An Initial Public Offering, or IPO, happens when a business makes its shares available to the general public for the first time. The public can get these shares, which the firm’s management had held, and the company can use the money raised to pay off debt or expand.
The firm is able to conduct free trade of its stock on the public exchange when the IPO is completed, and it is listed as a publicly traded corporation. Here are some of the new ipo worth investing in 2024
5 IPOs worth investing in 2024
- Ola Electric
With a variety of electric scooters, such as the S1 and S1 Pro models, Ola Electric is the most prominent seller of electric two-wheelers in India. Their impending initial public offering (IPO) is projected to be among the largest in the nation in recent memory. Among the prominent investors that support Ola Electric are Temasek, Tiger Global, and SoftBank. Ola Electric has disclosed intentions to deploy its first electric vehicle in 2024, along with plans to offer electric trucks and motorbikes in the future.
PhonePe is a well-known supplier of financial services and digital payments, with its main office located in Bengaluru, Karnataka, India. Nearly 440 million people have registered on PhonePe, one of the nation’s leading digital payment systems, and more than 200 million of those individuals engage with the site daily.
PhonePe’s payment system has been embraced at over 35 million physical and virtual retail locations, covering 99% of the nation’s pin codes. For the years 2024–2025, PhonePe is thinking about going public. Still, the choice will depend on a number of variables, including the state of the economy, the level of competition in the market, and operational efficiency.
In 2014, Swiggy was established in Bangalore and has since grown to become one of India’s leading online platforms for ordering and receiving meals in over 500 cities. In the nation’s meal delivery business, it has a market share of more than 50%. Swiggy provides grocery and parcel delivery services via Swiggy Instamart & Genie, along with meal delivery services.
With a goal value of around USD 10.7 billion, Swiggy intends to go public in 2024. With the funds, Swiggy will be able to acquire funds that are essential to its long-term plans for development and growth.
In India’s payment gateway market, PayU is a major participant and offers a wide range of payment options, including UPI, net banking, & credit or debit card operations. PayU is also a major player in the lending space, providing loans to merchants as well as customers.
The business reported $400 million in sales for the fiscal year that ended in March 2023, a significant increase of 31%. The potential value for the listing is predicted to be between USD 6-6.5 billion, and PayU is anticipated to prepare for an IPO in 2024.
Over 325 locations throughout the country are home to Aakash, a well-known exam preparation company in India and an affiliate of Byju’s. The organization is a leader in the sector, providing a wide range of courses, including engineering, medicine, and numerous competitive tests.
With sales growing at a CAGR (compound annual growth rate) of more than 26%, Aakash’s income increased significantly during the previous three years, from Rs 15 billion in FY21 to Rs 30 billion in FY23. It is projected that Byju’s Aakash IPO, which is set to open in mid-2024, would bring in around USD 1 billion. According to reports, the company uses these funds to create innovative goods and services in addition to growing its infrastructure.
It is important to be aware of the hazards involved with an initial public offering (IPO), even if it provides a bright future for investors with the possibility of large rewards. It is essential to do extensive research before thinking about making an IPO investment. This entails a careful assessment of the business’s financial situation and competitive stance for IPO allotment status for investment.
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