Upcoming IPO : 11 Opportunities to Invest in the Coming Year

An array of significant IPOs is set to unfold in the upcoming year, presenting promising prospects for investors.

Here’s a glimpse of the notable IPOs anticipated in 2024 based on data sourced from BSE and media reports:

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1. Ola Electric

Ola Electric, the electric vehicle arm of Ola, aims to launch its IPO, targeting a substantial fundraising between $700 million to $800 million. Despite challenges, the company’s revenue surge and focus on sustainable transportation positions it as a key player in the electric vehicle industry.

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2. FirstCry

FirstCry, an omnichannel retailer, plans to submit its IPO papers, aiming to raise $500-600 million, potentially valuing the company at around $4 billion.

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3. Awfis

Awfis Space Solutions Ltd, specializing in flexible workspace solutions, has filed preliminary documents for an IPO to raise capital through a fresh issue and an Offer for Sale (OFS).

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4. Unicommerce

Unicommerce, an e-commerce Software as a Service (SaaS) company, is set to debut in the latter part of the upcoming year, with CLSA overseeing the IPO book-building process.


5. Aakash (Byju’s subsidiary)

Aakash, acquired by Byju’s, is eyeing an IPO by mid-2024. With substantial revenue growth and a significant position in the test-prep market, it presents an appealing opportunity despite recent challenges faced by Byju’s.


6. PhonePe

PhonePe, a major player in India’s digital payment landscape, is preparing for an IPO in the 2024-2025 timeframe, buoyed by substantial investments and diversification in digital payments.

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7. Oyo

Oyo Rooms’ anticipated IPO has been delayed as it aims to manage its debt. The expected IPO size has reduced substantially, aiming for a range of $400-600 million.

8. PharmEasy

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PharmEasy eyes a public offering post a successful rights issue, emphasizing debt reduction and organic growth.

9. Swiggy

Swiggy, a significant name in food delivery, is gearing up for its IPO, following Zomato’s footsteps, backed by a strong market presence.

10. PayU India

PayU India, specializing in financial services, is gearing up for an IPO by the latter half of 2024, reflecting its substantial growth in payments and credit sectors.

11. Mobikwik

MobiKwik, collaborating with DAM Capital Advisors and SBI Capital Markets, plans an IPO, showcasing the trend of SMEs choosing the Indian market for public listings.


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