This new year will bring some fresh IPOs to the market. Everyone is keen on knowing these January month IPOs. Companies like Innova Captab, Happy Forgings, Mufti Menswear, RBZ Jewellers, and Muthoot Microfin are open for IPO at the end of December 2023. However, many other big giants plan to make public offerings at the beginning of January. While some are yet to file DRHP. We will share details about the companies that expect to open an IPO by the first quarter of 2024.
IPOs to Watch In January 2024:
- Kay Cee Energy & Infra: The IPO will open on 28 December 2023 and close on 2 January 2024 with a face value of Rs. 10 per share. Kay Cee Energy’s IPO price is Rs. 54, and GMP’s price is Rs. 40 on Wednesday. The company specializes in Extra High Voltage Power Transmission.
- Kaushalya Logistics IPO: The IPO will open on 29 December 2023 and close on 3 January 2024 with a face value of Rs. 10 per share. The IPO price is Rs. 75, and the GMP price is Rs. 30 on Wednesday. The company excels in construction, logistics, warehousing, mining, and manufacturing.
- Swiggy: The company plans to open the IPO in the first quarter of 2024. However, the exact is not known yet. The company can pick up seven investment banks for the IPO. Swiggy is a big food delivery company with a well-established market brand value.
- First Cry: The company can file its DRHP before 29 December 2023. It’s a mother and child care e-commerce platform known for its quality baby care range. First Cry expects to release its IPO by the 2024 first quarter for a valuation of $4 billion. The amount raised will range between $500 million to $600 million.
- Ola Electric: Its one of the most awiated IPOs. The company filed preliminary draft papers on 22 December 2023. The IPO will lead to the company’s valuation of around $7-8 billion. The company expects the IPO towards the end of the 2024 first quarter.
- OYO: The company pre-filed its draft papers and can release the IPO by mid-2024. The company excels in providing affordable room stays. The IPO date is not known yet. Oyo had an increasing profit during 2019 to 2021, as per the details. We hope you get enough details about the upcoming IPOs in the article above. We will update the IPO dates shortly.
These were the top expected IPOs for 2024. However, we do prefer you to study about the company before investing. Apart from that, there are other companies as well looking to file the DRHP Mobikwiki, Pay U, Paymate, etc. We hope you get enough details about the upcoming IPOs in the article above. We will update the IPO dates shortly.