Upcoming IPOs in India 2024: Here’s the List

upcoming_ipos_in_2024
upcoming_ipos_in_2024

In our latest blog post, we’re unveiling the much-anticipated list of Upcoming IPOs in India for the year 2024. Whether you’re a seasoned investor or just stepping into the world of financial markets, this comprehensive guide will give you a glimpse into the upcoming Initial Public Offerings, highlighting key details and potential game-changers.

Stay ahead of the curve and dive into the future with our curated list – because informed decisions lead to prosperous investments. Let’s explore the wealth of possibilities together!

List Of Upcoming IPOs in India 2024

Issuer CompanyOpen DateClose DateIssue Price (Rs)Issue Size (Rs Cr.)Lot SizeExchange
Addictive Learning Technology Ltd130.00 to 140.0060.161,000NSE SME
New Swan Multitech LtdJan 11, 2024Jan 15, 202462.00 to 66.0033.112,000BSE SME
Australian Premium Solar (India) LtdJan 11, 2024Jan 15, 202451.00 to 54.0028.082,000NSE SME
Jyoti CNC Automation LtdJan 09, 2024Jan 11, 2024315.00 to 331.001,000.0045BSE, NSE
IBL Finance LtdJan 09, 2024Jan 11, 202451.0033.412,000NSE SME

About Addictive Learning Technology Ltd. IPO

Lawsikho is launching its Initial Public Offering (IPO) with a total value of Rs 60.16 crores. The IPO includes a fresh issue of 41.37 lakh shares worth Rs 57.92 crores and an offer for sale of 1.6 lakh shares amounting to Rs 2.24 crores.

The subscription for Lawsikho IPO opens on January 19, 2024, and closes on January 23, 2024. The allotment is expected to be finalized on January 24, 2024, with the listing on NSE SME planned for January 29, 2024.

The IPO price range is set at ₹130 to ₹140 per share, and the minimum lot size is 1000 shares. Retail investors need a minimum investment of ₹140,000, while HNI investors are required to invest in 2 lots (2,000 shares) totaling ₹280,000.

Narnolia Financial Services Ltd is the book running lead manager, and Maashitla Securities Private Limited is the registrar for the Lawsikho IPO.

Addictive Learning Technology Ltd IPO Details

IPO NameAddictive Learning Technology Ltd
IPO DatesJanuary 19, 2024, to January 23, 2024
Face Value₹10 per share
Price Range₹130 to ₹140 per share
Lot Size1000 Shares
Total Issue Size4,297,000 shares (₹60.16 Cr)
Fresh Issue4,137,000 shares (₹57.92 Cr)
Offer for Sale160,000 shares (₹2.24 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding Pre-Issue11,772,732
Shareholding Post-Issue15,909,732
Market Maker Portion316,000 shares

Lawsikho IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Lawsikho IPO Timeline

EventDate
IPO OpensJanuary 19, 2024
IPO ClosesJanuary 23, 2024
Basis of AllotmentJanuary 24, 2024
Refunds InitiatedJanuary 25, 2024
Shares Credited to DematJanuary 25, 2024
Listing DateJanuary 29, 2024
Cut-off time for UPI mandate confirmation5 PM on January 23, 2024

Lawsikho IPO Lot Size:

  • Retail Investors: Minimum 1 lot (1000 shares), ₹140,000 investment
  • HNI Investors: Minimum 2 lots (2000 shares), ₹280,000 investment

Promoter Holding:

  • Share Holding Pre Issue: 92.27%
  • Share Holding Post Issue: 67.27%

Promoters:

  • Mr. Ramanuj Mukherjee
  • Mr. Abhyudaya Sunil Agarwal

History of Addictive Learning Technology Limited

Established in September 2017, Addictive Learning Technology Limited is an edtech platform focused on senior and mid-career professionals, offering upskilling and career services. Under its brands LawSikho, Skill Arbitrage, and Dataisgood, the company provides courses in Law, Finance, Compliance, HR, Business Consulting, AI, Content Writing, and Data Science.

The company also facilitates international bar exam courses like the Canada Bar Exam, UK Solicitor Qualification Exam, and California Bar Exam. Accredited by the National Skill Development Corporation (NSDC), their courses provide co-branded certificates with NSDC and Skill India upon completion.

As of October 2023, Addictive Learning Technology Limited employs 145 full-time staff and engages 444 full-time professionals/consultants.

Financial Highlights (Restated)

  • Revenue grew by 80.41%, and Profit After Tax (PAT) surged by 603.63% between March 31, 2022, and March 31, 2023.
  • Assets increased to ₹1,324.95 Lakhs, and Net Worth rose to ₹522.27 Lakhs.
  • Reserves and Surplus reached ₹512.17 Lakhs.
  • Key Performance Indicators (KPIs) include a Return on Equity (ROE) of 119.79%, Return on Capital Employed (ROCE) at 157.53%, Debt/Equity ratio of 0.08, Earnings Per Share (EPS) of ₹4.94, and Return on Net Worth (RoNW) at 119.79%.

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About New Swan Multitech Ltd. IPO

The New Swan Multitech IPO is a book-built issue valued at Rs 33.11 crores, consisting entirely of a fresh issue of 50.16 lakh shares.

Subscription for the New Swan Multitech IPO commences on January 11, 2024, and concludes on January 15, 2024. Allotment results are anticipated to be confirmed by Tuesday, January 16, 2024. The IPO is set to be listed on BSE SME, with a tentative listing date scheduled for Thursday, January 18, 2024.

The IPO price band for New Swan Multitech is established at ₹62 to ₹66 per share. The minimum application lot size is 2000 shares, requiring a minimum investment of ₹132,000 for retail investors. HNI investors are required to invest in 2 lots (4,000 shares), totaling ₹264,000.

Hem Securities Limited and Share India Capital Services Private Limited serve as the book-running lead managers for the New Swan Multitech IPO, and Bigshare Services Pvt Ltd is the appointed registrar for the issue.

New Swan Multitech Ltd. IPO Overview

IPO NameNew Swan Multitech Ltd.
IPO DatesJanuary 11, 2024, to January 15, 2024
Listing Date[Not specified]
Face Value₹10 per share
Price Band₹62 to ₹66 per share
Lot Size2000 Shares
Total Issue Size5,016,000 shares (₹33.11 Cr)
Fresh Issue5,016,000 shares (₹33.11 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Shareholding Pre-Issue14,000,240
Shareholding Post-Issue19,016,240

New Swan Multitech IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

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History of New Swan Multitech Limited

Established in 2014, New Swan Multitech Limited specializes in manufacturing precision-engineered components for the automotive industry and modern farming. The company’s automotive product range includes crucial parts for two-wheelers, while their farming equipment comprises a variety of implements.

Automotive Product Portfolio:

  • Assembly engine hangers
  • Hinge body covers
  • Front cover stay components
  • Fuel filler cap components
  • Main stand complete assemblies
  • Engine guard plates
  • Rear brake arm assemblies
  • Separator breathers
  • Cable guide assemblies
  • Battery tray components, and more.

Bracket Designs:

  • Cooling recovery reservoir brackets
  • Exhaust tailpipe brackets
  • Fuse block brackets
  • Floor panel brackets
  • Passenger car air cleaner inlet hose brackets.

Farming Equipment:

  • Rotovators
  • Seeders
  • Super seeders
  • Weeders
  • Potato planters
  • Potato diggers
  • Fertilizer spreaders
  • Mulchers
  • Puddlers
  • Laser land levellers
  • Disc ploughs, and various other agricultural implements.

The manufacturing facilities are situated in Ludhiana, Punjab (agricultural components), and Ahmedabad, Gujarat (auto parts).

As of September 30, 2023, the company’s product portfolio includes 300 SKUs of agricultural equipment and auto parts.

Customer Base:

  • Automotive Industry: Honda Motorcycle, Scooter India, MG Motors, Mahindra & Mahindra.
  • Farming Equipment Distribution: 200 dealers across 11 Indian states.

Financial Highlights (Restated):

  • Revenue: ₹15,142.17 Lakhs in FY 2023.
  • PAT Growth: 173.15% between FY 2022 and FY 2023.
  • Key Performance Indicators:
  • P/E: 9.32x
  • ROE: 33.27%
  • ROCE: 24.86%
  • Debt/Equity: 1.31
  • EPS: ₹7.09
  • Return on Net Worth (RoNW): 33.27%

New Swan Multitech Limited IPO Timeline

EventDate
IPO OpensJanuary 11, 2024
IPO ClosesJanuary 15, 2024
Basis of AllotmentJanuary 16, 2024
Refunds InitiatedJanuary 17, 2024
Shares Credited to DematJanuary 17, 2024
Listing DateJanuary 18, 2024
Cut-off time for UPI mandate confirmation5 PM on January 15, 2024

New Swan Multitech IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)12000₹132,000
Retail (Max)12000₹132,000
HNI (Min)24,000₹264,000

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About Australian Premium Solar (India) Ltd IPO

The Australian Premium Solar (India) IPO, valued at Rs 28.08 crores, is exclusively a fresh issue of 52 lakh shares.

Subscription for the Australian Premium Solar (India) IPO commences on January 11, 2024, and concludes on January 15, 2024. The allotment results are anticipated to be confirmed on Tuesday, January 16, 2024. The IPO is set to be listed on NSE SME, with a tentative listing date scheduled for Thursday, January 18, 2024.

The IPO price band is established at ₹51 to ₹54 per share, with a minimum lot size of 2000 shares. Retail investors are required to make a minimum investment of ₹108,000, while HNI investors need to invest in 2 lots (4,000 shares), totaling ₹216,000.

Beeline Capital Advisors Pvt Ltd is the book running lead manager, and Link Intime India Private Ltd is the appointed registrar for the Australian Premium Solar (India) IPO.

Australian Premium Solar (India) Ltd IPO Overview

IPOAustralian Premium Solar (India) IPO
IPO DatesJanuary 11, 2024, to January 15, 2024
Listing Date[Not specified]
Face Value₹10 per share
Price Band₹51 to ₹54 per share
Lot Size2000 Shares
Total Issue Size5,200,000 shares (₹28.08 Cr)
Fresh Issue5,200,000 shares (₹28.08 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding Pre-Issue14,540,000
Shareholding Post-Issue19,740,000
Market Maker Portion260,000 shares

Australian Premium Solar (India) IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

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Australian Premium Solar (India) IPO Timeline

EventDate
IPO OpensJanuary 11, 2024
IPO ClosesJanuary 15, 2024
Basis of AllotmentJanuary 16, 2024
Refunds InitiatedJanuary 17, 2024
Shares Credited to DematJanuary 17, 2024
Listing DateJanuary 18, 2024
Cut-off time for UPI mandate confirmation5 PM on January 15, 2024

Australian Premium Solar (India) IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)12000₹108,000
Retail (Max)12000₹108,000
HNI (Min)24,000₹216,000

Australian Premium Solar (India) IPO Promoter Holding

Share Holding Pre IssueShare Holding Post Issue
99.98%73.64%

Hstory of Australian Premium Solar (India) Ltd. IPO

Incorporated in 2013, Australian Premium Solar (India) Limited specializes in the manufacturing of monocrystalline and polycrystalline solar modules. Additionally, the company offers engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial solar applications.

Solar Panel Types

  1. Monocrystalline Solar Panels
    • Efficient cells with a darker, uniform appearance.
    • Allows strategic placement of busbars without significant visual impact.
  2. Polycrystalline Solar Panels
    • Cells with a blue or speckled appearance.
    • Busbars positioned to accommodate the less uniform appearance.

Installation Services

  • Solar panels for residential, agricultural, and commercial use.
  • Solar pumps installation for residential and industrial customers.
  • Solar pump installation for agricultural clients.

As of August 31, 2023, the company has successfully installed solar solutions for over 10,000 customers, with more than 9,500 rooftop installations for residential buildings and over 1,300 installations of solar pumps for agriculture.

The manufacturing facility is based in Sabarkantha, Gujarat, India, and as of July 31, 2023, the company employs a workforce of 169 individuals.

Financial Highlights (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets₹3,918.90 Lakhs₹3,468.37 Lakhs₹3,501.67 Lakhs
Revenue₹9,495.86 Lakhs₹9,832.92 Lakhs₹7,443.97 Lakhs
Profit After Tax₹333.43 Lakhs₹270.48 Lakhs₹180.11 Lakhs
Net Worth₹1,446.62 Lakhs₹1,113.19 Lakhs₹847.10 Lakhs
Reserves & Surplus₹1,444.62 Lakhs₹1,111.19 Lakhs₹845.10 Lakhs
Total Borrowing₹222.13 Lakhs₹299.37 Lakhs₹328.96 Lakhs

Key Performance Indicators (KPIs)

KPIValues
P/E (x)23.58
Market Cap (₹ Cr.)106.6
ROE26.05%
ROCE30.62%
Debt/Equity0.15
EPS (Rs)1.24
RoNW23.05%

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Jyoti CNC Automation Limited IPO

Jyoti CNC Automation IPO is a book built issue aiming to raise Rs 1,000.00 crores, comprising an entirely fresh issue of 3.02 crore shares.

The subscription for Jyoti CNC Automation IPO begins on January 9, 2024, and concludes on January 11, 2024. The allotment results are anticipated to be finalized by Friday, January 12, 2024. The IPO is set to be listed on both BSE and NSE, with a tentative listing date scheduled for Tuesday, January 16, 2024.

The price band for Jyoti CNC Automation IPO is established at ₹315 to ₹331 per share, with a minimum lot size of 45 shares. Retail investors are required to make a minimum investment of ₹14,895. For sNII (Non-Institutional Investors), the minimum lot size investment is 14 lots (630 shares), amounting to ₹208,530. For bNII (Qualified Institutional Buyers), the minimum lot size investment is 68 lots (3,060 shares), totaling ₹1,012,860.

The book running lead managers for the Jyoti CNC Automation IPO are Equirus Capital Private Limited, ICICI Securities Limited, and SBI Capital Markets Limited, with Link Intime India Private Ltd serving as the registrar for the issue.

Jyoti CNC Automation IPO Overview

IPOJyoti CNC Automation Ltd.
IPO DatesJanuary 9, 2024, to January 11, 2024
Listing DateNot Available
Face Value₹2 per share
Price Band₹315 to ₹331 per share
Lot Size45 Shares
Total Issue Size30,211,480 shares (₹1,000.00 Cr)
Fresh Issue30,211,480 shares (₹1,000.00 Cr)
Employee Discount₹15 per share
Issue TypeBook Built Issue IPO
Listing OnBSE, NSE
Shareholding Pre-Issue197,204,447
Shareholding Post-Issue227,415,927

Jyoti CNC Automation IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot less than 75% of the Net Issue
Retail Shares OfferedNot more than 10% of the Net Issue
NII (HNI) Shares OfferedNot more than 15% of the Net Issue

Jyoti CNC Automation IPO Timeline

EventDate
IPO OpensJanuary 9, 2024
IPO ClosesJanuary 11, 2024
Basis of AllotmentJanuary 12, 2024
Refunds InitiatedJanuary 15, 2024
Shares Credited to DematJanuary 15, 2024
Listing DateJanuary 16, 2024
Cut-off time for UPI mandate confirmation5 PM on January 11, 2024

Jyoti CNC Automation IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)145₹14,895
Retail (Max)13585₹193,635
S-HNI (Min)14630₹208,530
S-HNI (Max)673,015₹997,965
B-HNI (Min)683,060₹1,012,860

Jyoti CNC Automation IPO Promoter Holding

Share Holding Pre IssueShare Holding Post Issue
72.66%Not Available

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History of Jyoti CNC Automation Limited

Jyoti CNC Automation Limited, established in January 1991, is a prominent Indian manufacturer and supplier specializing in CNC machines. The company has a diverse product range, including CNC turning centers, CNC turning-milling centers, CNC vertical machining centers (VMCs), CNC horizontal machining centers (HMCs), simultaneous 3-axis CNC machining centers, simultaneous 5-axis CNC machining centers, and multi-tasking machines.

Customer Base:
The company serves a wide range of clients, including the Indian Space Applications Center – ISRO, BrahMos Aerospace Thiruvananthapuram, Turkish Aerospace, Uniparts India, Tata Advances System, Tata Sikorsky Aerospace, Bharat Forge, Shakti Pumps (India), Shreeram Aerospace & Defense, Rolex Rings, Harsha Engineers, Bosch Limited, HAWE Hydraulics, Festo India, Elgi Rubber, National Fittings, and others.

Global Presence:
Jyoti CNC distributes its products globally through a network of dealers, with 29 sales and service centers in Romania, France, Poland, Belgium, Italy, and the UK.

Manufacturing Facilities:
The company operates three manufacturing facilities, with two located in Rajkot, Gujarat, and one in Strasbourg, France. These facilities are equipped to design, develop, and manufacture the entire product line.

Production Capacity (as of June 30, 2023):

  • 4,400 machines per year in India
  • 121 machines per year in France

Order Backlog (as of June 30, 2023):

  • ₹31,430.56 million, including a ₹2,602.50 million order from an electronic manufacturing services (EMS) company.

Employee Count (as of June 30, 2023):

  • 2,573 employees

Financial Performance (Restated Consolidated):

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets₹1,706.07 Cr₹1,515.38 Cr₹1,286.24 Cr₹1,388.19 Cr
Revenue₹510.53 Cr₹952.60 Cr₹750.06 Cr₹590.09 Cr
PAT₹3.35 Cr₹15.06 Cr-₹48.30 Cr-₹70.03 Cr
Net Worth₹205.63 Cr₹36.23 Cr-₹29.68 Cr₹18.67 Cr
Reserves and Surplus₹213.33 Cr₹49.14 Cr₹11.67 Cr₹83.11 Cr
Total Borrowing₹821.40 Cr₹834.97 Cr₹792.16 Cr₹725.12 Cr

Key Performance Indicators:

KPIValues
P/E (x)324.5
ROE18.35%
ROCE9.50%
Debt/Equity10.17
EPS (Rs)1.02
RoNW18.35%

About IBL Finance IPO

The IBL Finance IPO is a fixed-price issue amounting to Rs 33.41 crores, consisting of an entirely fresh issue of 65.5 lakh shares. Subscriptions for the IPO will be open from January 9 to January 11, 2024, with allotment expected to be finalized on Friday, January 12, 2024. The listing on NSE SME is scheduled for Tuesday, January 16, 2024.

Priced at ₹51 per share, the minimum lot size for an application is set at 2000 shares, requiring a minimum investment of ₹102,000 for retail investors. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots (4,000 shares) totaling ₹204,000.

Fedex Securities Pvt Ltd serves as the book running lead manager for the IBL Finance IPO, with Bigshare Services Pvt Ltd acting as the registrar. Market-Hub Stock Broking is appointed as the market maker for the IPO.

IBL Finance IPO Overview

IPO DateJanuary 9, 2024, to January 11, 2024
Listing DateNot Avail
Face Value₹10 per share
Price₹51 per share
Lot Size2000 Shares
Total Issue Size6,550,000 shares (₹33.41 Cr)
Fresh Issue6,550,000 shares (₹33.41 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Shareholding Pre-Issue18,180,650
Shareholding Post-Issue24,730,650
Market Maker Portion330,000 shares
Market MakerMarket-Hub Stock Broking

IBL Finance IPO Reservation

Investor CategoryShares Offered
Retail50% of the Net issue
Other50% of the Net issue

IBL Finance IPO Timeline

EventDate
IPO Open DateTuesday, January 9, 2024
IPO Close DateThursday, January 11, 2024
Basis of AllotmentFriday, January 12, 2024
Initiation of RefundsMonday, January 15, 2024
Credit of Shares to DematMonday, January 15, 2024
Listing DateTuesday, January 16, 2024
Cut-off time for UPI mandate confirmation5 PM on January 11, 2024

IBL Finance IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below outlines the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)12000₹102,000
Retail (Max)12000₹102,000
HNI (Min)24,000₹204,000

IBL Finance IPO Promoter Holding

The Promoters of the company include Manish Patel, Piyush Patel, and Mansukhbhai Patel.

  • Share Holding Pre Issue: 85.55%
  • Share Holding Post Issue: 62.89%

About IBL Finance Limited

Incorporated in August 2017, IBL Finance Limited operates as a fintech-based financial services platform, leveraging technology and data science for streamlined lending. The company’s mobile app, IBL Finance, facilitates instant personal loans of up to ₹50,000 through a fully digital process, with approval times as fast as under 3 minutes.

As of March 31, 2023, IBL Finance has disbursed 1,63,282 personal loans totaling ₹7,105.44 lakhs. In 2023, the IBL Instant Personal Loan app recorded 381,156 logins, with an average of 27,969 active users monthly. The company currently operates seven branches in key cities of Gujarat and Maharashtra as of August 2023, employing 81 full-time staff members as of June 30, 2023.

IBL Finance Limited Financial Information (Restated)

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets₹2,317.60₹2,218.11₹1,022.85₹339.10
Revenue₹492.58₹1,333.13₹327.08₹112.59
Profit After Tax₹120.60₹192.83₹42.73-₹9.88
Net Worth₹2,169.34₹2,048.74₹355.47₹312.73
Reserves and Surplus₹351.27₹1,139.71₹29.47-₹13.27
Total Borrowing₹7.51₹9.12₹640.58

Key Performance Indicator

KPIValues
ROE9.41%
ROCE18.88%
Debt/Equity0
EPS (Rs)1.15
RoNW9.41%

Conclusion

In this article, we’re basically tell about upcoming IPOs with brief overview. We had discussed about IPO Timelines, Financial Stats and History or Brief Overview of the company. Hope this article will helpful for you. Have any question asked us by below comment section. We’re always here to help!

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