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Upcoming IPOs in July 2024 to watch out for

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08 Jul 20246 mins readBy MOFSL

Introduction:

Launching an Initial Public Offering (IPO) is a significant event in a company’s lifetime. It is a process through which a private company goes public and sells its equity shares to retail investors for the first time. An IPO helps a company raise funds and fuel its expansion plans, such as mergers, acquisitions, debt reduction, etc.

As an investor, you can invest in these IPOs for two purposes – make listing gains and exit or stay invested for long-term returns. July 2024 promises to be an exciting month for Indian IPO investors as several promising companies are geared up to get listed on the bourses. 

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In this blog post, you will explore the upcoming IPOs in July 2024 and the essential details, including the issuing company’s fundamentals, opening and closing dates, minimum subscription amount, etc. Keep reading.

Upcoming IPOs in July 2024

As of 30 June 2024, three companies are confirmed to launch their IPOs in July 2024. Other than these companies, at least five more IPOs can hit the markets. Below is the list of the upcoming IPOs in July 2024:

1. Emcure Pharmaceuticals Limited

First on this list of upcoming IPOs in July 2024 is Emcure Pharmaceuticals Limited. This India-based pharmaceutical company plans to raise up to Rs. 1,952.03 crores through its IPO, which opens for public subscription on Wednesday, 3 July 2024. The IPO comprises a fresh issue of up to Rs. 800 crores and an offer for sale (OFS) of up to 11,428,839 equity shares having a face value of Rs. 5 each.

As a retail investor, you can invest in Emcure Pharmaceuticals Limited IPO until Friday, 5 July 2024 within the price band of Rs. 960 to Rs. 1,008 per share. The minimum lot size for investment is 14 shares and the minimum investment required is Rs. 14,112.

2. Bansal Wire Industries Limited

Bansal Wire Industries Limited is the second mainboard company on this list of upcoming IPOs in July 2024. The company, engaged in the manufacturing and distribution of stainless-steel wires, intends to raise approximately Rs. 745 crores through its public offering, comprising a fresh issue and an offer for sale. The IPO opens for public subscription on Wednesday, 3 July 2024 and closes on Friday, 5 July 2024.

Upcoming IPOs to watch: Apply and invest in the future!

As a retail investor, you can apply for Bansal Wire Industries IPO within the price band of Rs. 243 to Rs. 256 per share. The minimum lot size is 58 shares and the minimum investment required is Rs. 14,848. The allotment is likely to be finalised on Monday, 8 July 2024 and the shares can be listed on the exchanges on Wednesday, 10 July 2024.

3. Ambey Laboratories Limited

Ambey Laboratories Limited IPO is the first small and medium-sized enterprise (SME) IPO on this list. The company was incorporated in 1985 and is engaged in the manufacturing of pharmaceutical formulations and crop protection products. The IPO will comprise a fresh issue of 65.52 lakh equity shares aggregating Rs. 44.55 crores and an offer for sale of up to 3.12 lakh equity shares.

The IPO will open for retail subscription on Wednesday, 3 July 2024 and will remain open till Friday, 5 July 2024. Investors can apply within the price band of Rs. 65 to Rs. 68 per share for a minimum of 2,000 equity shares (one lot). The minimum investment amount required is Rs. 1.36 lakh. The IPO allotment is likely to be finalised on Monday, 8 July 2024, and the shares may get listed on the NSE SME and the BSE SME platforms on Wednesday, 10 July 2024.

4. Ola Electric Limited

Ola Electric Limited is anticipated to be one of the biggest IPOs in July 2024. The company is engaged in the manufacturing and selling of electric scooters through offline and online retail channels. The IPO may comprise a fresh issue of up to Rs. 5,500 crores and an offer for sale of 95,191,195 equity shares. Other details, such as the price band, lot size, and subscription dates are yet to be announced.

To conclude

July 2024 promises to be a bustling month for the Indian IPO market. With companies from diverse sectors planning to go public, there are ample opportunities for investors to explore and invest. Conduct thorough research, evaluate the prospects, and make informed decisions to potentially benefit from these upcoming IPOs.


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Disclaimer: The stocks, companies, or financial instruments mentioned in this blog are for informational purposes only and should not be considered as investment recommendations. It is advised to consult with your financial advisor before making any investment decisions. Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Investors are strongly encouraged to carefully read the risk disclosure documents prior to participating in market-related investments or trading activities. Due to the volatile nature of financial markets, no guarantees can be made regarding investment returns. Motilal Oswal Financial Services Ltd. does not offer any assured returns on market-linked securities. Please note that past performance of stocks or indices is not indicative of future results.
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