In October 2024, top 20 prominent IPOs in the Indian stock market
In October 2024, several prominent IPOs are expected in the Indian stock market. These include well-established companies across various sectors, reflecting investor confidence in India’s economic growth.
IPO Key listings to watch include:
1. Hyundai India: With an IPO size of ₹25,000 crore, this company is anticipated to be the largest in 2024.
2. LG India: Set to raise ₹10,000 crore.
3. Afcons Infrastructure: Likely to raise ₹7,000 crore.
4. EbixCash: Expected to have an issue size of ₹6,000 crore.
5. JSW Cement: Likely to raise around ₹4,000 crore.
6. Avanse Financial Services: Aiming for ₹3,500 crore.
7. Aether Energy: Expected issue size of ₹3,100 crore.
8. NSDL (National Securities Depository Limited): ₹3,000 crore issue.
9. Niva Bupa Health Insurance: Another ₹3,000 crore IPO.
10. ACME Solar: This renewable energy company with ₹3,000 crore issue.
11. SK Finance: With an expected size of ₹2,200 crore.
12. Asirvad Micro Finance: Set to raise ₹1,500 crore issue.
13. Ola Electric : This EV giant is set to raise between $700-800 million, with a valuation of $7-8 billion, aiming to further accelerate India’s transition to electric mobility.
14. FirstCry : An omnichannel retailer for baby products, it plans to raise $500-600 million, potentially reaching a valuation of $4 billion.
15. Awfis : A major player in the flexible workspace industry, it aims to raise ₹160 crore with an additional offer-for-sale.
16. Aakash (Byju’s subsidiary) : Focused on education, Aakash has seen substantial growth and is expected to list in 2024 with strong financials.
17. Swiggy : One of India’s leading food delivery platforms, Swiggy is valued at $10.7 billion and will likely be a notable listing in 2024.
18. Oyo : This hospitality giant is revisiting its IPO plans after a delay, with a reduced listing size.
19. PharmEasy : Part of the booming healthcare sector, PharmEasy is targeting its IPO after successful recent growth.
20. PhonePe : A leader in India’s digital payments space, its IPO is expected in late 2024 or early 2025.
Other notable upcoming IPOs include Unicommerce, PayU India, Mobikwik, and PharmEasy, covering industries from SaaS to fintech, e-commerce, and healthcare
These IPOs are set to create substantial investment opportunities as these companies continue to scale in rapidly growing sectors like technology, e-commerce, and digital finance.
These IPOs are part of a larger trend of big-ticket listings in India, highlighting the growing confidence in the market. Investors are closely watching these offers as they represent key opportunities in sectors such as technology, finance, infrastructure, and green energy.
Leading business persons in Indian Stock Market
Rakesh Jhunjhunwala: The “Big Bull” of the Indian stock market
Rakesh Jhunjhunwala, commonly referred to as the “Big Bull” of the Indian stock market, was a widely recognised trader, shareholder, and businessman.
Born on July 5, 1960, in Mumbai, he started investing in stocks while still in college with just ₹5,000, turning that into billions over the course of his career.
Jhunjhunwala was known for his deep understanding of market trends and a contrarian approach to investing, often identifying value where others didn’t.
He was a qualified Chartered Accountant but chose the stock market as his profession. His successful investments in companies like Titan, Tata Motors, and Lupin made him one of India’s wealthiest individuals. Jhunjhunwala also founded Rare Enterprises, his asset management firm.
Beyond the markets, he was a philanthropist, contributing to causes in education, healthcare, and poverty alleviation. Known as the “Big Bull” of the Indian stock market, Rakesh Jhunjhunwala was a widely recognised trader, investor, and businessman. On August 14, 2022, he passed away, leaving a significant impact in the Indian financial industry.
Gautam Adani: the founder of the Adani Group
Gautam Adani is an Indian billionaire industrialist and the founder of the Adani Group, a conglomerate with interests spanning across various sectors such as energy, infrastructure, logistics, and more.
Adani, who was born in Ahmedabad, Gujarat, on June 24, 1962, started his business career in the late 1980s by trading commodities.
His big break came in 1995 when the Adani Group was awarded the contract to manage Mundra Port, now the largest commercial port in India.
Under his leadership, the Adani Group expanded aggressively into multiple sectors, including power generation, transmission, coal mining, renewable energy, airports, and data centers. The group’s focus on infrastructure, particularly ports, airports, and power, positioned it as a crucial player in India’s economic growth.
In recent years, the Adani Group has also made substantial investments in green energy, with ambitions to become one of the world’s largest renewable energy producers.Adani’s rise to one of the wealthiest individuals globally has not been without controversy.
His businesses have faced scrutiny over environmental concerns, regulatory issues, and allegations of political favoritism. Nonetheless, Gautam Adani has emerged as a key figure in India’s industrial landscape, shaping sectors critical to the country’s development and global competitiveness.
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