Upcoming IPOs in August 2024

On Monday, Indian markets opened on a positive note. The Sensex is trading 0.43% higher at 81,683.42, while the Nifty has risen by 0.35% to 24,922.50. The broader indices also saw a rally, with the Nifty Mid-cap up 0.66% and the Nifty Small-cap up 0.91%.

India VIX has zoomed by 4.29%, indicating increased market volatility. Sector-wise, Nifty Media and Nifty Realty were top gainers, while Nifty Pharma and Nifty FMCG underperformed. About 2,410 stocks were advancing against 860 declining, reflecting positive market sentiment.

Against this backdrop, several companies are set to launch their initial public offerings (IPOs) in August 2024, providing new opportunities for investors. If you are looking for a List of Upcoming IPOs to invest in, here are the ones that have disclosed their required IPO details.

Following table will give you a quick view of upcoming IPOs in August 2024:

Mainboard IPOs

Ola Electric Mobility Limited

Ola Electric IPO is a book-built issue worth Rs 6,145.56 crores, consisting of a fresh issue of Rs 5,500 crores and an offer for sale of Rs 645.56 crores. The subscription opens on August 2, 2024, and closes on August 6, 2024, with allotment expected on August 7, 2024.

The IPO will list on BSE and NSE on August 9, 2024. The price band is set at Rs 72 to Rs 76 per share, with a minimum lot size of 195 shares. Retail investors need a minimum investment of Rs 14,820.

About Ola Electric Mobility Limited:

Founded in 2017, Ola Electric manufactures electric vehicles and core components such as battery packs and motors. The company launched its first EV, the Ola S1 Pro, in December 2021, followed by several other models.

As of March 2024, the company’s revenue stood at Rs 5,243 crore, with losses of Rs 1,584 crore. The Grey Market Premium (GMP) is Rs 12 per share.

Ceigall India Limited

Ceigall India IPO is a book-built issue worth Rs 1,252.66 crores, consisting of a fresh issue of Rs 684.25 crores and an offer for sale of Rs 568.41 crores.

The subscription opens on August 1, 2024, and closes on August 5, 2024, with allotment expected on August 6, 2024. The IPO will list on BSE and NSE on August 8, 2024. The price band is set at Rs 380 to Rs 401 per share.

About Ceigall India Limited: 

Founded in 2002, Ceigall India specializes in infrastructure construction, including elevated roads, flyovers, and tunnels. By July 2024, the company completed over 34 projects, with 18 ongoing projects.

As of March 2024, the company’s revenue stood at Rs 3,066 crore, with a PAT of Rs 305 crore. The Grey Market Premium (GMP) is Rs 140 per share.

SME IPOs

Afcom Holdings Limited

Afcom Holdings IPO is a book-built issue worth Rs 73.83 crores, entirely a fresh issue of 68.36 lakh shares. The subscription opens on August 2, 2024, and closes on August 6, 2024, with allotment expected on August 7, 2024. The IPO will list on BSE SME on August 9, 2024.

The price band is set at Rs 102 to Rs 108 per share, with a minimum lot size of 1,200 shares. Retail investors need a minimum investment of Rs 129,600, while HNI requires a minimum of 2 lots (Rs 259,200).

About Afcom Holdings Limited:

Incorporated in February 2013, Afcom Holdings specializes in transporting cargo on an airport-to-airport basis, with operations across India, Hong Kong, Singapore, Thailand, Japan, South Korea, China, and Taiwan. It focuses on cargo flights to ASEAN countries, particularly Singapore. Key agreements include partnerships with Air Logistics Group and Taylor Logistics Private Limited.

The company’s revenue as of February 2024 stood at Rs 134 crore, with a PAT of Rs 23 crore. The Grey Market Premium (GMP) is currently unknown.

Dhariwalcorp Limited

Dhariwalcorp IPO is a book-built issue worth Rs 25.15 crores, entirely a fresh issue of 23.72 lakh shares. The subscription opens on August 1, 2024, and closes on August 5, 2024, with allotment expected on August 6, 2024. The IPO will list on NSE SME on August 8, 2024.

The price band is set at Rs 102 to Rs 106 per share, with a minimum lot size of 1,200 shares. Retail investors need a minimum investment of Rs 127,200, while HNI requires a minimum of 2 lots (Rs 254,400).

About Dhariwalcorp Limited:

Founded in 2020, Dhariwalcorp trades in various waxes, industrial chemicals, and petroleum jelly. The company deals with Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Rubber Process Oil, and more.

As of March 2024, the company’s revenue stood at Rs 231 crore with a PAT of Rs 4.5 crore. The Grey Market Premium (GMP) is Rs 15 per share.

Stay ahead with the latest on upcoming IPO and discover promising opportunities for investment.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.