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Upcoming IPOs in India 2024

Check out the hottest upcoming IPOs to be a part of an IPO success story!

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Company NameIssue DatePrice RangeIssue Size

Kizi Apparels Limited IPO

Allotment On:
- To be announced

To be announced

Allied Blenders & Distillers Ltd IPO

Allotment On:
- To be announced

To be announced

Sahajanand Medical Technologies Limited IPO

Allotment On:
- To be announced

To be announced

Raghuvir EXIM IPO

Allotment On:
- To be announced

18,500,000 equity shares aggregating up to ₹ [●] million

ESDS Software Solution Ltd IPO

Allotment On:Mainboard IPO
- To be announced

To be announced

Sattrix Information Security Limited IPO

Allotment On:
- To be announced

Upto 18,00,000 Equity Shares aggregating to ₹ [●] lakh

Dee Development Engineers Limited IPO

Allotment On:
- To be announced

To be announced

PharmEasy IPO

Allotment On:
- To be announced

To be announced

Navi Technologies IPO

Allotment On:Mainboard IPO
- To be announced

To be announced

JKV Solutions Limited IPO

Allotment On:
- To be announced

27,29,859 Shares

«12345»
Company NameIssue DatePrice RangeIssue Size

Kronox Lab Sciences IPO

Allotment On:03 Jun 2024Mainboard IPO
03 Feb 2025 - 04 Feb 2025₹129 - ₹136

₹130.15 Cr

Vilas Transcore Limited IPO

Allotment On:30 May 2024SME IPO
27 May 2024 - 29 May 2024₹139 - ₹147

₹95.26 Cr

GSM Foils IPO

Allotment On:29 May 2024SME IPO
24 May 2024 - 28 May 2024₹32

₹11.01 Cr

Awfis Space Solutions IPO

Allotment On:28 May 2024Mainboard IPO
22 May 2024 - 27 May 2024₹364 - ₹383

₹598.93 Cr

HOAC Foods India IPO

Allotment On:22 May 2024SME IPO
16 May 2024 - 21 May 2024₹48

₹5.54 Cr

Rulka Electricals Limited IPO

Allotment On:22 May 2024
16 May 2024 - 21 May 2024₹223 - ₹235

₹26.40 Cr

Quest Laboratories IPO

Allotment On:21 May 2024SME IPO
15 May 2024 - 17 May 2024₹93 - ₹97

₹43.16 Cr

Go Digit General Insurance IPO ( Go Digit IPO )

Allotment On:21 May 2024Mainboard IPO
15 May 2024 - 17 May 2024₹258 - ₹272

₹2,614.65 Cr

Indian Emulsifier Limited IPO

Allotment On:17 May 2024SME IPO
13 May 2024 - 16 May 2024₹125 - ₹132

₹42.39 Cr

ABS Marine Services IPO

Allotment On:16 May 2024SME IPO
10 May 2024 - 15 May 2024₹140 - ₹147

₹96.29 Cr

«12345»
To be announced soon

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About IPO

Share markets are of two types - primary markets and secondary markets. Primary markets involve the public investing in the latest upcoming IPOs. IPO or Initial Public Offering is the process through which a previously completely private business opens up its shares to be traded in public on an exchange. When a company goes public, it hires investment banks to make sure that the IPO results in a high influx of capital from the public. 

The process involves significant efforts in due diligence, advertising, and regulatory compliance. The public buying the newly offered shares includes both retail and institutional investors while those selling the shares include promoters and initial investors of the company.

What are Upcoming IPOs?

Upcoming IPOs of 2024 are IPOs of companies that have filed the DHRP or Draft Red Herring Prospectus, and are expected to open in the coming weeks or months of 2024. 

It is important to be up to date about the latest IPOs in the stock market because - 

  • You can then plan your IPO investment strategy properly based on your research on the companies as well as market sentiments regarding the IPOs. Therefore, you can take a more informed decision about the IPO investment. 
  • Even if you do not invest in an IPO right away, you can track the performance of upcoming IPOs. Tracking IPO performances will help you understand the sentiment in the market about IPOs and their sectors in general. It will add to your understanding of the capital markets as a whole and help you time your investments in general.

Who Can Invest in an IPO?

The Securities and Exchange Board of India (SEBI) allows 4 categories of investors to bid for shares during an IPO process -

  1. Qualified institutional investors (QIIs): QIIs include commercial banks, public institutions, mutual funds, and foreign portfolio investors registered with SEBI. SEBI regulations require that institutional investors sign a contract that locks them in the IPO for 90 days. This is done to keep volatility to a minimum throughout the IPO process.
  2. Anchor investors: QIIs who apply for the IPO and have assets worth more than ₹10 crores are considered anchor investors. They are allowed to purchase up to 60% of the shares reserved for the QIIs.
  3. Retail investors: Retail investors can invest up to ₹2 lakhs in each new IPO. Companies must allocate a minimum of 35% of the issue for retail investors under a quota. SEBI has also mandated that if the offer is oversubscribed, all retail investors are to be issued at least 1 lot of shares. If it is impractical to distribute one lot per investor, a lottery system will be used to allocate the IPO shares to the general public.
  4. High-net-worth individuals (HNIs) or non-institutional investors (NIIs): The investor is automatically categorised as an HNI if they opt to invest between ₹2 lakhs to ₹5 lakhs investment in the IPO. On the other hand, non-institutional investors are institutions that seek to invest more than ₹2 lakh. The difference between a QII and an NII is that the NIIs are not required to be registered with the SEBI.

What is the Process of Investing in an IPO Online?

The process of investing in an IPO is a simple one. Follow these simple steps to invest in an IPO via the Angel One app:

  1. Login to your Angel One account and go to the IPO section from the Home page. After due diligence, select the IPO you want to invest in under ‘Open & Upcoming’ IPOs. 
  2. Click on ‘APPLY NOW’ to begin the process of investment.
  3. Enter the number of lots, the bidding price (in case of a book building issue), and your UPI ID.
  4. Click on ‘APPLY FOR IPO’ and confirm your bid.
  5. Accept the payment mandate request sent to your UPI ID to block the necessary funds. Your IPO investment process is now complete!

You can also apply for an IPO directly from your bank account via ASBA (Application Supported by Blocked Amount) as long as your account has a sufficient balance. 

Although your application is submitted, you may not receive the number of shares that you applied for. The following are the reasons why that might happen - 

  1. Oversubscription of the IPO - If the number of shares demanded exceeds the number of shares offered to the public in the IPO, the company may choose to distribute the available shares on a pro-rata basis.
  2. Rejection of your application - Your application for IPO might be rejected if you had entered incomplete or incorrect information or you did not have adequate funds, etc. In that case your money will not be spent and you will not get any shares.

Pre-requisites for Applying for an IPO

The following are the requirements for applying for an IPO in India:

  1. You must be an Indian citizen.
  2. PAN card 
  3. Demat account

You may not need a trading account to apply for an IPO, but you may need it to sell your holdings once the IPO shares are delivered to your account. 

It is also advised that you research the companies whose IPOs you want to invest in. Without due diligence, you should not be committing a large sum of money.

How to Increase Your Chances of IPO Allottment?

You can take the following steps to increase your chances of allocation -

  • Apply from multiple demat accounts.
  • If there is a price band then try bidding at the highest price.
  • Make sure you apply in time i.e. before 4 PM of the final day.
  • If the company going public has a parent company, then you can invest in the parent company and then apply through the ‘Shareholder’ category. Then your chances of allocation will increase.

List of Upcoming IPOs in 2024

Go Airlines
India’s popular budget airline Go Airlines aims to rake up Rs. 3,600 crores through its IPO. The face value of each share will stand at Rs. 10.
Go Airlines has filed papers with SEBI for its initial public offering.

MobiKwik
Leading digital payment platform, MobiKwik, has filed for its IPO in July 2021. MobiKwik IPO would be a combination of a fresh equity share issue of Rs. 1,500 crores along with an offer for sale by selected promoters and shareholders worth Rs. 400 crores.
The platform currently offers its services to 3 million retailers and more than 120 million customers across the country.

ixigo
Travel booking platform ixigo is looking to take the IPO route and raise Rs. 750 crores through initial fundraising. It also seeks to collect Rs. 850 crores with an offer for sale. Two of its existing investors, Elevation Capital and Micromax, would be exiting partially through ixigo’s Rs. 1,600 crores IPO.

Penna Cement
Leading cement manufacturer Penna Cement is planning to raise Rs. 1,550 crores through its initial public offering. This IPO would be a combination of a fresh share issue of Rs. 1,300 crores with an OFS worth Rs. 250 crores. It has already received SEBI’s approval for its IPO launch.
Penna Cement has a strong presence in Eastern and Southern India and comes with an annual manufacturing capacity of about 10 million tonnes.

Keventer Agro
Keventer Agro is one of the popular food and beverage companies in Eastern India. It is a part of the Keventer Group. It is looking to float an IPO to raise Rs. 800 crores.
The company’s valuation is set to touch Rs. 2,500 crores after the public offering.

Fincare Small Finance Bank
Fincare Small Finance Bank has filed for its IPO back in May 2021. This IPO is going to be a combination of fresh share issuance of Rs. 330 crores and an offer for sale of shares amounting to Rs. 1,000 crores.
Fincare Small Finance Bank had the highest growth rate in the country among all small financing entities between FY18 and FY20.

PharmEasy
API Holdings, the parent company of India’s leading digital healthcare platform PharmEasy, has filed for its IPO with market regulator SEBI in November 2021. PharmEasy IPO will have an issue size of Rs. 6,250 crores. This will be an entirely fresh share issue. No shareholder or investor will be selling off their stake in the company through this IPO.

Bajaj Energy
Bajaj Energy is one of the major private players involved with thermal power generation. It has a gross capacity of 24,330 MW. The company intends to raise Rs. 5,450 crores through this IPO.
Bajaj Energy IPO will consist of a fresh issue share of Rs. 5,150 crores with an offer for sale of shares worth Rs. 300 shares.

OYO Rooms
Founded in 2013, OYO Rooms is a leading digital platform offering hospitality services. The company has filed DRHP for Rs. 8,430 crores IPO, which would be a combination of Rs. 7,000 crores freshly issued shares and an offer for sale of Rs. 1,430 crores by its existing investors and shareholders.

Droom
Online automobile marketplace Droom is also planning to take the IPO route in 2024. It has filed papers with SEBI for Rs. 3,000 crores offering. This will include a fresh share issue of Rs. 2,000 crores with an OFS of around Rs. 1,000 crores.
The proceeds will be used for a variety of expenses, including organic and inorganic growth initiatives, general corporate expenses and more.

Navi Technologies
Founded by Sachin Bansal and Ankit Agarwal, Navi deals with lending, microfinance, health insurance, and mutual funds. Navi has already initiated the process of its public offering. It will possibly file its DRHP in the first quarter of the next year.

Snapdeal
Snapdeal is one of the top e-commerce platforms in India. This e-commerce giant will be issuing fresh shares worth Rs. 1,250 crores with its IPO along with an offer for sale of shares by some of Snapdeal’s current shareholders and investors.

Ola
Ola is another major Indian tech start-up that will be launching its public offering in 2024. Although not finalised, various reports suggest that the Ola IPO would come with an issue size of Rs. 15,000 crores.
It has recently wrapped up its pre-IPO funding round.

BYJU’s
Edtech giant BYJU’s, which was founded in 2012, has entered the unicorn club in 2018. BYJU’s is in the process of launching its public offering. Reports suggest that the public offering would help the company to fetch $40- $45 billion.

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Process

Apply IPO With 3 Easy Steps

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Step 1

Open AngelOne App and click on IPO

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Step 2

Select the preferred IPO in the upcoming IPOs list

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Step 3

Bid for the IPO

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FAQs on Upcoming IPOs

How can one apply in upcoming IPOs online?

The online process is a simplified one to apply for IPOs. Investors can apply from the website or mobile app of stockbrokers, using UPI as a payment option.

Log in to the console and enter required and UPI handle details before placing the bid. All IPO application is supported by ASBA or Application Supported by Blocked Amount, which allows the bank to block the amount for the bid value until the IPO.

What are some upcoming IPOs in 2024?

The following are some of the top upcoming IPOs in 2024:

R.K. Swamy Ltd IPO, J.G. Chemicals Limited IPO, Gopal Snacks Limited IPO, Kizi Apparels Limited IPO, Ola Electric Limited IPO, Go Digit General Insurance Limited IPO, Brainbees Solutions Limited IPO, Allied Blenders & Distillers Ltd IPO, Sahajanand Medical Technologies Limited IPO, Sona Machinery Limited IPO, ESDS Software Solution Ltd IPO, Dee Development Engineers Limited IPO, PharmEasy IPO, Navi Technologies IPO, JKV Solutions Limited IPO, TBO TEK Limited IPO, Survival Technologies IPO, Snapdeal IPO, Arohan Financial Services IPO, Createroi Financial Consultancy Ltd IPO, Popular Vehicles and Services IPO.

Some of the major IPOs that have already occurred in 2024 include Exicom Telesystems, Platinum Industries, Mukka Proteins, etc.

Where do I get an application form for an Upcoming IPO?

You need to download the ASBA form to apply for the IPO. There are two ways to get ASBA form – a form provided by the broker you apply through. And secondly, downloading a blank form from the NSE or BSE website.

What do you mean by IPO funding?

IPO funding is a loan offered by NBFCs to retail investors, high net worth individuals, and corporate entities to apply for initial public offerings. The applicant pays only a small amount as margin; the lender funds the rest.

Can I revise or cancel my IPO application?
Investors can modify or cancel an application within the bidding period. Here is the process to follow.

  • The investor has to fill in a revision form to modify the application and give it to the syndicate member.
  • To withdraw IPO application, go to the order book and select the IPO to cancel. The bank will release the blocked amount within two working days.
  • What is IPO Issue Size?

    The IPO size refers to the total monetary value of the IPO, calculated by multiplying the total number of shares by the price per share.

    How to Subscribe to an IPO?

    To apply from Angel One page

  • Log in to the console and select IPO from the list
  • Select IPO you want to apply from the dropdown
  • Enter UPI id and click submit to place your bid
  • You will receive a payment mandate in your UPI id. Make the payment
  • To complete the process, click on the checkbox that suggests you have read and understood the RHP before applying
  • How to check an IPO Start Date?

    Investors can track upcoming IPO dates on the websites of BSE and NSE. The stock exchanges publish a list of IPO listing date vide notice which indicates the dates when an IPO becomes available for trading.

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