Upcoming IPOs

The most reliable list of mainboard Upcoming, New, Latest, Current IPOs of 2022-24

(Status as of 03.06.2024)

DRHP Filed of Upcoming IPO in 2024 – SEBI Approval Awaited:

SK Finance Limited DRHP dated 01.05.2024
BELSTAR MICROFINANCE LIMITED DRHP dated 03.05.2024
Brainbees Solutions Limited DRHP dated 29.04.2024
Diffusion Engineers Limited DRHP dated 27.04.2024
Premier Energies Limited DRHP dated 19.04.2024
SANATHAN TEXTILES LIMITED DRHP dated 17.04.2024
Deepak Builders & Engineers India Limited DRHP dated 09.04.2024
Crizac Limited DRHP dated 26.03.2024
Raghuvir Exim Limited DRHP dated 31.03.2024
Patel Retail Limited DRHP dated 29.03.2024
VASUKI GLOBAL INDUSTRIES LIMITED DRHP dated 28.03.2024
ECOS India Mobility and Hospitality Limited DRHP dated 28.03.2024
Afcons Infrastructure Limited DRHP dated 28.03.2024
KRN Heat Exchanger and Refrigeration Limited DRHP dated 30.03.2024
P N Gadgil Jewellers Limited DRHP dated 26.03.2024
Shree Tirupati Balajee Agro Trading Company Limited DRHP dated 20.03.2024
Stallion India Fluorochemicals Limited DRHP dated 20.03.2024
Interarch Building Products Limited DRHP dated 18.03.2024
Bazaar Style Retail Limited DRHP dated 15.03.2024
Transrail Lighting Limited DRHP dated 08.03.2024
Manba Finance Limited DRHP dated 06.03.2024
Ceigall India Limited DRHP dated 03.03.2024
Orient Technologies Limited DRHP dated 20.02.2024
Garuda Construction and Engineering Limited DRHP dated 19.02.2024
Tolins Tyres Limited DRHP dated 16.02.2024
Gala Precision Engineering Limited DRHP dated 14.02.2024
Le Travenues technology Limited DRHP dated 14.02.2024
Akums Drugs and Pharmaceuticals Limited DRHP dated 10.02.2024
Gold Plus Glass Industry Limited DRHP dated 09.02.2024
Northern Arc Capital Limited DRHP dated 02.02.2024
Bansal Wire Industries Limited DRHP dated 18.01.2024
Allied Blenders and Distillers Limited DRHP dated 15.01.2024
Unicommerce eSolutions Limited DRHP dated 05.01.2024
ONE MOBIKWIK SYSTEMS LIMITED DRHP dated 04.01.2024
Sanstar Limited DRHP dated 01.01.2024
Waaree Energies Limited DRHP dated 28.12.2023
Rays Power Infra Limited DRHP dated 29.12.2023
Vraj Iron and Steel Limited DRHP dated 28.12.2023
Diffusion Engineers Limited DRHP dated 27.12.2023
Ola Electric Mobility Limited DRHP dated 22.12.2023
Gretex Share Broking Limited DRHP dated 14.12.2023
Emcure Pharmaceuticals Limited DRHP dated 16.12.2023
Denta Water and Infra Solutions Limited DRHP dated 11.12.2023
Kross Limited DRHP dated 30.11.2023
Asirvad Micro Finance Limited DRHP dated 04.10.2023
CJ Darcl Logistics Limited DRHP dated 27.09.2023
DEE DEVELOPMENT ENGINEERS LIMITED DRHP dated 28.09.2023
Agilus Diagnostics Limited DRHP dated 29.09.2023
Polymatech Electronics Limited DRHP dated 29.09.2023
Indo Farm Equipment Limited DRHP dated 28.09.2023
Saraswati Saree Depot Limited DRHP dated 29.09.2023
Agilius Diagostics Limited DRHP dated 29.09.2023
Stanley Lifestyles Limited DRHP dated 04.09.2023
Arkade Developers Limited DRHP dated 31.08.2023
Shiva Pharmachem Limited DRHP dated 21.08.2023
Onest Limited DRHP dated 28.07.2023
National Securities Depository Limited DRHP dated 07.07.2023
AKME Fintrade (India) Limited DRHP dated 27.06.2023
Mukka Proteins Limited DRHP dated 14.06.2023
Western Carriers (India) Limited DRHP dated 09.06.2023
Fincare Small Finance Bank Limited DRHP dated 03.05.2023
SPC Life Sciences Limited DRHP dated 29.03.2023
Corrtech International Limited DRHP dated 10.02.2023
FirstMeridian Business Services Limited DRHP dated 30.01.2023
Survival Technologies Limited IPO DRHP dated 30.12.2022
Balaji Solutions Limited IPO DRHP dated 27.12.2022
Oravel Stays Limited IPO DRHP dated 28.11.2022
Cogent E Services Limited IPO DRHP dated 23.11.2022
FabIndia Limited IPO DRHP dated 09.11.2022
IndiaFirst Life Insurance Company Limited IPO DRHP dated 27.10.2022
R & B Infra Limited DRHP dated 03.10.2022
Airox Technoligies Limited IPO DRHP dated 30.09.2022
Lohia Corp Limited IPO DRHP dated 30.09.2022
Enviro Infra Engineers Limited IPO DRHP dated 30.09.2022
WAPCOS Limited IPO DRHP dated 26.09.2022

FAQ on IPOs

1. Is it good to invest in an IPO or IPO a good investment in India?

IPOs are the excellent source of making money in India. IPO means Initial Public Offering. This further means whenever a company is listing its shares on BSE or NSE they have to come up with an IPO. Now the question is how the investor makes money in IPO. Generally, investors apply in the IPO and there is a lottery system for retailers. If the investors are lucky and stock is good, they can make good money on listing day.

2. Strategy to apply in IPO

The biggest problem these days is the allotment. These days mostly all the IPOs are oversubscribed that means the lottery system have to come in. And lottery means you have to rely on your luck to make money. So, today I am going to give you a strategy to make handsome money in IPO.

Open minimum 50 bank accounts of all the known people in your circle. Now Open 50 new demat accounts. These banks and demat accounts will only be used for applying in IPO. Keep aside 7.5 Lakh (min 15k for each account) to apply in IPO.

On an average 15 good quality IPOs (check investorzone.in for good IPOs) opens up every year, which typically gives 25-30% of listing gain. And when you are applying from 50 accounts, 10% is the probability of getting allotment. So, in every IPO you can easily make ~18k-22k. In a year, this figure will go to ~2.7 Lakh to 3.30 Lakh.
ROI = 36 to 44% (the kind of return next to impossible).

The only thing is you need someone to manage these accounts.

3. How does IPO work in India?

IPO is basically an instrument in capital market to raise money for the businesses. IPO these days are also used to provide exit to the early investors in the company. The process of IPO is mentioned below.

a) The company looking for an IPO appoints an LM (Lead Manager). LM is responsible for raising money on behalf of company.
b) The LM prepares the document called DRHP (Draft Red Herring Prospectus). This document contains details like how much Money Company is raising, what is the objective of the IPO, what is the business model of the company, who are peers in the market, who is the management of the company etc. In short, it contains each and every detail about the company.
c) This DRHP then submitted for SEBI approval.
d) Once SEBI gives approval, the company needs to bring IPO within one year.
e) Then finally a RHP (Red Herring Prospectus) is filled before the actual launch of IPO.
f) Then IPO is opened for 3 days to the investors to apply.
g) Then after 6 days of closing, the IPO gets listed on BSE and NSE.

Hope the process is understood as to how IPO works in India.

4. Can IPO make you rich?

Yes, of-course. If you pick up good IPOs and keep them in the portfolio, it can make you rich. The star IPOs of 90’s i.e. Infosys, HDFC BankHero MotocorpWiproReliance Industries etc have made investors millionaires. However, finding such companies is the most difficult part. There would be 1000’s of companies listed at that time might have been dead today. So, finding a great business and stick with them for longer duration is a secret mantra of making big money in the IPO.

5. How is IPO priced?

IPO pricing depends upon many factors. In DRHP (Draft Red Herring Prospectus), the draft which is filed to SEBI for approval of IPO has the column wherein Lead managers provide the basis of issue price. They compare the price of stock with the listed companies and try to find out the right price at which investors also make money. The price of stock is also dependent upon the prevailing condition of stock market. If the market is in bull mode, the IPO can be priced higher and vice-versa. The price of IPO is also depend upon the factors like monopoly of the business, great management, growing business etc.

Video on how IPO market work in India