In this article, we will talk about Upcoming IPOs in India,We went through a years of IPO in 2023 & It’s time for to 2024 to unfold IPOs
There are a few new companies that already got the go-ahead from SEBI to float an IPO, they are on the Upcoming IPO list in 2024.
Here are the Upcoming IPOs that might hit the primary market in 2024. Here you will find the companies that filed for an initial public offer with SEBI with their DRHP dates and estimated IPO size. Check out the list of companies that already filed DRHP and joined the upcoming IPOs list in 2024.
UPCOMING IPO Feb 2024
| IPO | IPO Size | IPO Date |
| 523.07 | Feb 07- Feb 09 , 2024 | |
| Jana Small Finance Bank Limited IPO | 570.00 | Feb 07- Feb 09 , 2024 |
| Rashi Peripherals Limited IPO | 600.00 | Feb 07- Feb 09 , 2024 |
| Apeejay Surrendra Park Hotels Limited IPO | 920.00 | Feb 05- Feb 07 , 2024 |
| Entero Healthcare Solutions Limited IPO | 1600.00 | Feb 09- Feb 13 , 2024 |
| Exicom Tele-Systems Limited IPO | – | – |
| Platinum Industries Limited IPO | – | – |
| R K SWAMY Limited IPO | – | – |
List of Upcoming IPOs
|
Company Name |
IPO Size (Estimated) |
 IPO Date |
|
   PHARMACEUTICALS & HEALTHCARE |
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Emcure Pharmaceuticals |
Rs.4,500 crore |
Year 2024 |
|
Skanray Technologies |
Rs.400 crore + OFS |
Year 2024 |
|
VLCC Healthcare |
Rs.300 crore + OFS |
Year 2024 |
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|
DIGITAL PLAYS |
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|
Oravel Stays India Ltd (OYO Rooms) |
Rs.7,000 crore + OFS |
Year 2024 |
|
API Holdings (PharmEasy) |
Rs.6,250 crore |
Year 2024 |
|
Droom Technology |
Rs.3,000 crore |
Year 2024 |
|
Ixigo |
Rs.1,600 crore |
Year 2024 |
|
Snapdeal |
Rs.1,250 crore + OFS |
Year 2024 |
|
Inspira Enterprises Ltd |
Rs.800 crore |
Year 2022 |
|
boAt |
 |
Year 2024 |
|
FINANCIAL SERVICES |
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|
Aadhar Housing Finance |
Rs.7,300 crore |
Year 2024 |
|
Five Star Business Finance |
Rs.2,752 crore |
Year 2024 |
|
Northern Arc Capital |
Rs.1,800 crore |
Year 2022 |
|
Fincare Small Finance Bank |
Rs.1,330 crore |
Year 2024 |
|
ESAF Small Finance Bank Ltd |
Rs.998 crore |
Year 2024 |
|
Fusion Microfinance |
Rs.600 crore + OFS |
Year 2024 |
|
Hinduja Leyland Finance |
Rs.500 crore |
Year 2024 |
|
Navi |
 |
Year 2024 |
|
INFRASTRUCTURE SECTOR |
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|
Bajaj Energy |
Rs.5,450 crore |
Year 2024 |
|
Penna Cement |
Rs.1,550 crore |
Year 2024 |
|
Sterlite Power Transmission |
Rs.1,250 crore |
Year 2024 |
|
Paradeep Phosphates |
Rs.1,501 crore |
Year 2024 |
|
Shri Bajrang Power And Ispat |
Rs.700 crore |
Year 2024 |
|
FOOD / FMCG / RETAIL /Â COMPANIES |
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|
Keventer Agro |
Rs.375 crore + OFS |
Year 2024 |
|
Gemini Edibles and Fats |
Rs.2,500 crore |
Year 2024 |
|
Apeejay Surendra Park Hotels |
Rs.1,000 crore |
Year 2024 |
|
Chemspec Chemicals |
Rs.700 crore |
Year 2024 |
|
OTHERSÂ |
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|
Go Airlines |
Rs.3,600 crore |
Year 2024 |
|
Capillary Technologies |
Rs750 crore |
Year 2024 |
|
Seven Islands Shipping |
Rs.600 crore |
Year 2024 |
|
Studds Accessories Limited |
Rs.450 crore |
Year 2024 |
|
ESDS Software Ltd |
Rs.322 crore + OFS |
Year 2024 |
MobiKwik
Leading digital payment platform, MobiKwik, has filed for its IPO in July 2021. MobiKwik IPO would be a combination of fresh equity share issue of Rs. 1,500 crores along with an offer for sale by selected promoters and shareholders worth Rs. 400 crores.
The platform currently offers its services to 3 million retailers and more than 120 million customers across the country.
PharmEasy
API Holdings, the parent company of India’s leading digital healthcare platform PharmEasy, has filed for its IPO with market regulator SEBI in November 2021. PharmEasy IPO will have an issue size of Rs. 6,250 crores. This will be an entirely fresh share issue. No shareholder or investor will be selling off their stake in the company through this IPO
OYO Rooms
Founded in 2013, OYO Rooms is a leading digital platform offering hospitality services. The company has filed DRHP for Rs. 8,430 crores IPO, which would be a combination of Rs. 7,000 crores freshly issued shares and an offer for sale of Rs. 1,430 crores by its existing investors and shareholders.
Droom
Online automobile marketplace Droom is also planning to take the IPO route in 2022. It has filed papers with SEBI for Rs. 3,000 crores offering. This will include a fresh share issue of Rs. 2,000 crores with an OFS of around Rs. 1,000 crores.
The proceeds will be used for a variety of expenses, including organic and inorganic growth initiatives, general corporate expenses and more.Delhivery
Delhivery is a Gurugram-based logistics giant. The company offers logistical and supply chain services across India. It has submitted its draft papers for Rs. 7,460 crores IPO. This would include Rs. 5,000 crores issue of fresh shares. The rest would be an offer for sale.
Ecom Express
Founded in 2012, Ecom Express is another major logistics company planning to go public. The company offers end-to-end logistical services while facilitating first-mile pick-up, network optimization, last-mile delivery and more. It has not yet filed any papers for its IPO.
Navi Technologies
Founded by Sachin Bansal and Ankit Agarwal, Navi deals with lending, microfinance, health insurance, and mutual funds. Navi has already initiated the process of its public offering. It will possibly file its DRHP in the first quarter of the next year.
Snapdeal
Snapdeal is one of the top e-commerce platforms in India. This e-commerce giant will be issuing fresh shares worth Rs. 1,250 crores with its IPO along with an offer for sale of shares by some of Snapdeal’s current shareholders and investors.
Capillary Technologies
Capillary Technologies is a popular Bangalore-based firm offering commerce solutions and omnichannel engagements. It has planned to get listed within the second quarter of 2022. The issue size and other details are not available as of now.
Ola
Ola is another major Indian tech start-up that will be launching its public offering in 2022. Although not finalised, various reports suggest that Ola IPO would come with an issue size of Rs. 15,000 crores. If all goes according to plans, the company will launch its IPO within the first half of 2022.
It has recently wrapped up its pre-IPO funding round.
BYJU’s
Edtech giant BYJU’s, which was founded in 2012, has entered the unicorn club in 2018. BYJU’s is in the process of launching its public offering. Reports suggest that the public offering would help the company to fetch $40- $45 billion.
Swiggy
Online food delivery platform Swiggy is also on the list of upcoming IPOs in 2022. The food delivery giant is presently focused on developing its grocery delivery platform Instamart. It is expected to launch its IPO by the end of 2022.
VLCC Health Care
VLCC Health Care is one of the most popular wellness and beauty brands in India. It has filed its DRHP with the market regulator in September 2021 for its IPO. This IPO will consist of a fresh share issue of Rs. 300 crores with an offer for sale by existing shareholders and promoters.
The company aims to utilise the proceeds from its public offering to build new wellness centres across India and the Gulf region.
Studds Accessories
Studds Accessories is the largest manufacturer of helmets and two-wheeler accessories in India. The Haryana-based company will opt for a Rs. 450 crores IPO that would include fresh issue share of Rs. 98 crores and an OFS of around 39.39 lakhs shares by company shareholders and promoters.