Have you ever wondered how your favourite tech or online retailers made their way to public ownership? An Initial Public Offering, or IPO, allows private companies to raise capital by selling shares of their business to the public for the first time. This helps companies fund future growth initiatives and gives everyday investors like you and me a chance to own a piece of the action from the beginning.
May IPOs to Watch
Here are some of the most anticipated IPOs scheduled from May 2024 that you should watch out for:
- Energy-Mission Machineries (India) Limited: This company manufactures equipment for the renewable energy sector. With India’s focus on clean energy solutions, this IPO opened on May 9th, 2024, and closed on May 13th, 2024. The issue price range was Rs. 131.00 to Rs. 138.00.
- TBO Tek Limited: This company provides cloud-based software solutions for the travel and hospitality industry. Its IPO opened on May 8th, 2024, and closed on May 10th, 2024. The issue price range was Rs. 875.00 to Rs. 920.00.
- Aadhar Housing Finance Limited: This company provides housing finance solutions catering to affordable housing segments. Aadhar Housing Finance Limited’s IPO was also underway, opening on May 8th, 2024, and closing on May 10th, 2024. The issue price range was Rs. 300.00 to Rs. 315.00.
- TGIF Agribusiness Limited: This company produces and processes fruits and vegetables. Similar to the previous two, TGIF Agribusiness Limited’s IPO was also ongoing, having opened its offering on May 8th, 2024. The issue price was Rs. 93.00, and the IPO closed on May 10th, 2024.
- ABS Marine Services Limited: This company provides marine engineering services to various industries, including oil and gas, shipping, and renewable energy. The IPO opened on May 10th, 2024, and will be closed on May 15th, 2024. It had an issue price range of Rs. 140.00 to Rs. 147.00.
- Premier Roadlines Limited is a leading logistics company specialising in road transportation across India. It opened its IPO on May 10th, 2024, and will close on May 14th, 2024. The issue price was set between Rs. 63.00 and Rs. 67.00.
- Aztec Fluids & Machinery Limited: This company manufactures and distributes industrial lubricants and related machinery. It opened its IPO alongside the others on May 10th, 2024, and will be closed on May 14th, 2024. The issue price range was Rs. 63.00 to Rs. 67.00.
- Piotex Industries Limited manufactures knitted fabrics for garments and other applications. It joined the May 10th IPO rush and will close on May 14th, 2024. The issue price was set at Rs. 94.00.
Investment Caution: Due Diligence in IPO Selection
The aforementioned is a partial list, and several other great IPOs are on the horizon in the upcoming months. Always do your research and analysis before making any investment decisions. You should also account for the company’s financial health, prospects, and the market before allocating money.
To summarise, 2024 looks promising for IPOs with companies across sectors like technology, finance, healthcare, manufacturing and more, all planning listings. While market conditions will ultimately decide the fate of these IPOs, these companies have promising business models and growth potential.
