Upcoming IPO
IndiaFirst Life Insurance Company
Offer Date: TBA - TBA
Polymatech Electronics
Offer Date: TBA - TBA
Upcoming Mainboard IPOs Expected in the Coming Months of This Year and Next Year: Hero Motors IPO, Waaree Energies IPO, Diffusion Engineers IPO, Hyundai Motor India IPO, Transrail Lighting IPO, Patel Retail IPO, IndiaFirst Life Insurance Company IPO, Swiggy IPO, Hero FinCorp IPO, Indo Farm Equipment IPO
DRHP-filed IPOs or the companies that can go public in the coming weeks or months are 2024’s upcoming IPOs.
About IPO
An IPO is like a company's big debut on the stock exchange platform, where the shares are offered to the public for the very first time! Think of it like the company is telling you, "Hey, we're ready for the spotlight and want you to join the show!" Investors get a chance to buy in early and potentially ride the wave of success. It's a great opportunity to be part of the company's growth story right from its very first public performance.
What are Upcoming IPOs?
Upcoming IPOs are the IPOs that have filed DRHP or are planning to file DRHP soon and are expected to go live for subscription in the coming weeks/months of 2024.
Who Can Invest in the IPO?
An IPO issue is open for various participants to invest in its offer. These include—
- Retail Investors: Individual investors who want to buy shares in the IPO.
- Institutional Investors: Mutual funds, pension funds, hedge funds, insurance companies, etc.
- Qualified Institutional Buyers (QIBs): Institutional investors who meet certain regulatory requirements.
- HNIs: High-net-worth individuals bidding for shares worth more than 2 lakhs.
- Company Insiders and Employees: Company's executives and employees receiving shares at the IPO price.
Steps to Apply for an IPO
- Research the IPO and understand the company and its financial health.
- Set up a brokerage account with a firm that deals in IPOs.
- Express your interest in the IPO during the subscription period via your brokerage account.
- Receive shares via allotment after the subscription window closes.
- Shares get credited to your depository account before IPO listing.
- Trade the shares once they are listed on the stock exchange.
- Monitor the company's performance for long-term gains.
How to Increase Your Chances of IPO Allotment?
Applying from multiple demat accounts using different PAN numbers is the key to increasing your probability of allotment. Also, open a brokerage account and ensure you meet its eligibility criteria. Participate in book-building IPOs by bidding at the cut-off price, and submit your application as early as possible.
Check our blog on how to increase chances of IPO AllotmentPrerequisites for Applying for an IPO
- Brokerage Account with a participating broker.
- Demat Account for holding shares in electronic form.
- KYC verification with your broker.
- PAN Card for tax purposes.
- Linked Bank Account for IPO amount deduction and share allotment.
- Minimum Investment Amount as specified by the IPO.
- Properly filled IPO Application Form.
- Availability of funds in your bank account for applying to the IPO.
FAQs
Ans. The minimum investment for retail investors is generally between 13,000 to 15,000 INR. However, the maximum investment is restricted to 2 lakh INR.
Ans. Yes, you need a DMAT account to invest in an IPO along with a trading account through which you can sell the allotted shares in the market. If you don't have an account already, IPO Ji offers a tailored interface to open a DMAT account with your favorite broker in a few steps for FREE*.
Ans. A DRHP is a Draft Red Herring Prospectus, a preliminary document that a company files with the regulatory authorities before its IPO. It includes all details about the business and financials concerning the IPO offering but excludes information on the final issue price. This document is used to gauge investor interest and finalize the IPO details.
Ans. In simple terms, a DRHP is a draft prospectus filed with regulators, including a preliminary description relating to the IPO, but it does not include the final issue price. The RHP (Red Herring Prospectus) is the final form with regulatory approval, including the final issue price and allotment information.
Ans. Yes! Smart investors often invest their money in IPOs. While there are chances that the IPO may open at a discount, most IPOs in history have opened with significant premiums. Therefore, investing in IPOs is generally considered a good idea, with the chances of profit outweighing the risks.
Ans. One should thoroughly research the company’s financial records of the past 3 years and check how they plan to use the funds raised from the IPO. It is also a good idea to assess whether the listed price is over-valued or under-valued based on the company’s market reputation.
