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Upcoming IPOs in December 2024: Listings to keep an eye on

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Published Date: 26 Nov 2024Updated Date: 30 Dec 20246 mins readBy MOFSL

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Introduction

The IPO market in India over the last few years has garnered special attention. The buzz continues as we enter December 2024. Companies from diverse industries, including healthcare, fintech, manufacturing, and digital commerce, are set to go public. These IPOs reflect the growth trajectories of companies and the evolving nature of India's economy. Investing in them lets you leverage the success of high-riding companies. Read on to explore some of the IPOs you can consider investing in the coming month.

Upcoming IPOs in December 2024

Here's a detailed look at some of the most anticipated IPOs in the upcoming month:

1. Navi Technologies IPO

Navi Technologies has become a disruptive force in India's fintech space. The company focuses on simplifying financial services through products like Navi UPI, mutual funds, health insurance, home loans, cash loans, and personal loans. All of these are delivered digitally for convenience. With a sharp focus on affordability and accessibility, Navi is expected to leverage the IPO proceeds to enhance its technology platform. Also, to expand its service offerings. The IPO is expected to be announced shortly. The issue size is expected to go up to Rs. 3,350 crores

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2. Gold Plus Glass Industry IPO

Gold Plus Group is the second-largest manufacturer of float glass in India. It has about a 22% share in manufacturing capacity for this type of glass. It has a fungible production line that produces a range of clear and value-added glass from one manufacturing facility. Known for its innovative products, the company is positioned to benefit from increasing demand. It is likely to use the IPO proceeds to expand production capacity and streamline operations. The IPO issue size and the date are yet to be disclosed.

3. Zepto IPO

Zepto is redefining the quick commerce industry with its promise to make ultra-fast grocery deliveries in just 10 minutes. The startup's tech-driven logistics system has enabled its rapid urban penetration and a strong customer retention rate. It delivers a range of products ranging from perishables like vegetables, fruits, spices, etc., to essentials like household and beauty items. Zepto plans to enhance its supply chain and heighten its technological capabilities. Hence, the upcoming IPO is expected to be used for the same. Stay tuned for the announcement of the IPO in December or the upcoming months.

4. Survival Technologies

Survival Technologies is a prominent player in the speciality chemicals industry. It specialises in advanced intermediaries and active pharmaceutical ingredients (APIs). The company focuses on the utility, processed equipment, and analytical instrument needs of diverse industries. It satisfies the requirements of sectors like pharmaceuticals, agrochemicals, and fine chemicals. Its focus is strongly on innovation and sustainability. Its IPO is set to be announced with an issue size of up to Rs.1,000 crores soon.

5. Fincare Small Finance Bank IPO

Now AU Bank, Fincare Small Finance Bank mainly serves underbanked and rural populations. It offers tailored financial products such as mini loans and easy-to-operate savings accounts. The bank is deeply committed to improving financial inclusion and empowering small businesses. It became the largest small finance bank in India in 2021 and continues to keep up with its legacy. It focuses its solutions on the evolving needs of consumers. Its IPO is to be announced soon, and the issue size is expected to go up to Rs.1,330 crores.

6. Mobikwik IPO

Mobikwik is one of India's leading digital payment platforms. It has diversified its offerings to include products for both customers and merchants. It includes products such as pocket UPI, digital credit, mutual funds, peer-to-peer lending, and more. The company leverages its extensive user base and innovative financial products to drive revenue growth. The company's IPO is going to be announced soon. As per its DRHP filed with SEBI, the issue size is up to Rs.1,900 crores, with a fresh issue of up to Rs.1,500 crores.

7. PharmEasy IPO

PharmEasy has slowly become one of India's largest digital healthcare platforms. It provides comprehensive healthcare services. They include pharmaceutical products, diagnostic testing, and teleconsultations. The company's vast network ensures accessibility to essential healthcare across urban and rural regions. It plans to enhance its tech capabilities, strengthen logistics, and expand its market reach in the future. This broader vision is set to sour with its upcoming IPO, which will be announced soon.

Conclusion

This IPO lineup combines innovation and growth-oriented companies that reflect India's dynamic economic environment. From fintech leaders like Navi Technologies to healthcare disruptors like PharmEasy, these IPOs provide you with diverse opportunities to align your portfolios with emerging market trends.

As with any investment, it helps to do thorough diligence before investing in these IPOs when they are announced. Understand the company's financial health, market positioning, and future growth prospects. With the right approach, you can earn potentially appealing returns from these in December 2024.