Big Upcoming IPO in 2024
It will be an exciting close to 2024 for the Indian stock market, as a new wave of the most long-awaited IPOs is all set to enter in October. It promises a mix of rich investment opportunities for both retail and institutional investors, ranging from established industry giants to innovative growth-driven companies.
The Indian stock market has become quite an exciting place, and October seems to be one action-packed month for IPOs. Whether you're an old hand or just getting into the game, this month brings some of the most exciting sectors with the most diverse investment opportunities.
Let's now take a look at the top IPOs in October 2024 :
Hyundai India IPO
Hyundai India will rev up to get onto its IPO debut and is set to take center stage with improvements in electric vehicles (EV) and hybrid technology. At a time when India is embracing clean mobility solutions, the entry of Hyundai into the EV space perfectly converges towards reducing environmental concerns and upwards increasing demand from the consumer side.
Issue Size: 27,870 crore
Offer Date: Oct 15, 2024 - Oct 17, 2024
Issue Price: ₹1865-1960 per equity share
Market Lot: Retail: 7 Shares (₹13,720/-)
S-HNI: 105 Shares (₹2,05,800/-)
B-HNI: 511 Shares (₹10,01,560/-)
Waaree Energies IPO
Waaree Energies, one of the better-known names in solar panel manufacturing, is all set to go public. The Waaree Energies' public offer comes at a crucial point in time as the world seems to be getting more aligned toward sustainable energy solutions. And when India's focus on solar power and clean energy is stronger than ever, the Waaree Energies public offer will bring with it a welcome boost to the solar sector in the country.
Issue Size: ₹4,321.44 Cr
Offer Date: Oct 21, 2024 - Oct 23, 2024
Issue Price: ₹1427-1503 per equity share
Market Lot:
Retail: 9 Shares (₹13,527/-)
S-HNI: 135 Shares (₹2,02,905/-)
B-HNI: 666 Shares (₹10,00,998/-)
Afcons Infrastructure IPO
Afcons Infrastructure is one of the leading players in the booming construction industry in India, along with highways, metros, and smart cities on board. It is sure to see a multiple-fold increase in growth as the government continues to focus on infrastructure development.
Issue Size: Approx 7000 Crores
Swiggy IPO
Swiggy, one of India's biggest food delivery platforms, is finally ready for its much-awaited IPO. From its modest origins as a food delivery service years ago, Swiggy has blossomed into a bouquet of on-demand services, including grocery delivery through Swiggy Instamart. It was indeed the pandemic that speeded up the demand for ordering food and groceries online, and true enough, Swiggy became a household name serving hundreds of millions of customers all over the country.
Issue Size: Approx 10,000 Crores
NTPC Green Energy IPO
NTPC Green Energy, the erstwhile green energy outfit of India's largest power producer, is strategically well-placed to create splashes in the IPO markets. While NTPC Green Energy focuses mostly on solar and wind-hydropower projects, they can spearhead India's ambitious renewable energy targets while the country strives hard to generate 50% of its total electricity from sources that are not polluting by 2030.
Issue Size: Approx 10,000 Crores
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