What Are the Upcoming IPOs in 2024? Where to Check the Upcoming IPO List
 Introduction
The IPO market looks headed for a strong 2024, with companies in a number of industries lining up to go public. An IPO is the most important step that a company takes to raise the capital needed toward expansion, reducing debt, or for any other corporate objective. In terms of investors, IPOs are a chance to invest in potentially high-growth companies at ground-floor prices. It also highlights the top upcoming IPOs in 2024, entailing a diverse array of industries, and instructs readers on where to obtain the upcoming IPO list..
Notable Upcoming IPOs in 2024
1. Bajaj Energy:
Bajaj Energy Limited is one of the major power generation companies and is eyeing an IPO launch in 2024. The company primarily generates thermal power and proposes to use the money raised through the IPO for deleveraging and financing future projects. Bajaj Energy’s IPO would remain specially sought after because of the growing demand for energy in India and the presence of its market.
2. Ather Energy:
Ather Energy, one of the top electric vehicle (EV) companies, is targeting a public listing in 2024. This company has been positioning itself through innovative electric scooters and EV infrastructure growth. Most likely, IPO proceeds will be used for ramping up production, expanding the charging network, and research and development. Ather Energy’s IPO will most likely attract environmentally conscious investors and those looking at this ever-growing opportunity in EVs.
3. Droom Technology:
Droom Technology plans to list its IPO in 2024 and is projected to be amongst the largest online automobile marketplaces. The company has been growing exponentially by using technology to facilitate the buy-sell of vehicles. The money raised through the IPO will be used to develop its technology platform, expand geographically, and invest in marketing. For investors seeking to ride this wave of digital transformation taking place in the automobile space, the Droom Technology IPO will certainly prove enticing.
4. Adani Ports and Special Economic Zone (APSEZ):
APSEZ, part of the Adani Group, plans to raise funds through an IPO for its Vizhinjam Port project. The company aims to invest Rs 200 billion by 2028-29 to develop this deep-water, multipurpose port. The IPO will help finance the construction and operational phases of the port, which is expected to boost maritime trade in the region. Given the strategic importance of the project, APSEZ’s IPO is likely to draw substantial investor interest.
5. OYO Rooms:
OYO Rooms, a global hospitality chain, is expected to go public in 2024. The company, which offers budget-friendly accommodation options, has been steadily expanding its footprint worldwide. The IPO proceeds will be used to strengthen its technology infrastructure, enhance customer experience, and fuel further expansion. Investors keen on the travel and hospitality sector will find OYO Rooms’ IPO appealing.
6. Swiggy:
Swiggy, one of India’s largest food delivery companies, is eyeing an IPO in 2024. The company has seen immense growth, particularly during the pandemic due to surging demand for online food delivery. Proceeds from the issue shall be utilised in building and beefing up its delivery network, investing in technology, and diversifying its business. Swiggy’s Initial Public Offer is likely to lure investors betting on rapid growth in food tech.
7. Delhivery:
Delhivery, a logistics and supply chain services provider, is eyeing an IPO in 2024. The company has been at the forefront in terms of e-commerce logistics transformation in India, offering end-to-end solutions. The funds from the IPO would be deployed toward increasing infrastructure, building technology capabilities, and executing strategic acquisitions. Delhivery’s IPO is likely to elicit huge interest from investors who have been focused on the logistics and e-commerce sectors.
8. PharmEasy:
PharmEasy, an online pharmacy and healthcare platform, is expected to launch its IPO in 2024. The company has revolutionized the way healthcare products and services are delivered, providing a seamless online experience. The funds raised will be used to expand its product offerings, improve technology, and enhance customer engagement. Investors looking to tap into the digital healthcare market will find PharmEasy’s IPO enticing.
9. Byju’s:
Edtech giant Byju’s has plans of getting listed by 2024. The organization has changed the education scene completely by taking it online. The money that would be raised would be used for content enrichment, geographical expansion, and technology up-gradation. On the listing front, Byju’s IPO is attracting great eyeballs among investors looking to invest in ed-tech space.
10. Zomato:
Zomato is the other big food delivery player that has lined up for an IPO by 2024. It now has national coverage and has diversified into a wide range of food-related services. Money could also be used toward expansion in its network of delivery people, technology investments, and new lines of business. Hence, Zomato’s IPO would turn out to be one of the prominent events on the radar of investors who want to be invested in the food-tech sector.
 Where to Check the Upcoming IPO List
For investors keen on tracking upcoming IPOs, several reliable sources provide comprehensive and up-to-date information:
1. Stock Exchange Websites:
The official websites of some of the big stock exchanges—the National Stock Exchange and the Bombay Stock Exchange, for example are important sources of information with respect to forthcoming IPOs. This provides data related to the IPO dates and prospectus, amongst others.
2. Financial News Portals:
News and updates on IPOs can regularly be found in websites such as Bloomberg, Reuters, and CNBC. They give in-depth analysis, opinions of experts, and detailed reports on upcoming IPOs and hence become a very valuable aid to investors.
3. Brokerage Firms:
Brokerage firms often have dedicated sections on their websites or trading platforms that list upcoming IPOs. Firms like Zerodha, ICICI Direct, and HDFC Securities provide detailed information, including subscription dates, price bands, and company profiles.
4. IPO Tracking Websites:
Apart from this, there are special websites that are also going to reveal the information about the forthcoming IPO, such as IPO Watch, Chittorgarh, and IPO Central. These websites also present detailed analyses, subscription data, and past performance of other IPOs, which is going to help the investors somewhere in deciding better.
5. Financial Newspapers and Magazines:
Most of the upcoming IPOs are covered under publications such as The Economic Times, Business Standard, and Mint. They bring to the table the expert view, market trends, and a round-up, detailed in tone, of the IPO landscape.
6. Company Websites:
Companies planning to go public often provide information about their IPOs on their official websites. This can include the prospectus, financial statements, and other relevant details that can help investors evaluate the offering.
7. Regulatory Authorities:
Regulatory bodies like the Securities and Exchange Board of India (SEBI) publish information on upcoming IPOs. SEBI’s website offers access to prospectuses, filing dates, and other regulatory filings, providing transparency and ensuring investors have access to critical information.
Conclusion
The IPO market in 2024 promises to be dynamic, with several high-profile companies across various sectors planning to go public. From energy and electric vehicles to hospitality and food delivery, the upcoming IPOs offer diverse investment opportunities. For investors keen on staying updated, there are multiple reliable sources to check the upcoming IPO list. By leveraging these resources, investors can make informed decisions and potentially capitalize on the growth prospects of these companies.
2 thoughts on “What Are the Upcoming IPOs in 2024?”