Upcoming IPOs In India 2024

Introduction

Did you know that investors will see interesting IPOs such as Swiggy and OYO Rooms in 2024? Therefore, upcoming IPOs in India for 2024 are generating significant interest among investors. If you are planning to invest in IPOs, here is a complete list of future IPOs in India. In this blog, you will find the latest IPOs likely to enter the market soon. It features top companies along with SMEs (Small and Medium Enterprises) that are expected to go public in the coming months. 

Some of these IPOs can offer great investment opportunities to enhance your portfolio. Read on to know which are the upcoming IPOs.

Which IPOs are upcoming in June 2024?

An IPO or Initial Public Offering is when a company offers its shares to the public for the first time. In the table below, you will see upcoming Mainboard IPOs and SME IPOs in June 2024.

Mainboard IPOs involve larger, well-established companies listed on major stock exchanges like BSE and NSE. SME IPOs are for smaller, growing businesses listed on NSE or BSE. Both types offer you with multiple investment opportunities. While mainboard IPOs are typically seen as more stable, SME IPOs can offer higher growth potential.

Let’s take a look at the IPOs that open in June 2024, including key details and investment opportunities.

What is RHP/DRHP?

RHP stands for Red Herring Prospectus while DRHP stands for Draft Red Herring Prospectus. Both of them are crucial documents in an IPO. Any company planning to go public must submit the DRHP to SEBI, detailing its financials, business model, and risks, but without the price and share details. SEBI then reviews it to ensure transparency and compliance. After approval, the company submits the final RHP, including price and share details, to the Registrar of Companies (RoC). Filing of DRHP & RHP is mandatory as per SEBI regulations.

If you are an investor, these documents are important to go through before investing in a new IPO in India. They give you vital information to decide whether to invest in the IPO, ensuring you make informed decisions.

Also read - Tips to Invest in IPO

Top Forthcoming IPOs in 2024

While you read about IPOs being listed in June 2024, here is a list of future IPOs in India. You can keep an eye on these IPOs as they will be released in the coming months in 2024:

Best Performing IPOs with Listing Gains in 2023 and 2024

Listing gains are the profits you make when the price of a stock goes up on the first day it trades on the stock exchange. In other words, it's the extra money you earn if the stock price is higher than the price you paid for it when you invested in the IPO.

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Here’s a look at some of the top-performing IPOs with substantial listing gains:

The Serious Truth You Should Know About IPOs in 2024

As you can see from the table above, many IPOs have shown substantial listing gains recently. However, did you know that several high-profile Indian IPOs have experienced volatility after listing?

For instance, five prominent Indian IPOs—Paytm, Zomato, Nykaa, Policybazaar, and Delhivery—collectively lost approximately ₹2 lakh crore in market value, highlighting significant post-IPO declines. Following this debacle, many market experts are questioning the valuations of popular start-ups. For example, the Mamaearth IPO drew significant criticism for its high valuations, as presented in its filings.

Despite these challenges, the IPO market in India remains hot, with numerous companies still eager to go public. On this backdrop, it is interesting to see the performance of the future IPOs in India. You can keep a close eye on some interesting upcoming IPOs in India, including Swiggy, Oyo, MobiKwik and more.