IPO In May 2024: Indegene, TBO Tek, And Aadhar Housing, Here's The List Of Upcoming IPOs In India
The month of May 2024 is likely to see similar forward momentum in the primary markets. From Indegene IPO to Aadhar Housing Finance Ltd, here is a May 2024 upcoming IPO list that you can consider.
IPO In May 2024: An IPO, or Initial Public Offering, occurs when a private company sells its shares to the public for the first time. This transition turns the private company into a publicly listed one. This step is not only a means for a company to raise capital but also provides an investment opportunity for the public.
IPOs often attract significant interest from investors, resulting in Indian companies raising substantial funds. As an investor, it's wise to monitor upcoming IPOs in India and carefully assess the potential risks and rewards before making an investment decision.
The month of May 2024 is likely to see similar forward momentum in the primary markets. Here is a May 2024 upcoming IPO list that you can consider.
Mainboard IPOs May 2024: Upcoming IPO
Let's explore the list of upcoming IPOs for 2024, including their opening and closing dates, along with a preview of anticipated IPOs expected to launch soon.
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1. Indegene IPO
| Bidding Dates | Price Range | Lot Size | IPO Size |
|---|---|---|---|
| 06 May - 08 May'24 | 430 - 452 | 33 | Rs 1841.76 Cr |
Inegene IPO Launch Date 2024
Indegene Limited offers digital services for the life sciences industry, covering various areas like drug development, clinical trials, regulatory submissions, and sales/marketing support. They provide solutions such as Enterprise Commercial Solutions, Omnichannel Activation, Enterprise Medical Solutions, and Enterprise Clinical Solutions, along with consultancy services.
The Indegene IPO is scheduled from May 6 to May 8, 2024, with an IPO price range of Rs 430 to Rs 452 per share and a lot size of 33 shares. The IPO size, including both a fresh issue and an Offer for Sale, is up to Rs 1841.76 crore. It is set to be listed on Monday, May 13, 2024. The Grey Market Premium (GMP) stands at Rs 150 per share.
2. Aadhar Housing Finance Ltd
| Bidding Dates | Price Range | Lot Size | IPO Size |
|---|---|---|---|
| 08 May - 10 May'24 | 300 - 315 | 47 | Rs 3000 Cr |
Aadhar Housing Finance Ltd IPO Launch Date
Aadhar Housing Finance Limited, established in 2010, focuses on housing finance for the lower-income segment. It offers mortgage loan products for residential and commercial properties. The Aadhar Housing Finance IPO is sized at Rs 5000 crore, with a fresh issue of Rs 1000 crore and the rest through OFS. The price details and dates are yet to be revealed. In FY23, the company's revenue increased by 18.22% to Rs 2,043.52 crore, and its profit after tax (PAT) rose by 22.22% to Rs 545.34 crore. The proceeds will be used for onward lending and general corporate purposes.
3. TBO Tek Ltd
| Bidding Dates | Price Range | Lot Size | IPO Size |
|---|---|---|---|
| 08 May - 10 May'24 | -- | 0 | N/A |
TBO Tek Limited IPO Launch Date May 2024
TBO Tek Limited, previously known as Tek Travels Private Limited, is a travel distribution platform offering travel inventory and forex assistance. The TBO Tek IPO is scheduled from May 8 to May 10, 2024. The company will issue fresh shares worth Rs 400 crore and offer for sale (OFS) of 1,25,08,797 shares. It will be listed on the BSE and NSE on Wednesday, May 15, 2024. TBO Tek¡¯s revenue increased by 112.09% to reach Rs 1085.77 crore, and its profit after tax (PAT) rose by 340.4% to Rs 148 crore in FY23. The IPO proceeds will be used to expand the supplier and buyer base, enhance platform value, pursue selective acquisitions, and offer tailored travel solutions.
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SME IPO's in May 2024
Slone Infosystems Limited IPO
| IPO Details | Values |
|---|---|
| Opening Date | May 3, 2024 |
| Closing Date | May 7, 2024 |
| Price Band | Rs 79 per share |
| Issue Size | Rs 11.06 crore |
| Type of Issue | Fresh Issue |
| Number of Shares | 14,00,000 equity shares |
Slone Infosystems Limited is an Indian IT hardware solutions provider. They offer various IT equipment for sale and rent, such as laptops, desktops, servers, and workstations. Additionally, they provide IT service solutions like cloud server management and operate in segments including the sale of IT products and rental services.
Mandeep Auto Industries Limited IPO
| IPO Details | Values |
|---|---|
| Opening Date | May 6, 2024 |
| Closing Date | May 9, 2024 |
| Allotment Finalization | May 10, 2024 |
| Listing Date | May 14, 2024 |
| Issue Size | ?18.60 crore |
| Type of Issue | Fresh Issue |
| Number of Shares | 60,00,000 equity shares |
| Price Band | ?27 to ?31 per share |
Mandeep Auto Industries Limited is involved in manufacturing and supplying various products like sheet metal components, auto parts, sprocket gears, and machined components. These products are used across diverse industries such as automobiles, tractors, material handling, earth-moving equipment, railways, defense, machine tools, and the DIY industry.
Winsol Engineers Limited IPO
Winsol Engineers Limited specializes in providing integrated engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions for solar and wind power generation firms. The IPO is scheduled from May 6, 2024, to May 9, 2024, with a price band of Rs 71 to Rs 75 per share and a lot size of 1600 shares, totaling a Rs 23.36 crore issue size. The listing is set for Tuesday, May 14, 2024, on the NSE SME.
Refractory Shapes Limited
Refractory Shapes Limited specializes in manufacturing various types of bricks, castables, high alumina catalysts, and ceramic balls. The company was incorporated in 1996. The IPO is scheduled from May 6, 2024, to May 9, 2024, with a price band of Rs 27 to Rs 31 per share and a lot size of 4000 shares, totaling a Rs 18.60 crore issue size. The listing is set for Tuesday, May 14, 2024, on the NSE SME.
Finelistings Technologies Limited
Finelistings Technologies Limited operates in two main sectors: retail of used luxury cars and software development services. The IPO is scheduled from May 7, 2024, to May 9, 2024, with a share price of Rs 123 and a lot size of 1000 shares, totaling a Rs 13.53 crore issue size. The listing is set for Tuesday, May 14, 2024, on the BSE SME.
FAQs: IPO
What is an IPO?
Companies offer their shares to general investors for the first time through IPO. It is a process referring to offloading partial ownership of the company through the release of equity shares and getting listed in the stock exchanges.
What are the benefits of Investing in an Upcoming IPO?
Investing in upcoming IPOs offers investors a chance to build long-term wealth. Buying shares in an IPO means investing in assets that have the potential to increase in value over time.
Once an IPO is launched, the company's shares become readily available for trading on the secondary market. This enhances the liquidity of the shares, making it easier for investors to buy or sell them. Additionally, over time, investors may enjoy additional benefits such as bonus shares or dividends.
Can you invest in an upcoming IPO online?
Nowadays you can conveniently bid for upcoming IPOs online. Services like IDirect make it possible for you to invest in upcoming IPOs with ease and speed.
How to apply for an IPO?
- If you are already a client of any Online Trading Platforms, apply directly for RR Kable IPO.
- If you¡¯re a new investor Open DEMAT Account for free with Online Trading Platforms and build wealth with the best stock choices.
Disclaimer: Date and time may subjected to change. Any opinions and suggestions given in this article do not represent the views of Indiatimes. Investments are subject to market risks, please invest carefully.
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Anuj Tiwari writes stories for SEO and is a Youtube wizard. An engineer turned social media champ, he keeps a track of all that goes around the world. His interest areas include historic events, political and social-sciences.
