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Top 20 IPOs to Watch Out For in 2024
Initial Public Offerings (IPOs) are the first sale of shares to the public by a privately-owned company. Going public through IPOs allows companies to raise funds for various purposes such as working capital, debt repayment, acquisitions, and other uses. In India, investors can apply for IPO stocks by filling out an online IPO application offered by stockbrokers and banks. Brokers offer UPI-based online IPO applications, while banks offer both UPI and ASBA IPO applications.
Investing in Initial Public Offerings (IPOs) can be an exciting way to get in on the ground floor of a company’s growth. An IPO is the first sale of shares to the public by a privately owned company. It provides a unique opportunity for investors to participate in a company’s journey from private to public.
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Top 20 IPOs to Watch Out For in 2024
Know about the 20 best IPOs to watch out for in 2024, and consider putting your money on.
1. Plaza Wires Limited
With an issue size of Rs. 71.28 Cr, Plaza Wires Limited is attracting attention in 2023 with its IPOs. The QIB, NII, and Retail subscription rates are 42.84x, 388.09x, and 374.81x respectively. This shows strong investor interest across the board.
Read on – IPO Investment in India – 10 Best Brokers to Consider.
2. Utkarsh Small Finance Bank Limited
With an issue size of Rs. 500.00 Cr, Utkarsh Small Finance Bank Limited’s IPO is one of the largest on the list. In 2023, it has seen a solid subscription rate of 135.71x from QIBs, 88.74x from NIIs, and 78.38x from Retail investors.
3. ideaForge Technology Limited
This tech company’s IPO is worth Rs. 567.29 Cr and has seen strong interest from various categories of investors, including QIBs (125.81x), NIIs (80.58x), and Retail (85.20x).
4. Aeroflex Industries Limited
Aeroflex Industries Limited is going public with an issue size of Rs. 351.00 Cr. It has a high subscription rate from QIBs (194.73x), NIIs (126.13x), and Retail investors (34.41x).
5. Ratnaveer Precision Engineering Limited
This company’s IPO is worth Rs. 165.03 Cr and has seen solid interest with subscription rates of 133.05x from QIBs, 135.21x from NIIs, and 54.00x from Retail investors.
6. Netweb Technologies India Limited
With an issue size of Rs. 631.00 Cr, Netweb Technologies India Limited’s IPO is one of the larger ones on the list. It has strong interest across categories, including QIBs (220.69x), NIIs (83.21x), and Retail investors (19.48x).
7. Vishnu Prakash R Punglia Limited
This company’s IPOs have an issue size of Rs. 308.88 Cr and have seen strong interest, especially from QIBs (171.69x) and NIIs (111.03x).
8. Senco Gold Limited
Senco Gold Limited is going public in 2023 with an IPO worth Rs. 405.00 Cr. It has solid subscription rates, especially from QIBs (190.56x) and NIIs (68.44x).
9. EMS Limited
With an issue size of Rs. 321.24 Cr, EMS Limited’s IPOs have seen solid interest from various categories of investors, including QIBs (149.98x), NIIs (84.39x), and Retail investors (30.55x).
10. SBFC Finance Limited
Then there is SBFC Finance Limited with an IPO size of Rs. 1025.00 Cr, making it the largest on the list. It has solid subscription rates, particularly from QIBs (203.61x) and NIIs (51.82x).
11. MCON Rasayan India Limited
MCON Rasayan India Limited had its IPO on March 20, 2023, with an issue price of Rs. 40. It has witnessed a jump to Rs. 145.40 at BSE and Rs. 263.50 at NSE, amounting to a 263.50% growth.
12. Gayatri Rubbers and Chemicals Limited
Gayatri Rubbers and Chemicals Limited launched its IPOs on February 7, 2023, with an issue price of Rs. 30. It has since escalated to Rs. 107.50 at BSE and Rs. 258.33 at NSE, resulting in a 258.33% gain.
13. Remus Pharmaceuticals Limited
Remus Pharmaceuticals Limited had its IPOs launched on May 29, 2023, with an issue price of Rs. 1229. The stock has appreciated to Rs. 5049.95 at BSE and Rs. 310.90 at NSE, yielding a gain of 311.30%.
14. Krishca Strapping Solutions Limited
Krishca Strapping Solutions Limited is another standout, having launched its IPOs in 2023 at Rs. 54. The company’s stock has since climbed to Rs. 227.00 at BSE and Rs. 320.37 at NSE, resulting in a gain of 494.39%.
15. RBM Infracon Limited
RBM Infracon Limited had its IPO on January 4, 2023, with an issue price of Rs. 36. Since then, its price has surged to Rs. 205.65 at BSE and Rs. 471.25 at NSE, yielding a whopping 1,209.58% gain.
16. Exhicon Events Media Solutions Limited
It went public with an issue price of Rs. 64. It has since witnessed a rise to Rs. 291.00 at BSE and Rs. 354.69 at NSE, translating to a 454.20% increase.
17. Macfos Limited
Macfos Limited made its debut on March 1, 2023, with an issue price of Rs. 102. It has since grown to Rs. 384.75 at BSE and Rs. 277.21 at NSE, marking a 277.21% increase.
Read on – What are the Best SME IPOs in 2023 with the Biggest Listing Profits?
18. Goyal Salt Limited
Goyal Salt Limited made its debut in 2023, at Rs. 38. It has climbed to Rs. 136.10 at BSE and Rs. 258.16 at NSE, marking a 258.16% rise.
19. Quicktouch Technologies Limited
Quicktouch Technologies Limited went public on May 2, 2023, at Rs. 61. It has risen to Rs. 219.50 at BSE and Rs. 259.84 at NSE, signifying a 259.84% increase.
20. Vasa Denticity Limited
Vasa Denticity Limited entered the market on June 2, 2023, at Rs. 128. It has soared to Rs. 471.00 at BSE and Rs. 267.97 at NSE, reflecting a 267.97% gain.
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Conclusion
The market for IPOs in 2024 offers several exciting opportunities for investors. Whether you are interested in finance, technology, or manufacturing, there is something for everyone. Make sure to do your research, consult with a financial advisor, and stay informed about the latest IPO news to make the best investment decisions. Happy investing!
