Can I invest in an IPO without a demat account?
- Answer Field
-
As per SEBI’s guidelines, you must have a demat account to invest in any IPO.
BAJAJ BROKING
When a company opens a portion of its shares for retail investors to invest in, it goes public with a process called Initial Public Offering or IPO. To launch an IPO, a company first hires a team of underwriters to prepare a Draft Red Herring Prospectus or DRHP. This document is then sent to SEBI for approval to issue an IPO. The companies that have just filed their DRHP with SEBI or are still awaiting its approval are referred to as upcoming IPO. As an interested investor, you must conduct a thorough research and comparative study on IPOs before investing in one.
To help with your research, this blog will take you through some sector-wise upcoming IPOs in 2024.
The tables below will take you through the upcoming IPOs for the year 2024.
Financial Sector
Company | IPO Open Date | IPO Closing Date | Price Band |
Go Digit General Insurance Limited | Yet to be announced | Yet to be announced | – |
Arohan Financial Services | – | – | – |
Fincare Small Finance Bank | – | – | – |
Navi Technologies | – | – | – |
MobiKwik | – | – | – |
PayU India | – | – | – |
PhonePe | – | – | – |
Healthcare
Company | IPO Open Date | IPO Closing Date | Price Band |
PharmEasy | – | – | – |
Medi Assist Healthcare Services Limited | 15th Jan 2024 | 17th Jan 2024 | ₹397 to ₹418 per share |
Garments and Apparel
Company | IPO Open Date | IPO Closing Date | Price Band |
FirstCRY | Yet to be announced | Yet to be announced | Yet to be announced |
Shoora Designs Limited | – | – | – |
FabIndia | – | – | – |
Brainbees Solutions Limited | – | – | – |
Saraswati Saree Depot Limited | – | – | – |
Iron and Steel
Company | IPO Open Date | IPO Closing Date | Price Band |
Vraj Iron and Steel Limited | Yet to be announced | Yet to be announced | Yet to be announced |
Vibhor Steel Tubes Limited | – | – | – |
Engineering and Construction
Company | IPO Open Date | IPO Closing Date | Price Band |
Dee Development Engineers Limited | Yet to be announced | Yet to be announced | Yet to be announced |
SRM Contractors Limited | – | – | – |
Diffusion Engineers Limited | – | – | – |
Denta Water and Infra Solutions Limited | – | – | – |
Power and Renewables
Company | IPO Open Date | IPO Closing Date | Price Band |
Rays Power Infra Limited | Yet to be announced | Yet to be announced | Yet to be announced |
Waaree Energies Limited | – | – | – |
Exicom Tele-Systems Limited | – | – | – |
Ola Electric Mobility Limited | – | – | – |
Agriculture
Company | IPO Open Date | IPO Closing Date | Price Band |
Indo Farm Equipment Limited | Yet to be announced | Yet to be announced | Yet to be announced |
Sanstar Limited | – | – | – |
Hospitality and Real Estate
Company | IPO Open Date | IPO Closing Date | Price Band |
Arkade Developers Limited | Yet to be announced | Yet to be announced | Yet to be announced |
Apeejay Surrendra Park Hotels Limited | – | – | – |
Juniper Hotels Limited | – | – | – |
Logistics
Company | IPO Open Date | IPO Closing Date | Price Band |
CJ Darcl Logistics Limited | Yet to be announced | Yet to be announced | Yet to be announced |
Western Carriers (India) Limited | – | – | – |
Chemicals
Company | IPO Open Date | IPO Closing Date | Price Band |
Shiva Pharmachem Limited | Yet to be announced | Yet to be announced | Yet to be announced |
Stallion India Fluorochemicals Limited | – | – | – |
Kronox Lab Sciences Limited | – | – | – |
As per mandate by SEBI, investors belonging to the following categories can invest in
upcoming IPOs in India.
Individuals who can invest up to Rs. 2 lakh are retail investors. IPO issuing companies must allot 35% of their public issues to retail investors. SEBI also requires companies to issue at least 1 share to retail investors in case of oversubscription of shares.
Mutual funds, commercial banks, foreign portfolio investors and public institutions are categorised under Qualified Institutional Investors or QII. According to SEBI, companies must sign an agreement with these institutional investors that locks their funds for 90 days.
QIIs applying for IPO who hold assets worth Rs. 10 crore and more are anchor investors. These investors can buy 60% of the shares allotted for QII investors.
SEBI categorises an investor as High Net Worth investors who opt to invest between Rs. 2 lakh to Rs. 5 lakh in IPO. Whereas, Non-Institutional Investors are those who invest above Rs. 2 lakh.
You can follow the simple steps below to start your investment journey with the sector-wise
upcoming IPO in 2024.
Step 1: Open our trading platform and navigate to our IPO section.
Step 2: You will notice a list of IPOs, click on ‘Apply Now’ next to the IPO of your choice.
Step 3: A form will appear; here, you must enter basic details along with your desired lot size and price for the shares.
Step 4: Click on ‘Submit’ to confirm your IPO investment.
The points below will take you through a brief knowledge of some of the
sector-wise upcoming IPOs in 2024.
Financial sector
Walmart-owned PhonePe is planning to go public this year. Owing to this company’s strategic diversification among customers as a popular digital payment system, this company expects a positive demand for its upcoming IPO in 2024.
Go Digit aims to offer a transparent, simplified and innovative experience while buying insurance policies. The company is among the leading full-stack and technology-based insurance companies that provide non-life insurance policies. Go Digit is offering equity shares worth Rs. 12,500 million as a fresh issue and up to 109,445,561 shares as an Offer for Sale.
One MobiKwik is India’s one of the largest buy now and pay later (BNPL) platforms and mobile wallets today. As a technology-first company, it relies on machine learning and big data analytics to cater to customer needs.
Healthcare Sector
Under the parent company, API Holdings, PharmEasy is one of the India’s top digital healthcare platform. PharmEasy works as an end-to-end business platform that provides digital tools and information to customers on health and illnesses, and offers diagnosis and radiology tests, teleconsultations and treatment protocols.
Garments and Apparel Sector
FabIndia is an established lifestyle platform that focuses on delivering an omnichannel experience to its customers across India with 309 outlets. This company offers varied lifestyle products of lifestyle, garment, apparel and accessories, home and personal care category. FabIndia will soon launch a fresh issue worth Rs. 5,000 million and 25,050,543 shares as an offer for sale.
FirstCRY, a subsidiary of BrainBees Solution Limited is a multi-channel retail platform for mothers, babies and kid’s products. Launched in 2010, this company is a one-stop solution for all kinds of parenting needs for soon-to-be moms and new parents. This company is soon going public with a fresh issue worth up to Rs. 18,160 million and 54,391,592 equity shares as OFS.
Consider keeping the following points in mind as you venture ahead to invest in the upcoming IPO in 2024.
Draft Red Herring Prospectus is a document that companies prepare with the help of underwriters. It consists of every detail about the company that you must know before investing in its IPO. You can rely on the authenticity of this document to get accurate details on the company’s business model, finances, liabilities, litigations and other stats.
While studying the DRHP, consider paying special attention to the strengths, weaknesses, external threats and opportunities that can affect the company’s business for better or worse. These factors will let you know how much potential that company’s stocks might hold in the forthcoming days.
To invest in an IPO, you must first know for what purpose the company is planning to raise capital. This gives a rough idea about the present financial conditions of the company and its plans that can boost its stock values. Also, if you find that the company’s objective to launch an IPO aligns with that of yours, you can go ahead with the investment.
This is one of the most important points you must consider while investing in an upcoming IPO in 2024. As all equity and equity-related instruments are subject to market risks, IPO investments are also not free from the same. Therefore, as an investor, you must have a high-risk appetite and a long-term investment horizon before investing.
Before you choose an IPO, you must also have a clear idea about the company. This includes knowing its products and services, business model, global presence, management, etc. These points will provide an outline of how this company is thriving in present market conditions and its scope for a better future.
To conclude, consider keeping the following points in mind while devising an investment strategy for sector-wise upcoming IPO in 2024. If you are a novice investor, consider seeking assistance from financial experts to know which upcoming IPO will be suitable for your finances.
Moreover, you can also open a demat and trading account with us to start your investment journey with an IPO.
Share this article:
Moving Averages Indicator: Variations & Examples
13 Dec, 2024 | 8 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 9 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
What are the Timing For Commodity Market Trading?
13 Dec, 2024 | 6 Min. read
Defence Ministry Signs ₹13,500-Crore Deal with HAL for Su-30MKI Jets
13 Dec, 2024 | 2 Min. read
Kalpataru Projects To Raise ₹1,000 Cr Via QIP; Bags ₹2,174 Cr Orders
13 Dec, 2024 | 2 Min. read
Repo Rate & Reverse Repo Rate: Differences, Full Form & Meaning
13 Dec, 2024 | 5 Min. read
What is Spread Betting and How Does it Work
13 Dec, 2024 | 9 Min. read
Ashok Leyland Wins ₹345.58 Crore Order for 1,475 BSVI Bus Chassis
13 Dec, 2024 | 2 Min. read
Zomato Faces ₹803 Crore GST Demand, Including Interest and Penalty
13 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Indicates Negative Start For Indian Markets
13 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
As per SEBI’s guidelines, you must have a demat account to invest in any IPO.
You can find the opening and closing dates on the websites of BSE and NSE for upcoming IPOs of 2024 . We also update the details of upcoming IPOs on our portal, therefore, you can also keep checking our trading platform as well.
To increase your chances for IPO allotment, you can apply through multiple demat accounts, consider applying before the IPO closes and place a bid close to the upper price band. If the company has a parent company, you can first buy shares for the parent company and then apply for ‘shareholders’ allocation to increase your chances.
You can subscribe to an IPO online using ASBA or UPI.
No Result Found
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading