IPOs to Look For in Feb’24

In 2023, 57 Indian companies raised about Rs. 49,000 crore through mainboard IPOs. Now, as the New Year begins, several more companies are expected to have their IPOs in February 2024 that investors should be aware of. This article will discuss the specifics of this year's February IPOs and explain why investors should consider investing in these opportunities.

IPOs in February 2024

Rashi Peripherals Limited

Specialising in distributing global technology brands in India, the company focuses on ICT products. Its IPO is valued at Rs. 600 crores and is open for subscription from February 7 to February 9, 2024.

Jana Small Finance Bank Limited

Primarily providing various types of loans, including MSME loans, and gold loans, the company offers an IPO valued at Rs. 570 crores. It is open for subscription from February 7 to February 9, 2024.

Apeejay Surrendra Park Hotels Limited

Operating within the hospitality sector and also running a retail food and beverage business under its brand 'Flurys', the company offers an IPO worth Rs. 920 crores. Subscription bidding starts on February 5, 2024, and closes on February 7, 2024.

The table given below provides a clear breakdown of these February IPOs.

IPOs to watch out for in 2024

Investors should keep an eye on upcoming IPOs with promising potential:

Swiggy

The popular food delivery platform is gearing up for an IPO to raise approximately $500 million, facilitating SoftBank's reduction of its stake in the company.

Ola Electric

Ola Electric is planning its IPO in January or February 2024. With a fundraising target of $400 million, the funds will support the establishment of their first factory in Tamil Nadu, aligning with India's push towards greener mobility.

Oyo

A major player in the hospitality sector, Oyo has initiated the paperwork for its IPO, scheduled for a mid-2024 launch. The anticipated fundraising is $400 million, adding an interesting dynamic to the evolving landscape of accommodation services.

Benefits of investing in IPOs

Investing in IPOs offers several advantages for investors:

- IPOs allow investors to enter a company's public trading phase at an early stage, potentially leading to substantial returns if the stock performs well.

- If the stock price increases post-IPO, investors can realise capital gains by selling their shares at a higher price, attracting those seeking profit through price appreciation.

- Publicly traded IPO shares offer market liquidity, enabling easy buying or selling in the secondary market, providing flexibility and responsiveness to market conditions.

- Including IPOs in a portfolio contributes to diversification, spreading risk across companies at different developmental stages and potentially improving portfolio performance.

Investors must conduct thorough research, assess risk, and consult with financial professionals before participating in IPOs. To learn more about IPO and NFO, visit the Tata Capital Moneyfy website.