The Indian IPO landscape in 2024 presents a vibrant and dynamic arena for investors. With an array of upcoming IPOs across various sectors, there’s a palpable buzz among those looking to diversify their portfolios.
These IPOs not only reflect the growth and innovation in the Indian market but also offer a unique opportunity for investors to partake in the growth journey of some promising companies.
Understanding the nuances of these offerings, including Demat account charges and company financials, becomes necessary as an investor.
Ola Electric: Electrifying the Indian Market
Ola Electric is setting the stage for one of the most highly anticipated IPOs in 2024. The company aims to electrify the Indian automotive market with its innovative solutions. In preparation for this landmark event, Ola Electric has filed preliminary papers for an IPO, with plans for a fresh issue of equity shares up to Rs 5,500 crore. Additionally, there’s an Offer for Sale (OFS) of 9.52 crore equity shares by its promoters and investors, highlighting the scale of this IPO.
FirstCry: Redefining Retail
FirstCry, an omnichannel retailer, is gearing up for an IPO after postponing it the previous year. Backed by investors such as SoftBank, FirstCry has carved a niche in India’s retail market. Its unique business model, which combines an online platform with physical stores, allows it to cater to a wide range of customer needs and preferences. The company’s aim to revolutionise the retail industry in India aligns with the country’s growing digital economy and the increasing demand for convenient shopping solutions.
FirstCry has filed preliminary papers with the market regulators to prepare for its IPO. The IPO comprises a fresh issue of equity shares worth Rs 1,816 crore. This move underlines the company’s strong financial position and commitment to expanding its operations and enhancing its service offerings.
Awfis: Revolutionising Workspace Solutions
Awfis, a pioneering company in the domain of flexible workspace solutions, is preparing to step into the limelight of the public market. This marks a significant milestone in the company’s evolution and indicates its sustained growth and development.
The proposed Initial Public Offering (IPO) of Awfis comprises a fresh issue of up to Rs 160 crore, supplemented by an Offer For Sale (OFS) of 1 crore equity shares. This strategic move underlines the company’s commitment to broadening its reach and bringing innovative workspace solutions to a larger audience.
Awfis operates with the vision of revolutionising the traditional workspace setup. It aims to provide flexible, cost-effective, and efficient solutions that cater to the changing needs of businesses, especially in the wake of the global shift towards remote working.
The decision to go public not only highlights the company’s success but also its future potential. It signals the confidence of its stakeholders in its business model and growth prospects. The funds raised through the IPO will be instrumental in fueling Awfis’ expansion plans and will enable the company to solidify its market position further.
Unicommerce: Pioneering E-commerce Solutions
In another exciting development in the tech industry, Unicommerce, a renowned Software as a Service (SaaS) company specialising in e-commerce solutions, is set to embark on its IPO journey.
Guided by CLSA, a leading capital markets and investment group, Unicommerce’s decision to go public underscores its consistent growth trajectory and substantial influence in the rapidly evolving e-commerce sector.
Unicommerce’s innovative solutions have played a vital role in streamlining business e-commerce operations and enhancing efficiency and productivity. The company’s impending IPO is a testament to its robust performance and ability to deliver value to its customers.
The IPO journey signifies a new chapter in Unicommerce’s growth story. It reflects the company’s ambition to scale new heights and reaffirms its commitment to contributing to the advancement of the e-commerce industry.
Aakash (Byju’s subsidiary): Transforming Education
Aakash, a significant player in the education sector, was acquired by Byju’s, India’s most valued EdTech startup, in April 2021.
Post-acquisition, Aakash, a renowned name in test preparation services, has continued to operate as a subsidiary under Think and Learn, Byju’s parent company. The strategic acquisition has significantly aided in expanding Byju’s portfolio and reaches with Aakash’s vast network of physical coaching centres across India.
Over time, Aakash has witnessed an impressive surge in its revenue. The company is forecasting Rs 4,000 crore in revenue and Rs 900 crore in EBITDA by FY 2023-24, underlining its strong growth potential.
Beyond its financial success, Aakash is significantly transforming the education landscape. With its rich experience of over 33 years and a presence in more than 215 centers across India, Aakash has been instrumental in shaping the futures of numerous students.
As the next step in its growth journey, Aakash is poised for an IPO around mid-2024. This move is expected to strengthen Aakash’s position in the education sector further and pave the way for its continued growth and expansion.
PhonePe: A Leader in Digital Payments
PhonePe, a frontrunner in digital payments in India, is strategising for an IPO in 2024-2025. The company’s strategic diversification and robust growth underline its position as a leader in the digital payment space, making its IPO a much-anticipated event.
The company has been diversifying its operations beyond a payment platform to a comprehensive digital financial services provider. This strategic diversification, coupled with its strong user base, positions PhonePe favourably in India’s rapidly growing digital payments industry.
In line with its growth trajectory, PhonePe is strategising for an IPO in 2024-2025. The proposed public offering is a much-anticipated event, given the company’s strong market presence and potential for future growth.
The move towards an IPO indicates PhonePe’s confidence in its business model and growth strategies. It also presents an exciting opportunity for investors to be part of PhonePe’s growth journey, further solidifying its position as a leader in the digital payment space.
Final Word
As investors explore these upcoming IPO, understanding the implications of Demat account charges and conducting thorough research remains paramount. These IPOs represent significant growth potential and mark the evolving landscape of the Indian economy, offering diverse opportunities for investment and growth.
