Upcoming IPOs Calendar July 2024: What Investors Need to Know
The domestic markets have been abuzz with initial public offerings (IPOs) in 2024. So far, nearly 40 main board and 143 SME IPOs have been launched this year. The primary market is experiencing its best first half in 17 years, driven by robust liquidity, supportive valuations, and an optimistic macroeconomic outlook. Mahavir Lunawat, Founder of Pantomath Capital Advisors, attributes this surge to several key factors. In this article, we’ll explore the current IPO landscape and highlight the major upcoming IPOs in July 2024.
Overview of the 2024 IPO Market
Record-Breaking First Half of 2024
This year, the IPO market has seen an unprecedented influx, with both main board and SME IPOs hitting record numbers. In terms of the quantum of funds raised, 2024 is shaping up to be the second-best year ever after 2022.
Comparison with Historical Data
In 2007, during the peak of the bull market, 54 companies raised Rs 833 crore. This year, we are seeing a comparable boom, with a significant amount of capital being raised by numerous companies.
Key Drivers of the 2024 IPO Boom
Robust Liquidity
Strong liquidity in the market has been a crucial factor driving the surge in IPOs. Investors are eager to put their capital to work in promising new ventures.
Supportive Valuations
Valuations have remained supportive, attracting a diverse range of companies to go public. This environment has been conducive to both high-profile IPOs and smaller SME offerings.
Optimistic Macroeconomic Outlook
An optimistic macroeconomic outlook has bolstered investor confidence, making this an ideal time for companies to launch their IPOs.
Major IPOs in the First Half of 2024
Top Companies and Funds Raised
Several prominent companies have successfully raised substantial funds through their IPOs, reflecting the strong investor appetite.
Sector-Wise Breakdown
The IPO activity spans various sectors, with notable contributions from pharmaceuticals, logistics, and technology.
Upcoming IPOs in July 2024
Akums Drugs and Pharmaceuticals IPO
- Key Dates: Opens on July 30, 2024, and closes on August 1, 2024.
- Pricing and Lot Size: Price band of Rs 646 – 679 per share, with a lot size of 22 shares.
- Fresh Issue and Offer for Sale: Fresh issue of 10,014,727 shares worth nearly Rs 680 crore and an offer for sale of 17,330,435 shares aggregating up to Rs 1,176.74 crore.
Ashapura Logistics Limited IPO
- Key Dates: Opens on July 30, 2024, and closes on August 1, 2024.
- Pricing and Lot Size: Price band of Rs 136 – 144 per share, with a lot size of 22 shares.
- Fresh Issue and Offer for Sale: Fresh issue of 10,014,727 shares and an offer for sale of 17,330,435 equity shares.
Rajputana Industries IPO
- Key Dates: Opens on July 30, 2024, and closes on August 1, 2024.
- Pricing and Lot Size: Price band of Rs 36 – 38 per share, with a lot size of 3,000 shares.
- Fresh Issue: Fresh issue of 6,285,000 shares worth nearly Rs 28.88 crore.
Other Notable SME IPOs
- Dhariwalcorp IPO
- Utssav Cz Gold Jewels IPO
- Kizi Apparels IPO
- Bulkcorp International IPO
- Sathlokhar Synergies E&C Global IPO
IPO Listing Schedule for Next Week
Esprit Stones
Esprit Stones is among the notable IPOs set to list next week, attracting significant investor interest.
S A Tech Software India
This tech company’s IPO listing is highly anticipated, reflecting the growing interest in the tech sector.
Trom Industries
Trom Industries is set to make its market debut, with investors keenly watching its performance.
Aprameya Engineering
Aprameya Engineering’s listing will be closely monitored by industry analysts and investors alike.
Clinitech Laboratory
This healthcare sector IPO is expected to draw significant attention upon listing.
Manglam Infra and Engineering
Manglam Infra and Engineering is another key IPO set to list, reflecting the strong interest in infrastructure projects.
Chetana Education
Chetana Education’s IPO listing is awaited by those interested in the education sector.
VVIP Infratech
VVIP Infratech is set to debut, with a focus on infrastructure development.
V.L. Infraprojects
V.L. Infraprojects will be closely watched by investors looking at infrastructure investments.
RNFI Services
RNFI Services’ IPO listing is eagerly anticipated, reflecting the strong demand for financial services.
SAR Televenture
SAR Televenture is set to list, attracting interest from telecom sector investors.
Factors Influencing Investor Decisions
Mutual Fund Investments
Strong domestic mutual fund investments have played a significant role in the current IPO boom.
Foreign Investor Participation
Significant participation from foreign investors has further boosted the IPO market.
Expert Insights
Mahavir Lunawat’s Analysis
According to Mahavir Lunawat, strong liquidity, supportive valuations, and an optimistic macroeconomic outlook are the key factors driving the IPO surge.
Predictions for the Rest of 2024
Lunawat predicts a bustling period ahead for India’s primary market, with 55 companies planning to raise over Rs 68,000 crore via IPOs.
Investment Strategies for Upcoming IPOs
Risk Assessment
Investors should carefully assess the risks associated with each IPO, considering factors such as market conditions and company performance.
Sector Trends
Keeping an eye on sector trends can help investors make informed decisions about where to allocate their funds.
Conclusion
The IPO market in 2024 has been vibrant and dynamic, offering numerous opportunities for investors. With a robust pipeline of upcoming IPOs and a supportive economic environment, the primary market is set for continued growth. Investors should stay informed and carefully evaluate each opportunity to maximize their investment potential.
Disclaimer: Opinions and recommendations are from individual analysts and firms, not OSTP Media. Investors should consult certified experts before making decisions.
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