Upcoming IPOs in November 2024

Are you looking for the next big investment opportunity? Look no further than the upcoming IPOs in November 2024. This month, several exciting companies are set to go public, giving investors a chance to get in on the ground floor and potentially reap huge rewards.

From tech startups to healthcare companies, there is something for everyone in the upcoming IPO market. Whether you are a risk-averse investor looking for a safe bet or a thrill-seeker looking for the next big breakout stock, there is a good chance that you will find an IPO that interests you in November.

So, what are the most anticipated IPOs of November 2024? And what should investors know before investing? Read on to find out!

What is IPO?

IPOs (Initial Public Offerings) are a way for you to invest in a company when it first offers its shares to the public. This is a chance to buy shares in a company that is new to the stock market and could have a lot of growth potential.

In simple terms, an IPO is the process by which a private company becomes a public company by selling its shares to the public. Companies can raise money through an IPO by selling new shares (fresh issue) or by selling existing shares held by shareholders (offer for sale).

Upcoming IPOs in November 2024

Company NameIPOs Start DateIPOs Closed Date
ESAF Small Finance Bank Ltd.03 November 202407 November 2024
Protean EGov Technologies Ltd06 November 202408 November 2024
ASK Automotive Ltd.07 November 202409 November 2024

About ESAF Small Finance Bank Ltd.

ESAF Small Finance Bank Ltd is a small finance bank that provides financial services to underserved and unserved segments of the population. It offers a range of products and services, including micro loans, retail loans, MSME loans, loans to financial institutions, and agricultural loans.

ESAF Small Finance Bank IPO

  • Offer of up to [] equity shares at Rs. [] per share, aggregating up to Rs. 463 crore.
  • Fresh issue of [*] equity shares, aggregating up to Rs. 390.7 crore.
  • Offer for sale of [*] equity shares, aggregating up to Rs. 72.3 crore.
  • Employees can reserve [*] equity shares, aggregating up to Rs. 12.5 crore.
  • Price band: Rs. 57 to Rs. 60 per share.
  • Minimum bid: 250 shares.

Also Read: Top 10 books for stock market beginners in india

About Protean eGov Technologies Ltd

Protean eGov Technologies Ltd is an Indian IT-enabled services (ITES) company that provides a range of services to government agencies, including conceptualization, development, and execution of nationally critical and population-scale greenfield technology solutions.

The company has a strong track record of success and has worked on some of the most prestigious government projects in India, including the Aadhaar program and the Unified Payments Interface (UPI).

Protean eGov Technologies Ltd IPO

Protean eGov Technologies Ltd IPO

  • Offer size: Up to 6,191,000 equity shares
  • Face value: Rs. 10 per share
  • Offer price: Rs. [] per share
  • Offer for sale: 459,617 equity shares by 360 one special opportunities fund
  • 320,177 equity shares by 360 one special opportunities fund series 2
  • 148,197 equity shares by 360 one special opportunities fund series 3
  • 396,843 equity shares by 360 one special opportunities fund series 4
  • 309,225 equity shares by 360 one special opportunities fund series 5
  • 243,175 equity shares by administrator of the specified undertaking of the unit trust of india
  • 1,783,395 equity shares by nse investments limited
  • 705,674 equity shares by hdfc bank limited
  • 712,077 equity shares by axis bank limited
  • 712,077 equity shares by deutsche bank a.g.
  • 400,543 equity shares by union bank of india
  • Employee reservation portion: 150,000 equity shares
  • Employee discount: Up to []%
  • Offer constitutes: [*]% of the post-offer paid-up equity share capital
  • Price band and minimum bid lot: To be decided by the company

About ASK Automotive LTD.

ASK Automotive Limited is a leading Indian manufacturer of automotive components, including brake systems, aluminum lightweight precision solutions, and safety control cables. The company has over 30 years of experience in the automotive industry and supplies its products to a wide range of customers, including OEMs, OES, independent aftermarkets, and export markets.

ASK Automotive LTD. IPO

ASK Automotive Limited is going public on November 8, 2024, with an IPO of up to 29,571,390 equity shares at a price of Rs. [*] per share. The IPO includes an offer for sale of up to 20,699,973 equity shares by Kuldip Singh Rathee and up to 8,871,417 equity shares by Vijay Rathee (promoter selling shareholders).

Also Read: Motilal Oswal Mutual Fund 2024: Is MO Mutual Fund Best For You?

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