Top Upcoming IPOs in India

The Indian IPO market has witnessed tremendous growth in recent years, with a record number of companies going public.

Fueled by strong economic fundamentals, increasing investor interest, and favorable government policies, the market has attracted both retail and institutional investors.

The Indian government has introduced various incentives and schemes such as FAME II for electric vehicles, which encourage innovation and investment in high-potential sectors.

Additionally, the Production-Linked Incentive (PLI) scheme supports manufacturing growth.

Top Upcoming IPOs

Hyundai Motors India IPO

• Expected Size: ?25,000 crore
• Hyundai’s IPO will likely be an offer-for-sale (OFS) by existing shareholders.
• Hyundai India contributed to 18% of Hyundai Motor Company’s global sales in FY23.

Swiggy IPO

• IPO Size: ?11,000 crore
• Dominates food delivery and expanding into grocery delivery.
• It has a consistent strong revenue growth in the tech sector despite competition from Zomato.

NTPC Green Energy IPO

• IPO Size: ?10,000 crore
• It has focus on solar and wind energy projects, aligning with India's renewable energy goals.
• Leader in green energy, with aggressive expansion plans in renewable energy projects.

NSDL IPO

• IPO Size: ?4,500 crore
• One of the largest depositories in India, crucial to India’s capital markets infrastructure. It serves investors by facilitating the settlement of securities in dematerialized form.
• Steady growth with solid market presence and increased investor activity in the stock market makes it worth applying for.

National Stock Exchange (NSE) IPO

• IPO Size: NSE is gearing up for its much-anticipated Initial Public Offering (IPO)The offering will consist of Offer for Sale (OFS) of up to 57.26 million equity shares.
• Major stakeholders like IDBI Bank, National Stock Exchange (NSE) itself, Union Bank, SBI, and others will divest their holdings through this IPO .
• Since this is an OFS, the proceeds will go directly to the selling shareholders, and no fresh capital will be raised for NSE.

HDB Financial Services IPO

• IPO Size: ?2,500 crore
• A subsidiary of HDFC Bank, catering to SME and vehicle loan segments. Strong financial services company with solid growth prospects.
• Well-positioned in the financial services sector.

Takeaway

The Indian IPO market offers a wealth of opportunities across diverse sectors, and the enthusiasm around upcoming IPOs signals investor confidence in India's economic and industrial growth.

It is India's decade and probably the century too!!