Upcoming IPOs in February 2024

As January concludes, the anticipation for potential investment opportunities in February may rise. Following the launch of several IPOs in February, investors are keenly looking forward to the offerings lined up for the upcoming month.

These IPOs present a unique opportunity to invest in promising private companies on the brink of going public. Staying well-informed about these opportunities in advance is crucial for making informed investment decisions and effectively managing financial portfolios.

In this article, explore the upcoming IPOs slated for launch in February 2024.

Upcoming IPOs in India in February 2024

Here is the new upcoming IPO list for February 2024 (tentative). Some of these companies announced their bidding dates, while a few are yet to announce.

BLS-E Services Limited

BLS-E Services Limited is a digital service provider that provides Business Correspondence services to major Indian banks, as well as Assisted E-Services and E-Governance services at the grassroots level in India.

The company’s service offerings can be divided into three categories. (i) Business Correspondent Services; (ii) Assisted E-Services; and (iii) E-Government Services.

The company, a subsidiary of BLS International Services Limited, offers visa, passport, consular, and other citizen services to state and provincial governments throughout Asia, Africa, Europe, South America, North America, and the Middle East via a technology-enabled platform. It is India’s sole publicly traded firm in this sector.

By March 31, 2023, the merchant network had grown to 92,427 to serve underserved and unserved populations in remote places.

Revenue from operations in fiscal years 2021, 2022, and 2023 were R 6,448.72 lakhs, Rs 9,669.82 lakhs, and Rs 24,306.07 lakhs, respectively.

BLS E-Services IPO is a book-built issue of Rs 310.91 crore. The issue is entirely a fresh issue of 2.3 crore shares.

R K Swamy Limited

R K Swamy Limited operates in the areas of integrated marketing communications, customer data analysis, full-service market research, and syndicated studies.

R K Swamy is a data-driven, integrated marketing services company that heavily uses digital initiatives across all aspects of its operations.

In FY2023, the company launched more than 818 creative campaigns on behalf of its clients across many media platforms. It also processed more than 97.69 terabytes of data and conducted over 2.37 million customer interviews in the form of quantitative, qualitative and telephone surveys.

Aditya Birla Sun Life AMC Limited, Cera Sanitaryware Limited, Dr. Reddy’s Laboratories Limited, E.I.D. – Parry (India) Limited, Fujitsu General (India) Private Limited, Gemini Edibles and Fats India Limited, Havells India Limited, Hawkins Cookers Limited, Himalaya Wellness Company, Hindustan Petroleum Corporation Limited, ICICI Prudential Life Insurance Company Limited, IFB Industries Limited, Mahindra and Mahindra Limited, Oil and

R K SWAMY IPO is a book-built issue. The issue comprises of fresh issue of Rs 215.00 crore and an offer for sale of 0.87 crore shares.

Rashi Peripherals Limited

International technology brands are distributed in India by Rashi Peripherals Limited. They specialise in information and communication technology (ICT)-related goods.

Value-added services including pre-sales, technical assistance, marketing, credit solutions, and warranty management services are among the services the firm offers.

A few of the company’s clients are: NVIDIA Corporation; ASUS Global Pte. Ltd.; Dell International Services India Private Limited; HP India Sales Private Limited; Lenovo India Private Limited; Logitech Asia Pacific Limited; Eaton Power Quality Private Limited; ECS Industrial Computer Co. Ltd.; Belkin Asia Pacific Limited; Schneider Electric IT Business India Private Limited; TPV Technology India Pvt Ltd.; LG Electronics India Private Limited; Toshiba Electronic Components Taiwan Corporation.

Around 48 international technology manufacturers have chosen Rashi Peripherals as their national distribution partner as of September 30, 2022.

From Rs 39,344.82 million in Fiscal 2020 to Rs 93,134.38 million in Fiscal 2022, revenue from operations increased at a CAGR of 53.85%. Revenue for H1 2022 was Rs 50,238.09 million.

By September 2022, the firm would have 8657 Channel Partners dispersed over 730 sites, together with 50 branches, 50 service centres, and 62 warehouses throughout India.

Rashi Peripherals IPO is a book-built issue of Rs 750 crore. The issue is entirely fresh.

Apeejay Surrendra Park Hotels Limited

Under the brand names “THE PARK,” “THE PARK Collection,” “Zone by The Park,” “Zone Connect by The Park,” and “Stop by Zone,” Apeejay Surrendra Park Hotels Limited is a hotel company. Through its retail brand “Flurys,” the corporation is also involved in the food and beverage retail market.

The firm will have 80 restaurants, pubs, and nightclubs running as of March 31, 2023, providing a variety of gastronomic experiences.

There are now 27 hotels operated by the firm, ranging in several categories including upper midscale, upmarket, and luxury boutique. Offering a total of 2,111 rooms as of August 2023, these hotels are spread throughout several Indian cities, such as Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot.

Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love, and Bazaar are some of the restaurant brands owned by the corporation.

Apeejay Surrendra Park IPO is a book-built issue of Rs 1,050.00 crore. The issue is a combination of a fresh issue of Rs 650 crore and an offer for sale of Rs 400 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.