As the first month of FY25 is about to close this week, May 2024 is set to commence from the upcoming Wednesday. If you are looking for a List of Upcoming IPOs to invest in, here are the ones that have disclosed their required IPO details. Additionally, we will include One more IPO expected to open in May 2024, although their specific dates and complete important information have not been revealed yet.
Indegene Limited provides digital services for the life sciences industry, spanning drug development, clinical trials, regulatory submissions, pharmacovigilance, complaints management, and sales/marketing support. Their offerings include Enterprise Commercial Solutions, Omnichannel Activation, Enterprise Medical Solutions, and Enterprise Clinical Solutions alongside 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 total size of the IPO, which includes both a fresh issue and an Offer for Sale, amounts to a total of up to Rs 1841.76 crore. The listing date is set for Monday, May 13, 2024. As per the latest update, the Grey Market Premium (GMP) stands at Rs 150 per share.
For the period ending December 31, 2023, the revenue of Indegene Limited stood at Rs 1,969.75 crore, whereas for the period ending March 31, 2023, it amounted to Rs 2,364.10 crore representing a gain of 40% YoY. The profit after tax was Rs 241.9 crore and Rs 266.1 crore for the respective periods.
The net proceeds will be used to repay the debt of a key subsidiary, ILSL Holdings, fund capital expenditures for both the company and another significant subsidiary, Indegene, and general corporate purposes and potential growth opportunities.
TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.
The TBO Tek IPO will take place from May 8, 2024, to May 10, 2024. The price band has not been revealed by the company yet. The company will issue fresh shares worth Rs 400 crore and offer for sale (OFS) of 1,25,08,797 shares with a face value of Rs 1 each. It will be listed on the BSE and NSE, with the listing date set for 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 company plans to use the IPO proceeds to expand its supplier and buyer base, enhance platform value with new business lines, pursue selective acquisitions for growth, and offer tailored travel solutions using procured data.
Incorporated in 2010, Aadhar Housing Finance Limited is a housing finance company focused on the lower-income segment. Its deep-impact branches and sales offices cater to customers in India’s tier 4 and tier 5 towns. The company offers a range of mortgage loan products for residential and commercial property purchase, construction, home improvement, and extension.
Aadhar Housing Finance IPO is sized at Rs 5000 crore, comprising a fresh issue of Rs 1000 crore, while the remaining Rs 4000 crore will be through OFS. The price details and important dates are yet to be revealed by the company; however, it will likely open in the upcoming month of May.
In FY23, Aadhar Housing Finance Limited saw a revenue increase of 18.22%, reaching Rs 2,043.52 crore, while its profit after tax (PAT) rose by 22.22%, reaching Rs 545.34 crore.
The company plans to utilize the Net Proceeds for future capital requirements for onward lending and general corporate purposes.
Slone Infosystems Limited is an Indian IT hardware solutions provider. They offer a range of IT equipment for sale and rent, including laptops, desktops, servers, and workstations. Additionally, they provide IT service solutions, such as cloud server management, and operate in segments like the sale of IT products and rental services.
This Upcoming SME IPO is scheduled from May 3 to May 7, 2024, with a price of Rs 79 per share. The lot size is 1600 shares, and the total issue size is 1,400,000 shares, aggregating up to Rs 11.06 crore. The listing date is set for Friday, May 10, 2024.
As per the latest update, the Grey Market Premium (GMP) stands at Rs 20 per share. And it is estimated that the listing price will be at around Rs 99, representing a 25.32% increase. Please remember that it is just an estimation and there is no guaranteed listing price.
For the period ending December 31, 2023, the revenue amounted to Rs 3,434.86 lakh, while for the period ending March 31, 2023, it was Rs 3,077.40 lakh. The profit after tax stood at Rs 284.72 lakh and Rs 74.66 lakh for the respective periods. The upcoming SME IPO Slone Infosystems Limited experienced a 15.73% increase in revenue and a significant 94.88% rise in PAT in FY23.
The equity shares issue targets three main objectives: purchasing essential equipment like laptops and desktops, repaying, or prepaying borrowings, and fulfilling general corporate needs.
Mandeep Auto Industries Limited is engaged in manufacturing and supplying various products, including sheet metal components, auto parts, sprocket gears, and machined components. These products find applications across diverse industries such as automobiles, tractors, material handling, earth-moving equipment, railways, defense, machine tools, and the DIY industry.
The IPO price is set at Rs 67 per share, with a lot size of 2000 shares and a total issue size of 3,768,000 shares, aggregating up to Rs 25.25 crore. The listing will be on NSE SME, although the dates have not been disclosed by the company yet.
The equity share issue aims to expand the Faridabad manufacturing facility, repay borrowings, cover working capital needs, and serve general corporate purposes.
In FY24, Mandeep Auto Industries Limited saw a 36.03% revenue growth, reaching Rs 2,978.74 lakh, while their profit after tax (PAT) surged by 62.17%, totaling Rs 104.91 lakh.
Winsol Engineers Limited specialises 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, totalling a Rs 23.36 crore issue size. The listing is set for Tuesday, May 14, 2024, on the NSE SME.
The proceeds from the fresh issue will be utilised for working capital requirements and general corporate purposes.
Refractory Shapes Limited specialises in manufacturing various types of bricks, castable, 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, totalling a Rs 18.60 crore issue size. The listing is set for Tuesday, May 14, 2024, on the NSE SME.
In FY23, Refractory Shapes witnessed a 47.7% increase in revenue, while its profit after tax (PAT) dropped by -33.2% to Rs 191.74 crore.
Finelistings Technologies Limited operates in two main sectors they are the 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, totalling a Rs 13.53 crore issue size. The listing is set for Tuesday, May 14, 2024, on the BSE SME.
In FY23, the upcoming IPO in May, Finelistings Technologies Limited witnessed significant growth, with revenue increasing by 100.29% to reach Rs 1390.62 crore, and profit after tax (PAT) surging by 2247.9% to Rs 178.92 crore.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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