Several companies are set to launch their initial public offerings (IPOs) in October 2024, offering exciting opportunities for investors. Here are a few notable ones:
- Hyundai Motor India: One of the most anticipated IPOs, Hyundai Motor India plans to raise around INR 25,000 crore (approximately $3 billion). It will offer a 17.5% stake through an offer for sale by its parent company. The funds are expected to boost its operations, particularly in the electric vehicle sector.
- Afcons Infrastructure: This construction giant, part of the Shapoorji Pallonji Group, is expected to raise INR 7,000 crore. The IPO aims to support debt repayment and operational improvements, tapping into India’s booming infrastructure sector.
- NTPC Green Energy: A subsidiary of NTPC, this clean energy company aims to raise INR 10,000 crore through its IPO. The funds will be used for renewable energy projects, including solar energy and green hydrogen, making it an attractive opportunity in the growing green energy sector.
- Shiv Texchem: This company’s IPO, which opened for subscription in October, was highly oversubscribed (152.85 times by day three). The funds will be used for working capital and corporate purposes, making it a hot IPO in the market.
These offerings provide exposure to various sectors, including automotive, construction, clean energy, and chemicals, attracting a wide range of investors. Keep an eye on market trends and subscription statuses as these IPOs progress