IPO or Initial Public Offering, is like a birthday for a company. It’s when a company decides to share its ownership with the public, meaning regular people like you and me can buy a part of that company. The company does this by selling its shares on the stock market. This helps the company get more money for things like growing the business.
Let’s Take A Sneak Peek into the 10 Upcoming IPOs of 2024
Bajaj Energy Ltd:
Bajaj Energy Ltd. (BEL) and Lalitpur Power Generation Company Ltd. (LPGCL) are big companies that make electricity in Uttar Pradesh. They build, pay for, and run power plants that use heat to make electricity in India.
BEL has power plants that use coal to make 450 megawatts of electricity in 5 places in Uttar Pradesh. Altogether, Bajaj Energy can make 2,430 megawatts of electricity. This includes 450 megawatts from 5 plants owned by BEL (called “BEL Power Plants”) and 1,980 megawatts from a plant owned by LPGCL (called “LPGCL Power Plant”).
In the future, BEL wants to buy all of LPGCL using the money they get from the IPO offer.
Emcure Pharmaceutical:
Emcure Pharmaceutical is a top Indian company that works on making and selling a wide variety of medicines around the world. It is the biggest pharmaceutical company in India for women’s health, blood-related issues, and medicines for HIV. They have a lot of different kinds of medicines, including ones you take by mouth, ones you inject, and even biologics. They’re also working on a COVID-19 vaccine using a special technology, and their medicines are available in more than 70 countries.
Imagine Marketing (boAt)
Imagine Marketing, known by its popular brand “boAt,” is a company that sells consumer products online. It’s one of the biggest Indian brands that sell things online and made a lot of money in 2021. They started in 2013 and their main brand, boAt, came to life in 2014. They sell all kinds of things like headphones you plug in, wireless headphones, speakers you connect with Bluetooth, and even things like smartwatches and accessories for gaming. They’ve got a wide range of products, including stuff for your phone and personal care items.
Aadhar Housing Finance Limited
Aadhar Housing Finance Limited helps people with money to buy or build their homes. They offer different types of loans for things like buying a house, making improvements, or getting commercial property. They have lots of branches, around 292 of them, in 20 different places across India, making it easy for people to reach them.
As of March 31, 2020, they were the biggest company in India that helps people with affordable housing, with the most customers and the highest amount of money given out for homes in the year 2020.
Go Digit:
Go Digit General Insurance Limited stands out as a major player in the world of digital insurance. They use technology to create unique insurance plans and make the whole insurance process better for people. The company offers different types of insurance like motor insurance, health insurance, travel insurance, property insurance, marine insurance, and more. Customers can even adjust these plans to fit what they need.
Being a digital insurance company means they use a mix of insurance and technology to help with things like signing up for insurance, dealing with insurance claims, making decisions about insurance, managing policies, looking at data, and finding fraud. They’re growing really fast and are counted among the top 10 private insurance companies when it comes to how much money they make from insurance.
Studds:
Studds Accessories Limited is a major maker of helmets for motorcycles all around the globe. They don’t just do helmets; they also make other things that go with motorcycles, like bags, gloves, guards for keeping your helmet safe, rainwear, and glasses. They started doing this in 1975, and now a lot of people know their brand. You can find their products in many places, not just in big cities but also in smaller towns and countryside areas all over India.
Fabindia:
Fabindia is a special Indian store where you can find clothes, home items, fabrics, and unique products made by talented craftspeople in rural areas of India. Fabindia is a brand with a long history that cares a lot about handmade, local things. They’ve built their name around preserving traditional crafts in different categories of products. Fabindia helps connect around 50,000 craftspeople from rural areas to people in cities, creating jobs in the countryside and keeping India’s traditional crafts alive.
OYO:
OYO is a big and modern technology platform that helps a lot of hotels and places to stay all over the world. They’ve been doing this since 2012, with a special focus on short stays. What’s interesting is their way of doing business. They take places that might not be well-known or used much and turn them into popular, digital spots that make more money. OYO offers people nice places to stay at really good prices.
MobiKwik:
One MobiKwik Systems Limited started working in 2009 and created MobiKwik Wallet, where people can put money and easily make payments. It’s one of the biggest mobile wallets and also lets you buy now and pay later in India. They also help online shops by providing a way for them to get payments from customers.
Snapdeal:
Jasper Infotech is the company that owns Snapdeal. It started in 2007 as a business that gave out coupon booklets and later became a website for finding good deals online in 2010. Then, in 2012, it turned into a place where you can buy and sell things on the internet. Snapdeal has lots of different things to buy in categories like lifestyle. It’s not just for people in one part of the country; it’s for everyone. They want to bring in customers who like good value and are from places outside the biggest cities in India.
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Disclaimer: Investing in Initial Public Offerings (IPOs) involves risks, and individuals should carefully consider their financial situation and risk tolerance before making any investment decisions. The value of IPO shares can go up or down, and there is no guarantee of profit. It is advisable to conduct thorough research, review the company’s prospectus, and seek professional financial advice if needed before deciding to invest in any IPO. Past performance is not indicative of future results, and market conditions can change. Individuals should only invest money they can afford to lose and be aware of the potential for both gains and losses in the stock market.