Get. Set. Invest. IPO seasons are around the corner and from what we know, this year is going to be fantastic. Some big companies are entering this year and according to experts, the resurgence and excitement are going to be higher than 2024. On that note, take a look at some of the best IPOs we are expected to create ripples in the financial world this year.
First Cry
India’s biggest online store for kids, babies, and newborn products, FirstCry is getting ready to raise $500-600 million with a valuation of approximately 4 billion during the IPO season. So far they have filed preliminary papers for the IPO and asked for a new issue of the shares that are going up to 1,816 crores. The OFS here goes up to 5.44 crore equity shares easily.
MobiKwik
An Indian payment service provider that offers benefits like the digital wallet, MobiKwik Systems aims to raise approximately 700 crores from its IPO which is set to go out this year. The company is currently preparing to go ahead with the pre-IPO placement that comes with extra securities, worth 140 crores via private placements or methods approved by the BRLM. The company has also reduced its issue size from 1900 to a low 800 crore and drafted the documents alongside SEBI.
Pharm Easy
India’s trusted online pharmacy & medical store, this Tata-owned company is also contemplating going up for IPO after getting a successful issue. Giving a strong performance, it is expected to do well this year. However, if you are planning to invest in this IPO, make sure to check its history and performance over the year before you proceed.
Swiggy
Easily known as one of India’s biggest food delivery apps, Swiggy is valued at a whopping 10.7 billion and that’s why it is known as one of the biggest players within the food delivery market. It is expected to enter the marketplace in 2024. So if you want to buy IPO of Swiggy, this year is going to be your year.
Ola Electric
Going in the upcoming IPO list for 2024 is Ola Electric. This company is hoping to raise a massive 700 million dollars this year. The valuation is going to be between 8 to 8 billion. The company offering cab services has an issue of shares going over 5000 crores. Presenting an exclusive opportunity for the acquisition of 9.52 crore equity shares, it is available through an Offer for Sale by promoters and investors.
In simple words, these IPOs of 2024 seem to be quite a promising journey and an exciting fridge for investors. With multiple companies involved in digital payments for electrical vehicles entering the marketplace, the financial market is all set for one more year of heightened activity. This is definitely going to change the economic landscape of India & provide us with more exciting opportunities.
So which IPO are you planning to buy and invest in 2024? Let us know in the comments.
