The Indian stock market offers great investment opportunities to investors. Futures and options, stocks, ETFs, mutual funds, and various other avenues are available for investment. Initial Public Offering or IPO serves as a great option for investors who wish to take advantage of a new company listing on the stock market. Companies obtain funds from IPOs and investors receive an oppressive to earn a premium on the same. Following is the list of 5 popular upcoming IPOs that will be listed in 2024 on the Indian stock market that investors should look forward to.
- OLA IPO
OLA India is a cab-hailing service-providing company. With a wide customer base, OLA plans to release its IPO making it a lucrative option for investors. The company has ventured into various areas like electric two-wheelers, food delivery, and even financial services. The IPO aims to raise ₹ 5,500 crores which is quite substantial. The company aims to use the amount for expansion, research and development, and company growth. OLA India is a leader in the cab-hailing service market which makes its IPO the most sought after.
- Bajaj Housing Finance IPO
Bajaj Housing Finance, a subsidiary of Bajaj Finserv, has filed its papers for an IPO of ₹7000 crores with SEBI. The public offering is ₹4000 crores while the remaining ₹3000 crores is set for an offer for sale. The company is best known for offering various housing finance services like home loans, and construction finance. The company has even clocked a profit of ₹1731 crores in 2023-2024 which is a substantial increase of 38% from the previous year. The company with its wide reach and strong market presence wishes to use the funds to expand its loan book and establish better infrastructure.
- Niva Bupa IPO
Niva Bupa plans to launch its IPO of ₹3000 crores. Being a joint venture between Max India and Bupa, Niva Bupa offers an extensive range of health insurance products that are known for their affordable premiums and competitive offerings. Catering to a wide customer base and with an increase in demand for health insurance, the company plans to use the amount for increasing the health insurance portfolio offerings.
- Hyundai IPO
Hyundai Motor India, a subsidiary of the South Korean automotive company, has filed a draft with SEBI for an IPO of ₹25,000 crores. The company has a strong market presence, wide automobile offerings, positive profit and volume growth, and a strong distribution network. The company plans to use an IPO amount for research and development, creation of new models, expansion of production capacity, and investment in the electric vehicle market. Hyundai has seen robust growth and is a strong competitor of various leading automobile brands which makes it a worthy option for IPO investment.
- FabIndia IPO
FabIndia offers an extensive range of products like traditional apparel, accessories, personal care, home decor, and food products. With a strong market base, the company has plans to launch its IPO of ₹4000 crores to expand its product line and store chains. The company wishes to invest in the digital landscape as well to serve customers effectively. With an annual growth rate of more than 15% and a strong presence in different states in India, FabIndia IPO should be on the list of prospective investment avenues of investors.
All the upcoming IPOs have their strengths and weaknesses. Careful and in-depth analysis of the IPOs and proper research in company financials and moreover the right investment app
can help investors in making the right choice.