IPOs in 2024: The pace will not slow down this year too, from Ola Electric to First Cry... the queue of IPOs is going to be long

The domestic stock market has made a stable start on the first day of the year. Earlier, 2023 had proved to be a very good year for the market. Especially from the point of view of IPO, 2023 was tremendous. A number of IPOs were seen throughout the year. The pace of these stock market activities is expected to continue in the new year. From now on, many companies are standing in the queue to launch IPO.

So many IPOs launched in 2023

If we talk about last year, 57 IPOs were seen in the mainboard. This is the fourth highest number of IPOs in any one year. Mainboard's IPOs together succeeded in raising about Rs 50 thousand crore from the market during the entire year. The SME platform was many times busier than the mainboard. During the entire year, about 180 IPOs were launched on the SME platform. Dozens of IPOs on both mainboard and SME platforms proved to be multibaggers. Big names are involved. The most prominent name among the companies included in the queue is Ola Electric. The EV company has recently submitted the draft of its IPO to SEBI. According to DRHP, the company is going to raise $ 700-800 million from the IPO.

First Cry's IPO is coming

Omnichannel retailer First Cry also filed a draft to launch an IPO. Is. Big names like Mahindra Group and Amitabh Bachchan are already shareholders in this company. The company was planning to launch an IPO in 2022 itself, but due to market turmoil, the company postponed the plan. This company may try to raise 500-600 million dollars from the IPO.

These companies also submitted the draft

Apart from these, Awfis Space Solutions Ltd of the workspace sector will be launched in the coming days. , e-commerce sector's SaaS company Unicommerce, edutech company Byju's subsidiary Aakash, fintech company PhonePe, hospitality startup Oyo, medtech company Farm Easy, food delivery company Swiggy, fintech sector's PayU India and Mobikwik may also come up for IPO. All of them have submitted drafts to market regulator SEBI to launch IPO.

Also read: Wealth of more than Rs 32 thousand crores, but these business tycoons of Mumbai go to office by local train

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