Upcoming IPOs in May 2024

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Synopsis:

Get ready for the exciting array of upcoming IPOs in May 2024! From pharmaceutical giants like Emcure Pharmaceuticals Limited to innovative startups like Ola Electric Mobility Limited, the IPO market is brimming with potential opportunities. Dive into our detailed guide to learn about the companies set to launch their IPOs, eligibility criteria for investors, and how to invest in these promising ventures.

The Indian stock market gears up for fresh offerings as May approaches. Investors are eagerly awaiting the release of the official IPO calendar, anticipating exciting prospects to add to their portfolios. While specific details remain under wraps, companies across various sectors have filed their DRHPs, hinting at a potentially diverse pool of IPO hopefuls. 

From established names to innovative startups, May promises to be a dynamic month for public offerings. Stay tuned as we delve deeper into the details and analysis of all the Upcoming IPOs in May 2024.

List of Upcoming IPOs in May 2024

Here is the upcoming IPO list for this month as shown in the table below:

Company Name

DRHP Link

Emcure Pharmaceuticals Limited

https://www.sebi.gov.in/filings/public-issues/dec-2023/emcure-pharmaceuticals-limited-drhp_80072.html

Ola Electric Mobility Limited

https://www.sebi.gov.in/filings/public-issues/dec-2023/ola-electric-mobility-limited-drhp_80215.html

Bazaar Style Retail Limited

https://www.sebi.gov.in/filings/public-issues/mar-2024/bazaar-style-retail-limited-drhp_82327.html

One Mobikwik Systems Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/one-mobikwik-systems-limited_80450.html

Deepak Builders & Engineers India Limited

https://www.sebi.gov.in/filings/public-issues/apr-2024/deepak-builders-and-engineers-india-limited_82895.html

Awfis Space Solutions Limited

https://www.sebi.gov.in/filings/public-issues/dec-2023/awfis-space-solutions-limited-drhp_80277.html

Tolin Tyres Limited

https://www.sebi.gov.in/filings/public-issues/feb-2024/tolins-tyres-limited_81736.html

Brainbees Solutions Limited

https://www.sebi.gov.in/filings/public-issues/dec-2023/brainbees-solutions-limited-drhp_80275.html

Crizac Limited

https://www.sebi.gov.in/filings/public-issues/apr-2024/crizac-limited-drhp_82767.html

Patel Retail Limited 

https://www.sebi.gov.in/filings/public-issues/apr-2024/patel-retail-limited-drhp_82710.html

Manba Finance Limited

https://www.sebi.gov.in/filings/public-issues/mar-2024/manba-finance-limited_82264.html

Raghuvir Exim Limited

https://www.sebi.gov.in/filings/public-issues/apr-2024/raghuvir-exim-limited-drhp_82687.html

Vasuki Global Industries Limited

https://www.sebi.gov.in/filings/public-issues/apr-2024/vasuki-global-industries-limited_82658.html

Ecos India Mobility and Hospitality Limited

https://www.sebi.gov.in/filings/public-issues/apr-2024/ecos-india-mobility-and-hospitality-limited-drhp_82651.html

Afcons Infrastructure Limited

https://www.sebi.gov.in/filings/public-issues/apr-2024/afcons-infrastructure-limited_13596.html

P.N. Gadgil Jewellers Limited

https://www.sebi.gov.in/filings/public-issues/mar-2024/p-n-gadgil-jewellers-limited-drhp_82611.html

Shree Tirupati Balajee Agro Trading Company Limited

https://www.sebi.gov.in/filings/public-issues/mar-2024/shree-tirupati-balajee-agro-trading-company-limited-drhp_82507.html

Stallion India Fluorochemicals Limited

https://www.sebi.gov.in/filings/public-issues/mar-2024/stallion-india-fluorochemicals-limited-drhp_82505.html

Interarch Building Products Limited

https://www.sebi.gov.in/filings/public-issues/mar-2024/interarch-building-products-limited-drhp_82452.html

Transrail Lighting Limited

https://www.sebi.gov.in/filings/public-issues/mar-2024/transrail-lighting-limited_82266.html

Ceigall India Limited

https://www.sebi.gov.in/filings/public-issues/mar-2024/ceigall-india-limited-drhp_82078.html

Vraj Iron and Steel Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/vraj-iron-and-steel-limited-drhp_80348.html

Orient Technologies Limited

https://www.sebi.gov.in/filings/public-issues/feb-2024/orient-technologies-limited-drhp_81751.html

Garuda Construction and Engineering Limited

https://www.sebi.gov.in/filings/public-issues/feb-2024/garuda-construction-and-engineering-limited-drhp_81845.html

Gala Precision Engineering Limited

https://www.sebi.gov.in/filings/public-issues/feb-2024/gala-precision-engineering-limited-drhp_81588.html

TBO Tek Limited

https://www.sebi.gov.in/filings/public-issues/nov-2023/tbo-tek-limited-drhp_79211.html

Asirvad Micro Finance Limited

https://www.sebi.gov.in/filings/public-issues/oct-2023/asirvad-micro-finance-limited-drhp_77706.html

Le Travenues Technology Limited

https://www.sebi.gov.in/filings/public-issues/feb-2024/le-travenues-technology-limited-drhp_81469.html

Akums Drugs and Pharmaceuticals Limited

https://www.sebi.gov.in/filings/public-issues/feb-2024/akums-drugs-and-pharmaceuticals-limited-drhp_81356.html

Gold Plus Glass Industry Limited

https://www.sebi.gov.in/filings/public-issues/feb-2024/gold-plus-glass-industry-limited-drhp_81338.html

Aadhar Housing Finance Limited

https://www.sebi.gov.in/filings/public-issues/feb-2024/aadhar-housing-finance-limited-drhp_81209.html

Northern Arc Capital Limited

https://www.sebi.gov.in/filings/public-issues/feb-2024/northern-arc-capital-limited-drhp_81105.html 

Kronox Lab Sciences Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/kronox-lab-sciences-limited-drhp_80963.html

Bansal Wire Industries Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/bansal-wire-industries-limited-drhp_80825.html

KRN Heat Exchanger and Refrigeration Limited

https://www.sebi.gov.in/filings/public-issues/apr-2024/krn-heat-exchanger-and-refrigeration-limited-drhp_82668.html

Allied Blenders and Distillers Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/allied-blenders-and-distillers-limited-drhp_80708.html

Dee Development Engineers Limited

https://www.sebi.gov.in/filings/public-issues/oct-2023/dee-development-engineers-limited_77703.html

Unicommerce eSolutions Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/unicommerce-esolutions-limited_80463.html

Sanstar Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/sanstar-limited-drhp_80414.html

Waaree Energies Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/waaree-energies-limited-drhp_80409.html

Rays Power Infra Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/rays-power-infra-limited-drhp_80387.html

Diffusion Engineers Limited

https://www.sebi.gov.in/filings/public-issues/jan-2024/diffusion-engineers-limited-drhp_80291.html

Gretex Share Broking Limited

https://www.sebi.gov.in/filings/public-issues/dec-2023/gretex-share-broking-limited-drhp_80178.html

Denta Water and Infra Solutions Limited

https://www.sebi.gov.in/filings/public-issues/dec-2023/denta-water-and-infra-solutions-limited-drhp_79817.html

Kross Limited

https://www.sebi.gov.in/filings/public-issues/dec-2023/kross-limited-drhp_79503.html

What Are Upcoming IPOs?

The Initial Public Offering (IPO) process allows private companies to raise capital by selling shares to the public for the first time. It is a significant event for both the company and potential investors, marking the company's entry into the public stock market. For investors, IPOs offer the opportunity to be part of a company's growth journey from the outset. 

While specific details remain under wraps, May 2024 is expected to see a diverse range of companies seeking IPOs. The anticipation surrounding upcoming IPOs stems from the potential for high returns, particularly for companies with strong growth prospects. Investors closely monitor companies that have filed their Draft Red Herring Prospectus (DRHP), which outlines the company's financial health and future plans. The information filed in DRHP helps investors make informed decisions about whether to participate in the IPO.

By familiarising yourself with the companies planning IPOs and understanding the associated risks and rewards, you can approach May's offerings with a well-informed investment strategy.

Who Can Invest in the Upcoming IPOs in May 2024?

The launch of IPOs in May 2024 presents investors with a unique opportunity to be stakeholders in a company's growth. This can offer the potential for significant capital appreciation alongside the broader opportunities inherent to stock market participation. However, before exploring these potential benefits, it is crucial to understand the eligibility requirements for investing in upcoming IPOs.

In accordance with the Securities and Exchange Board of India (SEBI) classifications, let us explore the various investor groups eligible to participate in IPOs. 

  • Qualified Institutional Buyers

Institutional investors with demonstrably strong financial standing and proven investment experience are classified as Qualified Institutional Buyers (QIBs). This category typically encompasses entities such as mutual funds, pension funds, insurance companies, investment banks and hedge funds. Due to their extensive asset base and sophisticated investment strategies, QIBs are granted access to participate in certain securities offerings that may not be available to individual retail investors.

  • Non-Institutional Investors (NIIs) or High Net Worth Individuals (HNIs)

This category includes qualified companies, corporate entities, research institutions, Non-Resident Indians, Hindu Undivided Families, societies and trusts investing more than Rs. 2 lakhs. These independent investors participate directly in the stock market, unaffiliated with any large organisation.

  • Retail Investors

Individual investors applying for IPO shares with a maximum investment of Rs. 2 lakh are classified as retail investors. Regulatory bodies mandate that companies reserve at least 35% of their public offering specifically for this investor category.

  • Anchor Investors

Within the pool of Qualified Institutional Buyers (QIBs), a subcategory exists known as anchor investors. These institutions, boasting assets exceeding Rs. 10 crores, hold a privileged position. They are entitled to subscribe to a minimum of 60% of the shares specifically allocated to QIBs in an IPO.

How to Invest in Upcoming IPOs in May 2024?

If you want to make your IPO application process easier than ever, you can open a demat account with Bajaj Broking. To invest in the upcoming IPOs in May 2024, follow these detailed steps:

  • Step 1: Provide the client code on the IPO Application page.
  • Step 2:You will receive an OTP on your registered mobile number which you need to validate.
  • Step 3:Provide all the necessary information and select the IPO to invest in.
  • Step 4:Click on 'Submit' to submit the application form.
  • Step 5:Ensure that there is sufficient balance in your account. From your registered mobile number, open the UPI app and approve the request.
  • Step 6:Once you have sent approval, your amount will get blocked in your account. You will be refunded if you do not get the IPO shares.

List of Popular Soon-to-Launch IPOs in May 2024

In the upcoming month, several companies are expected to launch their IPOs. While some have already filed their DRHP, others are waiting for approval from SEBI to float their IPOs. Below is a list of the most anticipated upcoming IPOs in May 2024 that investors are eagerly waiting for in the Indian stock market:

  • Awfis Space Solutions Limited

Awfis Space Solutions Limited, a leading Indian coworking provider, filed its DRHP with SEBI aiming for an IPO. The public issue will comprise a fresh issue of shares, raising Rs. 160 crore and an offer for sale (OFS) component of up to Rs. 1 crore shares by existing investors. 

The company plans to utilise the net proceeds for expansion and working capital requirements. This development signifies Awfis's intent to join the growing trend of Indian startups seeking public listing.

  • One Mobikwik Systems Limited

This company, known for providing pay-later services, is planning to launch its IPO soon with the collaboration of SBI Capital Markets and DAM Capital Advisors. MobiKwik aims to raise $84 million by 2024 and has even assisted numerous small and medium-sized companies in India to go public.

  • Emcure Pharmaceuticals Limited

Emcure Pharmaceuticals Limited, a leading Indian pharmaceutical company, has filed its DRHP with SEBI for a potential IPO in May 2024. The company is known for its strong presence in gynaecology, blood-related medicines, and HIV antivirals. While an official announcement is awaited, Emcure's IPO plans have generated significant interest among investors.

  • Ola Electric Mobility Limited

Ola Electric, the manufacturer of electric scooters, is expected to launch an IPO in May valued at Rs. 5,500 crore. The company is supported by SoftBank Group and Temasek, and its IPO is one of the most eagerly anticipated for 2024. The funds raised from the IPO will primarily be used for the Ola Gigafactory project, as well as for research and development and other prepayments.

  • Bazaar Style Retail Limited

Value fashion retailer, Bazaar Style Retail Limited has filed its DRHP with SEBI, initiating the process for an IPO launch. The IPO will include a fresh issue of equity shares and an offer for sale by existing shareholders. The company, known for its "Style Bazaar" brand, boasts the largest retail footprint in Eastern India among listed value retailers. This move signals Bazaar Style's intent to leverage the capital markets for potential growth and expansion.

  • Shree Tirupati Balajee Agro Trading Company Limited

Shree Tirupati Balajee Agro Trading Company Limited (STB) filed a DRHP with SEBI to launch an IPO. It will consist of a fresh issuance of equity shares and an Offer for Sale (OFS) by the promoter. STB manufactures and supplies flexible intermediate bulk containers (FIBCs) and caters to diverse customer needs. More details regarding the issue size, price band and opening date are awaited.

  • Vraj Iron and Steel Limited

Vraj Iron and Steel Limited, a manufacturer of steel and iron products, has filed a DRHP with SEBI, signifying its intention to go public. Its IPO will consist of a fresh issue of Rs. 171 crore to raise capital for expansion projects and working capital needs. 

The company operates manufacturing facilities in Chhattisgarh and is aiming to increase its production capacity. While the opening date and price band are yet to be announced, the company is most likely to list this IPO on the NSE SME exchange.

  • Orient Technologies Limited

Established IT solutions provider, Orient Technologies Limited has filed a Draft Red Herring Prospectus with SEBI to raise funds via an Initial Public Offering. The public offering will comprise a fresh issue of equity shares to raise Rs. 120 crore and an offer for sale by existing promoters. 

The proceeds aim to fuel capital expenditure, acquire office space and support general corporate purposes. This move highlights Orient Technologies' confidence in the Indian IT sector's potential and its commitment to creating long-term value for investors.

  • Unicommerce eSolutions Limited

Unicommerce eSolutions Limited, a leading e-commerce SaaS platform in India, filed its Draft Red Herring Prospectus (DRHP) with SEBI in January 2024. The IPO will be an Offer for Sale (OFS) of existing shares by promoters and investors. Unicommerce boasts consistent profitability and revenue growth, positioning itself as a strong contender in the Indian e-commerce SaaS market. They are yet to announce an official IPO date.

  • Brainbees Solutions Limited

Brainbees Solutions Limited, the parent company of the leading Indian childcare brand FirstCry, filed its IPO prospectus in December 2023. The offering will comprise a fresh issue of shares to raise Rs. 1,816 crore and an offer for sale by existing investors like SoftBank and Mahindra & Mahindra. This move signifies FirstCry's intent to leverage the capital markets for further growth, solidifying its position in the burgeoning mother, baby, and child products segment.

Summing Up

If you are seeking promising investment opportunities, keep an eye out for the upcoming IPOs in May 2024. However, you must conduct proper research and assess your risk profile before prioritising any IPO launch. These investment opportunities can be highly volatile, and their prices can fluctuate significantly.

In the meantime, it is advisable that you explore the official websites of the companies that interest you and review their DRHPs. To make your IPO journey easier, consider opening a demat and trading account with us. Additionally, you can stay informed of the latest IPO-related news on this website.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

What exactly are upcoming IPOs?

Answer Field

Upcoming IPOs refer to companies that have filed their Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and are awaiting approval to launch their Initial Public Offering (IPO) on the stock exchange. These companies are essentially looking to raise capital from the public by selling their shares for the first time.

How can I find out about upcoming IPOs in May 2024?

Answer Field

You can refer to our Bajaj Broking’s official website for detailed insight into the upcoming IPOs in May 2024. We provide all the latest information related to the upcoming IPOs. Moreover, you can open a demat account for free directly on our platform.

What kind of companies might feature in the May 2024 IPO launch?

Answer Field

The appeal of IPOs comes from their diversity. Companies from various sectors, including established players looking to expand or innovative startups seeking growth capital, might be part of the May lineup.

How do I decide whether to invest in an upcoming IPO?

Answer Field

Investing in an IPO requires careful research and analysis. It is crucial to gather information about the company's financials, business model, future prospects and overall market sentiment before making any investment decision. Remember, IPOs can be volatile, so a well-considered investment strategy is the key.

How to invest in the upcoming IPOs?

Answer Field

You can invest in the upcoming IPOs online with the help of a demat account. However, if you do not have a demat account, you can open one through our website. We, at Bajaj Broking, provide free demat account opening and have designed our online platform to enhance your trading experience. With that, you can directly invest in the IPO of your choice from our user-friendly online trading platform without any hassle.

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