IPO Watch: Top Companies to Look Out for in 2024
๐ The year 2023 is coming to an end, and it has been a remarkable year for the stock market. Not only has it attracted retail investors, but many companies have also joined the race to get listed on the main boards, such as BSE and NSE. This year witnessed the second-highest number of listings in the past decade, indicating a growing trend in IPO listings.
๐ Analysts predict that the IPO listing trend will continue in the upcoming year, with an expected IPO worth Rs 60,000 crores in 2024. This enthusiasm is fueled by strong economic growth, ample liquidity, the possibility of rate cuts by global central banks, and the hope of the current government remaining in power before the upcoming Lok Sabha elections.
๐ผ 57 Companies Launched IPOs: According to Prime Database, around 57 companies raised approximately Rs 57,000 crores through IPOs this year. Additionally, 27 companies have received SEBI’s approval to raise Rs 29,000 crores, while 29 companies are awaiting SEBI’s approval for raising Rs 34,000 crores. Although this number is lower compared to the previous two years, it still showcases the significant IPO activity in the market.
๐ Major IPOs Coming Up: This year witnessed the IPO launch of several prominent companies. Tata Group, after a gap of 19 years, launched the IPO of its subsidiary, Tata Teck. Investors are eagerly waiting for IPOs from big players like Ola Electric, Swiggy, and FirstCry in the coming year, which are expected to raise around Rs 4,000 crores each. Other notable IPOs to look out for include AbExCrash, Tata Play, IndiSin, Oravel Stays, Go Digit General Insurance, and TBIO Tech.
๐ Market Enthusiasm for IPOs: The stock market has received a significant boost due to factors such as rate cuts by the US Federal Reserve, stable RBI interest rates, and the likelihood of a BJP victory in the upcoming Lok Sabha elections. This positive sentiment has also impacted the IPO market, making it an exciting space for investors.
With the IPO market showing no signs of slowing down, 2024 is expected to witness a surge in new listings. Investors are eagerly waiting for the opportunity to invest in promising companies and ride the wave of IPO success.
So, stay tuned and keep an eye on the IPO market for exciting investment opportunities in the coming year! ๐๐๐
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
