Most awaited Upcoming IPOs in 2024

As we embark on a new year, the financial landscape is set for a thrilling transformation with the much-anticipated wave of IPOs in 2024. From innovative tech unicorns to sustainable disruptors, the stage is being set for a diverse array of companies to make their mark on the public market.

What to Expect:
Get ready for a front-row seat to witness the debut of groundbreaking companies that are reshaping industries. The 2024 IPO lineup promises an exciting blend of growth stories, market disruptors, and ventures that reflect the evolving demands of the global economy. More importantly, it is expected that more than 50 IPOs worth a cumulative value of ₹60,000 Cr. could be listed on the Stock Market.

Industry Dynamics:
From the tech sector's continual evolution to the rise of sustainable and ESG-focused enterprises, the 2024 IPOs are poised to mirror the dynamic shifts in market trends. Stay tuned for insights into how these companies plan to navigate challenges, capitalize on opportunities, and contribute to the ever-changing business landscape.

Let’s take a look at a few of the most sought-after IPOs that are expected to get listed in 2024:

Ola Electric: The EV arm of Ola is one of the most anticipated IPOs of 2024. Ola is aiming to raise ₹5,500 Cr. through its issue which is expected to value the company at close to US$ 7 Billion. In recent times, Ola Electric’s revenue seems to have surged on the back of a dedicated push by the government to promote E-Mobilty. This positions the company in a pole position to take advantage of the investor sentiment.

Aakash: Aakash was acquired by Edtech. major Byju’s in 2021 for US$950 Mn is said to be planning to launch an IPO in mid-2024. Post-acquisition Akash has seen a three-fold increase in projections to reach ₹4000 Cr. in revenue & ₹900 Cr. in EBITDA. Akash is a prominent player in the Test prep market which is expected to grow significantly on the back of an increasing number of examinations that students are preparing for This makes its IPO one of the most sought-after ones.

PhonePe: Another leading player in the digital payments industry is eyeing to get itself listed on the stock market in 2024. Following a US$ 200 Mn capital infusion by Walmart, valuing it at US$12 Bn, PhonePe is in the middle of a US$2 Bn fundraising. The company’s rapid expansion into various segments of digital payments & its robust position in the overall market, make its IPO a highly anticipated one.

Oyo Rooms: Oyo Room IPO has been perhaps the most anticipated one for a long time but it has been marred by delays due to the platform looking to raise public money to repay most of its debt. After filing an IPO with SEBI, it reportedly slashed its issue size by almost half, down to US$ 400-600 Mn, all of which is likely to be raised through primary issue.

boAt: The boAt IPO has generated considerable buzz as the renowned audio and consumer electronics brand is expected to go public in 2024. With a reputation for disrupting the market and a strong consumer following, boAt's IPO is poised to offer investors an opportunity to partake in the growth of this dynamic company. As the market eagerly awaits the IPO details, industry enthusiasts are keenly watching to see how boAt navigates the public arena and continues its success story.

In conclusion, the anticipation surrounding the most awaited IPOs of 2024 reflects not only the dynamism of the market but also the ever-growing thirst for innovation and investment opportunities. As we stand on the precipice of a new year, the companies poised to go public are not merely entering the stock market; they are embarking on a journey of growth, transformation, and market influence. Investors, enthusiasts, and industry analysts alike are gearing up to witness the unfolding narratives and significant milestones these IPOs will undoubtedly bring. The stage is set for a year of excitement, and as the curtains rise on the 2024 IPO season, the collective gaze of the financial world awaits the stories that will shape the next chapter in the evolution of business and investment.