Upcoming IPOs of 2024 are those initial public offerings from companies that have submitted their Draft Red Herring Prospectus (DRHP) and are expected to launch in the coming weeks or months of the year. Being aware of these upcoming IPOs is important for you because it allows you to plan your investment strategy effectively. One of the best ways to make an informed decision is to seek guidance from a reputed investment advisory firm.
The IPOs of 2024 are diverse, offering a mix of established companies and emerging players across various sectors. In this article, let’s know about upcoming IPOs in 2024, so you can make an informed decision timely.
List of Upcoming IPOs in 2024
| Issuer Company | Open Date | Close Date | Price Range (₹) | Method |
| VRAJ IRON AND STEEL LIMITED | 26-06 | 28-06 | 195.00 – 207.00 | Book Building |
| VIJI FINANCE LTD | 28-05 | 26-06 | 1.50 | RI |
| NAKODA GROUP OF INDUSTRIES LTD | 13-06 | 28-06 | 25.00 | RI |
| GUJARAT TOOLROOM LTD | 14-06 | 12-07 | 8.00 | RI |
| Toplight Commercials Limited | 24-06 | 08-07 | 10.00 | RI |
| Spright Agro Ltd | 24-06 | 12-07 | 13.40 | RI |
Pros and Cons of Investing in Upcoming IPOs
| Pros of Investing in IPOs | Cons of Investing in IPOs |
| Early Access to Potential Growth: You have the chance to buy shares before the general public, potentially leading to significant gains if the company grows. | Volatility: IPOs can be highly volatile in the short term, with prices fluctuating significantly. |
| Price Appreciation: If demand for the shares increases, you may see substantial appreciation from the initial offering price. | Limited Historical Data: New public companies have limited track records, making it challenging to assess their performance accurately. |
| Transparency and Regulations: Companies going public must disclose detailed financial information and undergo scrutiny, providing transparency. | Overvaluation Risk: The hype around a new IPO can lead to overvaluation, potentially resulting in losses if the market corrects the price. |
How to Invest in an IPO?
Investing in an Initial Public Offering (IPO) is a straightforward process that allows individuals to buy shares of a company when it first goes public on the stock market. To invest in an IPO:
- Research: Understand the company’s business model, the industry it belongs to, the company’s financials, and growth prospects before investing.
- Open a Demat Account: You’ll need a Demat account with a brokerage firm to hold and trade shares in electronic form.
- Apply for IPO: Once the IPO opens, submit your application through your broker or bank’s online portal, specifying the number of shares you wish to purchase and the price you’re willing to pay.
- Wait for Allotment: After applying, wait for the IPO subscription period to close. Shares are allotted through a lottery system, and you’ll receive shares if your application is selected.
- Payment: If your application is successful, ensure you have sufficient funds in your bank account linked to your Demat account to pay for the allotted shares.
- Listing and Trading: Once the company’s shares are listed on the stock exchange, you can start trading them like any other stock.
Note This Before Investing in Upcoming IPOs
- Research the Company: Understand its business model, financial health, and growth prospects.
- Market Environment: Consider the current stock market conditions.
- Valuation: Evaluate if the IPO is fairly priced compared to industry peers.
- Investment Horizon: Decide if you’re looking for short-term gains or are willing to hold long-term.
- Underwriter Quality: The reputation of the underwriter can hint at the IPO’s potential.
Conclusion
By researching the companies and understanding market sentiments surrounding the IPOs, you can make informed decisions about your investments. With this, always consider seeking guidance from investment advisory to increase your returns. Even if you choose not to invest immediately, tracking the performance of upcoming IPOs allows you to understand market sentiment and understand trends in IPOs and related sectors.
Reference Links:
https://www.5paisa.com/ipo/upcoming-ipo
https://www.chittorgarh.com/report/ipo-in-india-list-main-board-sme/82/
https://www.kotaksecurities.com/ipo/upcoming-ipo/
https://ipowatch.in/upcoming-ipo-calendar-ipo-list/
https://www.angelone.in/upcoming-ipo
https://www.chittorgarh.com/report/mainboard-ipo-list-in-india-bse-nse/83/
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