The financial landscape of India is currently vibrant with several Initial Public Offerings (IPOs), Numerous companies from diverse sectors are gearing up to make their debut on the stock market. This phenomenon, often referred to as “IPO Fever” underscores the dynamic nature of India’s economic milieu and the robust appetite for investments. From cutting-edge technology firms to well-established players in traditional industries, the upcoming IPO in India collectively paint a vivid picture of the evolving entrepreneurial spirit in the country.
Upcoming IPOs In IndIa
Investors and market enthusiasts are eagerly waiting as companies from different industries get ready to become publicly traded. The excitement is tangible, signalling a significant event in the stock market.
1. Baweja Studios
The Baweja Studios initial public offering (IPO) amounts to Rs 97.20 crores and follows a book-building process. This consists of a fresh issue of 40 lakh shares, totaling Rs 72.00 crores, and an offer for sale of 14 lakh shares, amounting to Rs 25.20 crores. Subscription for the Baweja Studios IPO begins on January 29, 2024, and concludes on February 1, 2024.
The allotment for this IPO is anticipated to be confirmed on Friday, February 2, 2024. Baweja Studios IPO is set to be listed on the NSE SME, with the provisional listing date scheduled for Tuesday, February 6, 2024.
2. Megatherm Induction Limited
The Megatherm Induction IPO, valued at Rs 53.91 crores, is a book-built issue consisting entirely of a fresh issue of 49.92 lakh shares. Subscription for the Megatherm Induction IPO commences on January 29, 2024, and concludes on January 31, 2024. The allotment process for this IPO is anticipated to be completed on Thursday, February 1, 2024. The IPO is scheduled to be listed on NSE SME, with a tentative listing date set for Monday, February 5, 2024.
The price band for the Megatherm Induction IPO is established between ₹100 to ₹108 per share. The minimum lot size for an application is 1200 shares, requiring a minimum investment of ₹129,600 for retail investors. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots (2,400 shares) amounting to ₹259,200.
3. Harshdeep Hortico
The Harshdeep Hortico IPO, valued at Rs 19.09 crores, is a book-built issue consisting entirely of a fresh issue involving 42.42 lakh shares.Subscription for the Harshdeep Hortico IPO begins on January 29, 2024, and concludes on January 31, 2024. The allotment for the Harshdeep Hortico IPO is anticipated to be concluded on Thursday, February 1, 2024. The IPO is set to be listed on BSE SME, with a provisional listing date scheduled for Monday, February 5, 2024.
The price range for the Harshdeep Hortico IPO is fixed at ₹42 to ₹45 per share. The minimum lot size for an application is 3000 shares, requiring a minimum investment of ₹135,000 for retail investors. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots (6,000 shares) amounting to ₹270,000.
4. Mayank Cattle Food Limited
The Mayank Cattle Food IPO, valued at Rs 19.44 crores, is a fixed-price issue that exclusively involves a fresh issue of 18 lakh shares. Subscription for the Mayank Cattle Food IPO commences on January 29, 2024, and concludes on January 31, 2024. The allotment for the Mayank Cattle Food IPO is anticipated to be concluded on Thursday, February 1, 2024. The IPO is slated to be listed on BSE SME, with a provisional listing date set for Monday, February 5, 2024.
The price for the Mayank Cattle Food IPO is set at ₹108 per share. The minimum lot size for an application is 1200 shares, requiring a minimum investment of ₹129,600 for retail investors. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots (2,400 shares), totaling ₹259,200.
5. The Fonebook
The Fonebook IPO, valued at Rs 20.37 crores, is a book-built issue that comprises exclusively a fresh issue of 29.1 lakh shares. Subscription for the Fonebook IPO commences on January 25, 2024, and concludes on January 30, 2024. The allotment for the Fonebook IPO is anticipated to be concluded on Wednesday, January 31, 2024. The IPO is scheduled to be listed on NSE SME, with a provisional listing date set for Friday, February 2, 2024.
The price range for the Fonebook IPO is established at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 shares, requiring a minimum investment of ₹140,000 for retail investors. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots (4,000 shares), totaling ₹280,000.
6. The Delapex
The DelaPlex IPO, valued at Rs 46.08 crores, is a book-built issue that comprises a combination of a fresh issue of 18 lakh shares, totaling Rs 34.56 crores, and an offer for sale of 6 lakh shares, amounting to Rs 11.52 crores. Subscription for the DelaPlex IPO begins on January 25, 2024, and concludes on January 30, 2024. The allotment for the DelaPlex IPO is anticipated to be concluded on Wednesday, January 31, 2024. The IPO is slated to be listed on NSE SME, with a provisional listing date set for Friday, February 2, 2024.
The price band for the DelaPlex IPO is fixed at ₹186 to ₹192 per share. The minimum lot size for an application is 600 shares, requiring a minimum investment of ₹115,200 for retail investors. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots (1,200 shares), totaling ₹230,400.
Conclusion
The prevailing IPO fever in India signifies a dynamic and flourishing market, with a diverse array of companies from various sectors seeking to capitalise on the opportunity to go public. The surge in Initial Public Offerings not only underscores the resilience of the Indian economy but also reflects the investors’ confidence in the growth potential of these enterprises.
In essence, the upcoming IPOs in India signify not just financial transactions but the collective optimism and aspirations of companies, investors, and the market at large. When looking for the best mobile trading app to invest in IPOs, it’s essential to consider factors such as user-friendly interfaces, real-time market data, and robust security features to ensure a seamless and secure trading experience.
