech
IPO Date: 12-16 July
IPO Type: NSE SME
IPO Size: ₹25.15 Cr.
IPO Price: ₹82 to ₹87
Prizor Viztech provides top-notch solutions in visual technology to a wide array of display options, projectors, and digital signages.
5. Three M Paper Boards
IPO Date: 12-16 July
IPO Type: BSE SME
IPO Size: ₹39.83 Cr.
IPO Price Band: ₹67 to ₹69
Three M Paper Boards is in the business of manufacturing and trading paper and paper boards. These goods are used in industries of packaging, printing, and various others.
6. Tunwal E-Motors
IPO Date: 15-18 July
IPO Type: NSE SME
IPO Size: ₹115.64 Cr.
IPO Price: ₹59
Tunwal E-Motors is an electric two-wheeler manufacturing company. It is meant to promote electric and eco-friendly vehicles. The company aims to manufacture cost-effective as well as efficient electric vehicles.
7. Macobs Technologies
IPO Date: 16-19 July
IPO Type: NSE SME
IPO Size: ₹54.58 Cr.
IPO Price: ₹91 to ₹96
Kataria Industries is in the business of manufacturing industrial products comprising machinery, equipment, and components for all sectors.
8. SAR Televenture
IPO Date: 22-24 July
IPO Type: NSE SME
IPO Size: ₹150 Cr.
IPO Price: ₹200 to ₹210
SAR Televenture offers telecommunications and networking supplies and solutions and other range of products.
9. RNFI Services
IPO Date: 22-24 July
IPO Type: NSE SME
IPO Size: ₹70.81 Cr.
IPO Price: ₹98 to ₹105
RNFI Services operates in the domain of fintech, providing digital payment services set up for financial transactions with technologies integrated within.
10. VL Infraprojects
IPO Date: 23-25 July
IPO Type: NSE SME
IPO Size: ₹18.52 Cr.
IPO Price: ₹39 to ₹42
VVIP Infratech is a real estate development company working majorly on infrastructure projects that deliver residential and commercial properties.
11. Chetana Education
IPO Date: 24-26 July
IPO Type: NSE SME
IPO Size: ₹45.90 Cr.
IPO Price: ₹80 to ₹85
Chetana Education operates educational institutions. It offers quality education in major streams of education and training.
12. Manglam Infra
IPO Date: 24-26 July
IPO Type: NSE SME
IPO Size: ₹27.62
Clinitech Laboratory provides diagnostic and laboratory services engaging in a gamut of medical tests and analyses.
13. Positron Energy
IPO Date: Coming Soon
IPO Type: NSE SME
IPO Size: To be announced
IPO Price: To be announced
Positron Energy operates in the business of researching and offering renewable energy solutions for achieving befitting sustainable and green energy sources.
14. Paramount Forge
IPO Date: Coming Soon
IPO Type: NSE SME
IPO Size: To be announced
IPO Price: To be announced
Paramount Forge operates a s specialized manufacturer of products offering forging applications and caters to automotive, and aero.
15. Resourceful Automobile
IPO Date: Coming Soon
IPO Type: BSE SME
IPO Size: To be announced
IPO Price: To be announced
Resourceful Automobile operates in trading and supplying automotive parts and accessories to suffice the requirements of the automotive sector.
IPOs are crucial events for corporations and the same are exclusive opportunities clubbed with enormous hype and expectations for investors. Investors, armed with knowledge of the various types of IPOs, mechanisms of sizing, and pricing, are capable of making intelligent decisions, and in the end, becoming positioned to share in the growth of the new public corporates.
Going public may be the right decision for some companies, in that it raises the much-needed capital that will fuel their growth and otherwise further their long-term goals, and it results in them gaining visibility and competitive strength in the market. For as long as the world of initial public offerings remains dynamic, it is important that every other person involved in the market stays informed and up-to-date on the process and its variables.