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In the stock market, Initial Public Offerings (IPOs) represent a significant milestone for companies seeking to transition from privately held entities to publicly traded enterprises. These latest IPOs not only offer opportunities for companies to raise capital but also provide investors with the chance to get in on the ground floor of potentially groundbreaking ventures.
As we venture into 2024, anticipation is high as several notable companies prepare to go public, promising to reshape industries, redefine markets, and captivate investors.
Join us as we delve into the most anticipated IPOs of 2024, exploring the companies, their innovations, and the potential impact they may have on the global economy and investment landscape. From groundbreaking technologies to transformative business models, these IPOs are set to make waves and shape the future of investing in the years to come.
Ola Electric Mobility
Ola Electric Mobility is planning an initial public offering (IPO) to consolidate its leadership in this surging space. At the Ola Future Factory, the company will manufacture EVs and parts like battery packs and motors, boosting the manufacturing of these components in India.
The IPO comprises a fresh issue of new shares and an offer for sale by existing shareholders, and it is expected to collect Rs. 5500.00 crores for expansion. This strategic move underlines Ola Electric’s ambition to lead in the eco-friendly transport market.
Brainbees Solutions Limited
Launched in 2010, this was the first brand from Brainbees Solutions, “FirstCry,” which aspires to be the one-stop-shop solution to parenting needs in India by combining shopping with advice, community, and education. As of December 2022, FirstCry led in Gross Merchandise Value (GMV) for the market segment. It is now lining up for an Initial Public Offering (IPO) to raise equity capital for the company, whereby it will issue shares at a price of Rs. 2 per share.
The IPO was through a fresh issue aggregating funds up to Rs. 1,816.00 crore and included an offer for sale of over 54 million shares by various sellers. In addition, it had been considering a pre-IPO private placement of Rs. 363.20 crores, which had to be adjusted towards the fresh issue size. The company and the selling shareholders, in consultation with the book running Lead Managers, may, by the SEBI ICDR Regulations, decide the Offer Price or Price Band and the Bid Lot.
One Mobikwik Systems
The One Mobikwik Systems Limited, a primarily app-based digital platform, focuses on executing simple and effective payment transactions between consumers and merchants. The platform identifies its operations in two crucial fields: payments and financial services.
The payment side focuses on the growth of the user and merchant network, with transactions being seamless, instant, and secured via the MobiKwik app, accepting payments across UPI, Wallet, and Cards forms. The financial service aims to empower the underprivileged in India by leveraging technology for their financial inclusion. The company seeks to mobilise huge capital and intends to come out with an Initial Public Offer (IPO) of equity shares. The IPO consists of an offer fresh issue portion seeking to raise up to Rs. 700 crores, which can be adjusted based on pre-IPO placements. The final objective is to widen services and reach.
Orient Technologies Ltd
Orient Technologies Limited has announced an Initial Public Offer (IPO) for the offering of up to 4,600,000 equity shares with a face value of Rs. 10 each. The IPO consisted of a fresh issue of equity shares aggregating to Rs. 120.00 crores and an offer for sale of 4,600,000 shares by Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre, and Hemant Mahendra Choudhari. This will be the price band premium as a percentage of the offer price over the face value to diversify ownership and support its growth strategy. The offer represents a percentage of the post-offer paid-up equity share capital. However, the company will decide on the price band and minimum bid lot. This strategic financial initiative aims to leverage market opportunities and enhance value in the company.
Conclusion
As we look ahead to the brightening prospects of the Indian market landscape in 2024, the upcoming IPOs promise to light up a highway ripe with potential and opportunity. And so, each IPO—be it of the big, established players of the industry or some promising new startup—stands as another opportunity for the investors to be part of India’s economic progress.
From tech innovations to disruptive business models, every investor has something in store for them who wishes to ride the wave of growth that India offers. Therefore, the best demat account in India is important for them to take part in those IPOs with such a keen lot’s interest. A reliable and efficient Demat Account Provider not only smoothens the transactions but also handles the shares properly, thus adding value to the whole investment experience.
