A Flourishing IPO Market in 2024
As 2024 unfolds, the primary market is witnessing a vibrant start, following a blockbuster year. So far, three companies, including Doms and Muthoot Microfin, have launched their IPOs. This follows a record-breaking year where approximately 92 companies went public, the highest since 2022.
However, the market is currently experiencing volatility due to factors like rising crude oil prices, geopolitical tensions, and inflation concerns, leading some companies to postpone their IPO plans.
Upcoming IPO List 2024
| 1 | Ola Electric | Electric Vehicle | 700-800 Million USD | India’s first IPO in the motor sector in around 20 years |
| 2 | FirstCry | Omnichannel Marketplace | ₹1,816 Crore | Plans to expand into Saudi Arabia |
| 3 | Aakash (Byju’s Subsidiary) | Education | – | Acquired by Byju’s for $950 Million |
| 4 | PhonePe | Digital Payments | – | Valued at $12 Billion after Walmart’s investment |
| 5 | Oyo Rooms | Travel Booking Platform | $400-600 Million | IPO size slashed by almost half |
| 6 | PharmEasy | Healthcare & Pharmacy | ₹3,950 Crore | Owned by Tata |
| 7 | PayU India | Financial Services | – | Part of Prosus |
| 8 | Swiggy | Food Delivery | – | Valued at $10.7 Billion |
| 9 | MobiKwik | Mobile Wallets & Buy Now, Pay Later | ₹1900 Crore | One of India’s largest mobile wallets |
| 10 | Jyoti CNC Automation | CNC Machines Manufacturer | ₹1000 Crore | – |
| 11 | Allied Blenders and Distillers | Liquor | ₹2000 Crore | Largest Indian-owned IMFL company |
| 12 | Balaji Speciality Chemicals | Chemicals | ₹425 Crore | Niche chemicals manufacturer |
| 13 | EbixCash | Digital Products & Services | ₹6000 Crore | – |
| 14 | ESDS Software | Cloud Services | – | – |
| 15 | CMR Green Technologies | Aluminium and Zinc Die-Casting Alloys | – | One of the largest producers |
| 16 | Hexagon Nutrition | Nutrition Products | ₹600 Crore | Based in Mumbai |
| 17 | Go Air | Airline | ₹3600 Crore | One of the largest airlines in India |
| 18 | Skanray Technologies | Medical Devices | – | Key player in the Indian Medical Device Market |
| 19 | Tata Play | – | – | – |
| 20 | FirstMeridian Business | – | – | – |
Strategies to Enhance IPO Allotment Chances
Improving the likelihood of securing an IPO allotment is a multifaceted challenge, with no guaranteed formula for success. The probability of a company successfully launching an initial public offering (IPO) fluctuates widely, influenced by various factors unique to each company and the prevailing market conditions.
Nonetheless, certain strategies can bolster your chances.
Key strategies include establishing a robust financial foundation for your company, ensuring efficient management with the necessary skills and technological resources, crafting a compelling business vision, and developing a clear growth trajectory.
Staying abreast of industry trends and outpacing potential competitors also plays a crucial role in enhancing your IPO prospects.
Requirements for IPO Application
Applicants aiming for an IPO must possess a substantial business acumen, particularly in navigating the Capital Markets Process. Preparing your company for an IPO entails a deep comprehension of the stock market and the broader Capital Markets Process.
The Capital Markets Process encompasses the complete system of capital generation, including the IPO procedure. This process is a multifaceted mechanism that enables the public sector to accumulate capital for funding various projects, acquiring goods and services, and offering other services
