Top 10 Upcoming IPOs in India

The financial landscape in India is always evolving with a regular buzz of fast-growing ventures at every corner of the landscape. As this expansion continues, the buzz around Initial Public Offerings is growing louder and louder with each year going by. Both for those looking to invest productively and those who are enthusiastic about the market, the possibility of discovering and plunging into newer and newer opportunities stays unmatched.

In 2024, the IPO market will be very bright and vibrant. It is preparing to showcase a large set of companies all set to make their debut amongst the mass. From technological leaders to biotech experts and much more, here are the top 10 upcoming IPOs in India. They promise to offer amazing prospects for growth and investment.

Whether you are a maestro of the investment game or a curious newcomer in the world of investment, this guide to the top 10 upcoming IPOs will help you to get the needed insights. Thus, you will be able to cement your place ahead of the curve.

Now let us enter the world of the top 10 upcoming IPOs in India that are creating all the buzz, and are ready to soar towards shaping the market in 2024!

Down to the basics: About top 10 upcoming IPOs

So which ones are the upcoming IPOs?

They are the IPOs who have filed DRHP and are expected to open in the coming week or month of 2024.

It is a matter of great amazement that IPOs have not seen such great demand from investors as they have throughout the recent years. The data collected in many surveys are now showing that the combined collection made for IPOs has now crossed INR 100 lakh crore this year.

It is also being said in estimates that with a month to go before this year ends, investors might experience similar participation in investment in upcoming IPOs.

The necessary checklist: What you need to know before investing

So, you have read about all the details regarding what IPOs are. You have also checked out the current situations in the market (which is prospective indeed) in our first few sections of the blog. Now you may be very excited to make your investment in the top 10 upcoming IPOs. But you need to slow down and consider a few very important factors before investing.

• Do you want to invest in the top 10 upcoming IPOs in India? Then you should be an Indian citizen. You should also own a PAN card. This is all you need for opening a Demat account and apply for an IPO in India. Note that you do not need a trading account for you to apply. You may however need to sell your holdings if the IPO gets credited to your account.
• Other than this eligibility standard, you should also research the company you want to invest in carefully. The previous year has been great for IPOs, although some of the companies have shown poorer prospects than the others. Hence it is very important for you to properly research the company. Then only you should make a decision to invest or not.
• You have to use UPI to pay or the investment. Here you have to fill in the bid details in the application form. Then you have to process with your UPI ID.

Top 10 upcoming IPOs in 2024 in India

Want to plan your investment better? Then check the top 10 upcoming IPOs in 2024 here.

Puranik Builders IPO

This is a residential and commercial real estate developing entity. They are working in Mumbai Metropolitan Region and the Pune Metropolitan Region. The company has finished around 35 projects till now. They have over 17 projects in making. Puranik Builders hopes to raise Rs. 510 crores with an upcoming IPO. It is sure one of the top 10 upcoming IPOs in 2024 in India.

Fab India

This is a company backed by WIPRO’s Azim Premji. It is a retail clothing brand that is both active in offline outlets while also having an amazing online presence and identity. This company has filed its DRHP a long time back. But now it is planning to raise around Rs. 500 crores with a fresh issue of shares.

Tata Play

Earlier known as Tata Sky, this is India’s biggest satellite operator. They have over 19 million subscribers and Walt Disney CO. is their major investor.

Survival Technologies

This is a contract research and manufacturing services focused specialty chemical manufacturer in India. They have sales in abroad as well.

Hexagon Nutrition

It is a fully integrated, research oriented pure-play nutrition company. Its product portfolio addresses many aspects like fortification of foods, therapeutic nutrition, clinical nutrition and malnutrition alleviation.

Inspiria Enterprise India

It provides enterprise solutions. This company is owned by Prakash Jain and family. The Rs. 800 crore IPO here consists of a fresh issue of 300 crore and an offer for sale of Rs. 500 crores. If offers wide solutions cross verticals.

Sahajanand Medical Technologies

Sahajanand Med Tech had filed for an IPO in Rs. 1500 crore with SEBI. It is a major medical device specializing in the research, development, production and marketing of vascular devices around the globe.

One MobiKwik Systems

The Rs. 1900 crore IPO of MobiKwik consists of a fresh issue of Rs. 1500 crore and an OFS of Rs. 400 crores. The issue was to be launched in the Dec 21 quarter but was postponed after the weak listing of Paytm. MobiKwik offers a robust payment wallet as well as a special BNPL (buy now pay later) digital plan for customers and merchants too.

Fincare Small Finance Bank

The rs. 1330 crore IPO of Fincare SB will consist of a fresh issue of Rs. 330 crore and an OFS of Rs. 1000 crore. Fincare all provides services to the largely unbanked population. They will use the fresh funds to boost its Tier-1 capital to make easy loan book expansion in future.

Skanray Technologies

This company’s IPO will consist of a new issue of Rs. 400 crore and an offer for sale of 141.06 lakh shares with the price to be decided. This company focuses on Indian medical device market. It designs, develops and manufactures medical device.