Upcoming IPOs in 2024

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About IPOs

IPO (Initial Public Offering) is the process by which a private company invites the public to purchase its shares for the first time. Through IPOs, companies can raise capital by offering their equity to regular investors.

Companies use the capital gained through IPOs to purchase equipment, specialised machinery and also repay debts. They can also use the capital for research and development or expansion.

IPOs provide you with the opportunity to become the owner of a newly listed company and benefit from the rise in share prices. Here are some of the reasons why you can consider investing in an IPO:

  • You’ll get the chance to invest early in companies with high-growth potential.
  • You can benefit from the long-term growth potential through IPO investment, as you get access to shares at the listing price.
  • Liquidity in IPOs is high, and you can easily sell the shares and make a quick profit on the investments.

We make the process of applying for an IPO easier than ever; you don’t have to search for information or documents as the details are pre-filled. Open a Demat account with us in a few minutes and apply for an IPO with your UPI ID.

What are upcoming IPOs?

Upcoming IPOs refer to the Initial Public Offerings of those companies that are gearing up to list their shares on stock exchanges for the first time. Only after an IPO, you can buy and sell shares of the company on stock exchanges.

Upcoming IPOs generate interest among investors because it is an opportunity to invest in companies with growth potential. Over recent years, investor demand for IPOs has reached unprecedented levels and companies have been able to raise substantial funds.

Considering the high level of interest, upcoming IPOs are expected to lead to similar levels of participation from them. You can take a look at the tentative dates of IPOs lined up for this year on this site.

How to apply for an IPO with Bajaj Broking - Web?

  1. Login to your trading platform, choose IPO from the Menu
  2. See Open IPOs and select apply
  3. Enter quantity and your UPI ID
  4. And you are done

How to invest in IPO with a Demat account?

  1. Visit our IPO Application Page
  2. Enter Client Code & click Proceed
  3. Validate OTP
  4. Select the IPO, provide necessary details, Enter UPI ID & select the UPI handle
  5. Submit the application
  6. Ensure the specified amount is there in your account
  7. Open your UPI app and approve the block mandate request
  8. In some cases, there may be some delay in the request to appear on your UPI app
  9. Your account balance to the extent of amount applied in the IPO will be blocked in your bank account
  10. The amount will be deducted only if you get the IPO allocation, or else the amount will be unblocked in your bank account in case of an unsuccessful IPO application

How to invest in IPO if you don’t have a Demat account?

  • Visit our IPO Application Page
  • Enter PAN number & mobile number
  • Validate the OTP received
  • Select the IPO in which you want to bid
  • Provide necessary details, Enter UPI ID & select the UPI handle and submit an application
  • Ensure the specified amount is there in your account
  • Open your UPI app and approve the block mandate request
  • In some cases, there may be some delay in the request to appear on your UPI app
  • Your account balance to the extent of amount applied in the IPO will be blocked in your bank account
  • The amount will be deducted only if you get the IPO allocation, or else the amount will be unblocked in your bank account in case of an unsuccessful IPO application

Why invest in IPO?

Here’s why you need to invest in IPOs:

  • Unleash Massive Earning Potential

    IPOs provide a great opportunity to buy shares at their listing price, thus they have a massive upside potential on investments.
  • Long-term growth potential

    IPO investors share the belief that share prices rise after its launch, especially if the company is a reputable company with an established market presence. This is one of the most important reasons why people prefer investing during an IPO.
  • Portfolio diversification

    Investing in an IPO is an effective way to diversify your investment portfolio. Equity from IPO holds the potential to generate higher returns compared to other asset classes.

Benefits of applying in IPO through us

Check the key benefits of investing in an IPO through us:

  • Quick account opening process:

    While a Demat account is necessary for bidding in an IPO, there’s no need to worry if you don’t have it. Through us, you can open a Demat account in 10 minutes. Click here to open a Demat and trading account
  • Apply in IPO through UPI ID:

    Now, you can apply for an IPO through your UPI ID. No paperwork or bank account details are required.
  • Fill form instantly:

    Your details will be pre-filled if you already have a Demat and trading account with us. So, there’s no need to waste time searching for any document or information while applying for an IPO.

Why does company launch an IPO?

Check the key reasons why a company launches an IPO:

  • Raising capital

    It helps to raise funds which help companies clear their debts, acquire cutting-edge technologies, and focus on capital expenditure, research and development.
  • Enhancing brand visibility and credibility

    An IPO brings a company’s brand into the spotlight. A company needs to open itself up to scrutiny to build credibility and improve brand equity. This makes newly listed companies highly transparent.
  • Liquidity of shareholders

    Existing shareholders can sell off their shares at their convenience. Only after an IPO, do companies get listed on stock exchanges and you get a chance to buy and sell shares as and when you need to.
  • Expansion and future growth opportunities

    Increasing the customer base and expanding its facilities are important catalysts for a company’s growth. The money a company accumulates through an IPO improves its growth trajectory.

Who can invest in IPO?

SEBI (Securities and Exchange Board of India) has segmented investors eligible to take part in the IPO bidding process, into four categories:

  • Qualified Institutional Investors (QIIs): This category includes public financial institutions, foreign portfolio investors, asset management companies (AMCs) and commercial banks registered with SEBI.
    If the QIIs end up purchasing more shares, you’ll have lesser shares to invest in. So, to maintain stability in the IPO process, SEBI has said that the allocation for QIIs should not be more than 50%.
  • Anchor Investors: Anchor investors are QIIs that have assets exceeding Rs.10 crore. They can purchase a maximum of 60% of the shares reserved for QIIs. Promoters, merchant bankers and direct relatives don’t fall under this category.
  • Retail Investors: Individuals who can invest up to Rs.2 lakh in a new IPO lot are retail investors. SEBI has mandated a minimum allocation of 35% under the retail quota. If there’s an oversubscription, companies need to issue a minimum of one lot of shares to each retail investor. If that’s not possible, a lottery system is used to distribute IPO shares.
    Resident and non-resident Indians (NRIs) and HUFs fall under this category of investors.
  • High-Net-Worth Individuals (HNIs) or Non-Institutional Investors (NIIs): Individuals and institutions which make investments exceeding Rs.2 lakh are known as HNIs and NIIs respectively. Unlike QIIs, NIIs don’t have to register their details with SEBI.
    Usually, companies reserve 15% of IPO for HNIs and NIIs.

Founded in 1960, FabIndia links more than 55,000 craft-based rural artists and handicraftsmen to modern markets in India. Thus, creating a strong foundation for empowerment of rural craftsmen while preserving and globalising India’s conventional handicrafts in the process.

Products of FabIndia are natural, contemporary, affordable and authentic Indian art. The company sells its products across two widely recognised Indian brands- Fabindia and Organic India. The categories of products sold include organic food, home and lifestyle, personal care, apparel and accessories. Its physical presence is through 309 Fabindia stores and 74 Organic India stores.

Imagine Marketing Limited is India's leading digital-first consumer products company founded in 2013 by Aman Gupta and Sameer Mehta. This company led by boAt as its flagship brand which was launched in 2014.

BoAt started its journey by selling hearables and other products within the audio category. Today, boAt’s product range involves audio gadgets and wearables to suit demands of diverse price and customer segments. boAt makes itself accessible to customers through its online website, e-commerce platforms and distributors across Indian cities.

Introduced in 2016, Go Digit also called Digit Insurance is one of the leading general insurance company with the aim to make buying and claiming insurance simple for every Indian. It is one of the leading full-stack Indian insurance companies leveraging digital and technological practices to introduce an innovative approach to their product design and other insurance products.

Besides life insurance, this company provides financial coverage for health, travel, vehicle, home shop and property insurance among many others. True to its name and tagline, “Go Simple, Go Digit”, this company has eliminated complicated rules while buying or claiming insurance policies. Go Digit focuses on transparency, convenience and simplicity while making its products available to target audiences.

Incorporated in 2007, Snapdeal Limited established itself among the largest e-commerce platforms in India. It ranks among the top four lifestyle shopping destinations online. Snapdeal provides an online platform to sell a wide range of products across home, fashion, personal care, beauty and other lifestyle categories.

By offering good quality and trendy products at an affordable price, Snapdeal successfully caters to middle-income and price-conscious customer base majorly from non-metro Indian cities. The company aims to become India's leading omni-channel and valuable lifestyle provider. With the help of third-party distributors, Snapdeal delivered its products to more than 2,500 towns and cities to date.

FAQs on upcoming IPOs

The online process is a simplified one to apply for ongoing IPO.You can apply from website or Bajaj Broking mobile app, utilize UPI as a convenient payment option.Simply click here to login to the console and input the necessary and UPI details before placing the bids. All you need to have is a Demat & Trading Account to apply for an IPO. If you don’t have one, you can open your free Demat and trading account

  • Have a Demat Account: Click here to login to the console and input the required details and UPI details before placing the IPO bids.
  • Don’t have a Demat account: If you are new to stock market, you can open your Demat and Trading account with Bajaj Broking instantly and apply for ongoing IPO. Click here to open demat account.

IPO Funding, also known as IPO Financing, is a short-term loan given to investors by financial institutions. Investors avail this loan to invest more in IPOs and increase their application size to enhance their potential returns from an upcoming IPO. The institution lends the money and charges interest for the number of days the loan amount is outstanding. Once the shares are listed and if the investor gets the allocation, the shares can be sold, and the proceeds can be used to repay the loan and the remaining amount can be taken by the investor.

Yes, you can modify or cancel your IPO application request after you have submitted it. However, it is important to note that the modification or cancellation can be done only till the subscription window is open. Once you cancel your application the blocked funds will be unblocked after 24 hours.

Subscribing to an IPO is very simple.

  • Click here to login to the console
  • Click on your preferred IPO
  • Mention the required details
  • Enter UPI ID, you will get a notification on your UPI app to accept the payment mandate.
  • You need to accept the mandate to complete the process.
  • On the allotment date, if you get the shares you will be notified.
  • If in case the share are not allotted, the amount blocked in your account will be unblocked again.
To apply instantly in ongoing IPO you can download Bajaj Broking App and Open Demat & Trading Account instantly. If you are an existing customer of Bajaj Broking, you can apply for IPO on Bajaj Broking app by clicking on Menu> IPOs/NCD> Open IPO

You can check the IPO start date by visiting UPCOMING IPO section in Bajaj Broking. Access all the details about when the IPO will begin, helping you stay informed and ready to invest.

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