2024 might shape up to be an exceptional year for IPO investors or not, what do you think?
Those fortunate enough to secure IPO allotments in 2023 (of course for good IPOs) have already experienced impressive double-digit returns on their IPO investments. If you missed out the 2023 IPO boom, dont worry 2024 is poised to offer an even more opportunity as many companies seem to have lined up to go public.
The IPO scene witnessed a vibrant 2023, with over 50 mainboard IPOs raising around Rs 50,000 crore. However, the forecast for 2024 is incredibly promising, with expectations of substantial momentum in the IPO market. Projections indicate companies aiming to raise a combined total of at least Rs 1,00,000 crore, more than doubling the funds raised in the previous year. Furthermore, yes they are expected and the size of these offerings is set to double, primarily due to several major IPOs scheduled for the year.
Reports indicate that around 26 companies have secured SEBIs approval for their IPOs, seeking to raise over Rs 30,000 crore. Meanwhile, over 30 companies have already started drafting the DRHPs for approval, collectively eyeing around Rs 50,000 crores.
Those going IPO also include leading entities in the startup and technology space like Ola Electric, Swiggy, Byju’s (for Aakash Educational Services), Brainbees Solutions (parent company of FirstCry), and Oravel Stays (parent company of OYO) are among the frontrunners preparing for substantial IPOs. The full list of expected IPO companies is outlined below.
- Go Digit
- Emcure Pharmaceuticals
- NSE
- OYO
- Ola Electric
- First Cry (Brainbees)
- Awfis Space Solutions
- SBI Mutual Funds
- SBI General Insurance
- BoAt
- Snapdeal
- Aadhar housing
- Wellness Forever
- Mobikwik
- Swiggy
- FabIndia
- Aakash (Education)
- Joyalukkas
PS: While on this topic, do you know that now applying for IPOs through Dhan is a super fast and simple 3-tap experience.
We are further enhancing your IPO experience on Dhan by:
- Introducing Live-Subscription status of IPOs
- Bringing option to Pre-Apply for IPOs
- Adding short summary snipped of the company going public via IPO
- Bringing option to apply in HNI category (over 5 lakh).
Over the above, incase you need more features to be added, do let us know. We would be happy to explore that as well.
Do you believe that, similar to 2023, 2024 might be the year of IPOs? Which company’s IPO are you eagerly anticipating? Do share your insights and analysis!
Thank you,
Shrimohan
