India saw 152 IPO listings in 2022, 243 IPO listings in 2023, and 254 IPOs by the end of September 2024. India has undergone IPO deals worth $12.2 billion in 2024, the highest for any country in the world with USA and China trailing for the second and third spots.
There has been a surge in the number of SME IPOs that are being announced. The increase is backed by strong interest from local retail investors and institutions.
Three months remain as we enter 2025 and India has some big IPOs planned before the year ends. In this blog, let us discuss some of the new IPOs that are already announced and some famous IPOs that a lot of retail investors are eagerly waiting for.
HVAX Technologies Limited
HVAX Technologies Limited takes up turnkey projects that concentrate on engineering, procurement, and implementation of controlled environment infrastructure and cleanrooms.
​​​​​​​Get ready to invest: Apply in the best Upcoming IPOs now!
They cater to the pharmaceutical, healthcare, chemical, and FMCG industries. HVAX has successfully delivered 200 projects in India and 15 other countries.
In FY 2024, the company holds an order book valued at Rs 15,364.47 lakhs.
The HVAX Technologies IPO has a total issue size of Rs 34 crores. They are open for subscription from 27th September 2024 to 1st October 2024, with a listing date set for 7th October 2024.
The price range is between Rs 435 and Rs 458 per share, with a minimum lot size of 300 shares, equating to Rs 1,37,400.
Subam Papers
Subam Papers is in the business of manufacturing Kraft paper, Duplex boards, and various paper products. Unlike conventional paper manufacturers, Subam Papers uses waste paper as its raw material instead of wood pulp.
They also use renewable energy from their wind and solar power installations to reduce environmental impact.
Subam Paper’s products serve various industries such as automobiles, textiles, FMCG, food, distilleries, pharmaceuticals, electrical and electronics, printing, and others where packaging is essential.
The Subam Papers IPO has a total issue size of Rs 94 crores. It will be open for subscription from 30th September 2024 to 3rd October 2024. It will be listed on 8th October 2024.
The price range is set between Rs 144 and Rs 152 per share and has a lot size of 800 shares. So, if you want to invest in this IPO, you need to invest Rs 1,21,600.
Saj Hotels
Saj Hotels operates in the hospitality sector. They offer B2B, B2B2C, and B2C hospitality solutions. Their portfolio ranges from traditional resort stays to villa rentals, as well as restaurant and bar properties.
The company currently has resorts at various locations like Mahabaleshwar, Malshej and Pench. They are also developing "Saj Villas" in Goa that offer curated 2 BHK and 4 BHK villas for guests.
The Saj Hotels IPO is raising an issue of Rs 28 crores and will be open for subscription from 27th September 2024 to 1st October 2024. It will be listed on 7th October 2024.
The offer price is set at Rs 65 per share, with a lot size of 2,000 shares.
Now, let’s take a look at some of the most awaited IPOs whose listing dates are yet to be announced:
Hyundai Motor India
The Hyundai IPO is one of the largest IPOs in Indian History.
Hyundai Motor India is a subsidiary of the South Korea-based Hyundai Group. The company manufactures and sells a diverse range of passenger vehicles like sedans, hatchbacks, SUVs, and EVs.
In FY 2024, the company held roughly 15% of the domestic car market and stands as the second largest player after Maruti Suzuki. As of December 31, 2023, Hyundai Motor India operated 1,366 sales outlets and 1,550 service centres across various cities and towns.
The IPO's launch date is yet to be announced as many retail Indians are waiting for this launch.
Swiggy Limited
Swiggy is a prominent online platform for food and grocery delivery in India. Today, it provides food delivery, rapid commerce, and local delivery solutions.
With its quick delivery service, Instamart, Swiggy has emerged as a leader in the space, competing directly with major rivals such as Zomato, Blinkit, and Zepto.
Conclusion
As we approach the end of 2024, many retail investors are eagerly waiting for the announcement of IPO listing dates for popular companies like Hyundai Motor India and Swiggy.
There is no doubt about the potential performance of these companies. However, with the increased interest from retail investors, the frenzy might drive up the prices of these stocks to unprecedented levels.
Therefore, when investing in any of these IPOs, it is important to proceed with caution.
Ensure that you study the DRHP in depth before investing in any IPO. Reading comparative reviews from various market experts can also be helpful. However, make sure to take your time when deciding whether or not to invest.
Financial Calculators: SIP Calculator | SWP Calculator | Compound Interest Calculator | EMI Calculator | FD Calculator | Retirement Calculator | Option Value Calculator | Inflation Calculator | Lumpsum Calculator
Popular Stocks: ICICI Bank Share Price | HDFC Bank Share Price | CDSL Share Price | UPL Share Price | TCS Share Price | BHEL Share Price | Trident Share Price | IRFC Share Price | Adani Power Share Price