Upcoming IPOs In May 2024
Introduction
With summers in full swing in most parts of India, the initial public offering (IPO) market is heating up, too. Several companies are in the pipeline to go public in May 2024 and cash in on rising investors’ confidence. As an investor, participating in these IPOs can help you grow your wealth in the long run. Read on to find out the companies likely to be listed on exchanges in May.
List of Upcoming IPOs in May 2024
Here are the companies that are all set to go public in May:
- Indegene Ltd
Indegene Ltd’s IPO is one of the most eagerly awaited IPOs in May. The company has a track record of over two decades of offering solutions to assist life science companies. It has offices across Asia, Europe, and North America. The company’s IPO will hit markets on 6th May and will close on 8th May.
The issue size is Rs 1841.76 crores with an issue price between Rs 430 to Rs 452. Investors can bid in a lot size of 33 shares with a face value of Rs 2. The total shares offered are 40,746,891. The company will get listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on 13th May.
- Slone Infosystems
Another IPO that will hit Indian markets in May 2024 is that of Slone Infosystems. The company is into IT hardware solutions. It deals in renting and selling IT equipment to corporations. The company will come up with its IPO on 3rd May. The IPO will close on 7th May.
The IPO’s issue size is Rs 11.06 crores, and the issue price is Rs 79. The minimum lot size is 1600, and the face value of the shares is Rs 10. The company will be listed on the NSE on 10th May, and the total number of shares offered is 1,400,000.
- Winsol Engineers Limited
Winsol Engineers Limited will launch its IPO on 6th May 2024. The company specialises in engineering and construction and serves clients in the renewable energy industry. It has received various ISO certifications, which testify to its quality of services.
The company’s IPO will close on 9th May, and the issue size is Rs 24.46 crores. The issue price is Rs 71 to 75 and the company will get listed on the NSE on 14th May. The total number of shares offered is 3,261,760.
- Refractory Shapes
Refractory Shapes, engaged in the manufacturing of various ceramic balls, bricks, insulating mortars, etc, will come out with its IPO on 6th May. The IPO will close on 9th May. The IPO’s issue size is Rs 18.60 crores, and the issue price is Rs 27 to Rs 31.
The face value of the shares is Rs 10, and the total number of shares on offer is 6,000,000. The company will be listed on the NSE on 14th May, and the minimum lot size is 4000.
Important Things to Keep in Mind
While you can invest in these upcoming IPOs in May 2024 and be a part of the company’s growth story if they perform well in the future, there are certain essential things to remember. These include:
- Analysing key financial metrics
Analyse the company’s essential financial metrics before investing. Look at the revenues, profit earned after tax, debt-to-equity ratio, total assets and liabilities, etc., to understand the company’s financial positioning. Investing in a financially robust company with a strong balance sheet is vital.
- Strengths and weaknesses
Every company has particular strengths and weaknesses. While strengths can boost a company’s bottom line, weaknesses can hamper production and bring down revenues. As an investor, you need to know these. It is important to be aware of the risks you are undertaking. A holistic knowledge of a company’s strengths and weaknesses can aid you in making informed decisions.
- Your financial goals and risk tolerance
Lastly, you must be aware of your financial goals and risk appetite. You need to ensure that the objective you want to achieve by investing in a company’s IPO matches your goals.
In Conclusion
Several promising companies constitute the list of upcoming IPOs in May 2024. You can find key information about them in their draft red herring prospectuses. Reading it thoroughly before investing in an IPO can help you make meaningful investment decisions.
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