There are two types of share markets; primary and secondary markets. Public investments in upcoming initial public offerings are also part of the share market. An initial public offering or IPO is the process through which a completely private company lists its shares for trading on stock exchanges. When a company goes public, it hires investment banks to make sure that an initial public offering brings in large inflows of capital from the public.
Significant efforts are made in due diligence, advertising and regulatory compliance during this process. Both retail and institutional investors as well as promoters and initial shareholders of the company shall be included in the public buying or selling of newly issued shares. To learn about upcoming IPO, read this article below.
Upcoming IPOs
The upcoming Initial Public Offerings of 2024 are companies which have filed the DHRP or Draft Red Herring Prospectus and are likely to be launched in a few weeks or months from now.
- MobiKwik
MobiKwik's initial public offering would consist of a fresh issue of equity amounting to 1,500 crores. It also has an offer for sale (OFS) by the promoters and shareholders who are valued at 400 million. More than 3 million retailers and over 120 million customers across the country are currently served by this platform.
- Go Airlines
Go Airlines, India's favourite budget airline plans to raise a total of 3,600 crores from its initial public offering. Each share will have a face value of Rs.10. For its initial public offering, Go Airlines applied with SEBI.
- Ixigo
Ixigo, a travel booking platform, is looking to raise INR 750 crores through an initial public offering. With an offer for sale, it also wants to raise the amount of INR 850 crores.
- PharmEasy
The parent business of PharmEasy, the top digital healthcare platform in India, API Holdings, filed for its initial public offering (IPO) with SEBI in November 2021. The issue size of PharmEasy's Initial Public Offering will be Rs. 6,250 crores. This is going to be a completely fresh issue of shares. Through this initial public offering, no shareholders or investors will sell their shares in the company.
Conclusion
Based on your research into the companies and market sentiment relating to IPOs, you can build a proper investment strategy for them. Therefore, it is possible to make a better decision about investments in IPOs. You can follow the performance of forthcoming initial public offerings if you don't start investing in them immediately. It will help you understand the sentiment in the market regarding IPOs and their sectors as a whole. This will add to your understanding of the capital markets as a whole and help you manage investments more effectively. To invest in the latest IPOs check out the online portal of BlinkX, a leading brokerage house in India.
