Are you ready to witness the excitement and potential of the stock market in 2024? Get ready to keep your eyes peeled for three upcoming IPOs that are set to usher in the future of the business world. These highly anticipated initial public offerings promise to shake up the industry and capture the attention of investors worldwide. In this article, we will delve into the details of these top three IPOs, giving you an exclusive insight into the companies and their potential for growth. From disruptive tech startups to innovative healthcare firms, each IPO brings a unique value proposition and promises to disrupt the market in its own way. As we look ahead to 2024, it’s crucial for investors and enthusiasts alike to stay ahead of the game by identifying the next big players in the IPO landscape. By exploring the companies and their offerings early on, you will be well-equipped to make informed investment decisions that could yield considerable returns. So, get ready to unveil the future and keep an eye on these upcoming IPOs that are poised to make waves in 2024.
1.Hyundai India’s IPO
Hyundai India, second-largest passenger carmaker in country, has filed its draft red herring prospectus (DRHP) with Securities & Exchange Board of India (SEBI) to launch its initial public offering (IPO). This move comes as India’s car market booms, with 4 million cars sold in 2023, positioning country as third-largest car market globally.
Reasons for Hyundai India IPO
1. Market Potential: With India being rapidly growing car market, Hyundai aims to capitalize on this momentum.
2. Electric Vehicle Market: India is also set to become third-largest electric vehicle (EV) market, attracting significant interest from automakers.
3. Local Subsidiary Strategy: Hyundai Motors India, local subsidiary of Korea’s Hyundai Motor Company, plans to offload 14.22 crore shares, amounting to 17.5% stake, providing local investors opportunity to participate in company’s growth.
conclusion
Hyundai India’s IPO represents significant development in Indian automotive market, offering investors chance to be part of growing industry. With robust financial projections, diverse product portfolio, & strategic market positioning, Hyundai India’s public offering is poised to attract substantial interest from domestic & international investors alike.
2. Waaree Energies
Waaree Energies Limited, established in 1989 and headquartered in Mumbai, India, is a leading force in the renewable energy sector, particularly solar energy. Boasting India’s largest aggregate installed capacity of 12GW across its plants in Gujarat as of June 30, 2023, Waaree has cemented its position as a key contributor to India’s clean energy transition. With a notable presence in the global solar module export market for Fiscal 2023, the company demonstrates its competitiveness and commitment to delivering high-quality renewable energy solutions worldwide.
Serving a diverse clientele of 407 customers in India and 20 customers abroad, Waaree has established itself as a trusted provider of solar energy solutions, backed by its track record of supplying over 6GW of solar modules and commissioning more than 1.1GW of solar EPC projects. Through its relentless focus on innovation, sustainability, and excellence, Waaree continues to drive the adoption of solar energy, contributing significantly to the fight against climate change and advancing the renewable energy agenda.
Product Portfolio
- PV module: Waaree Energies holds the distinction of being India’s largest solar panel manufacturer, with an impressive operational capacity of 12 GW for a range of solar PV modules. These modules (Mono PERC, Bifacial, BIPV, Flexible, and Polycrystalline) showcase the company’s commitment to diverse cutting-edge solar solutions.
- Inverter: Waaree Energies has gained industry recognition for its extensive range of quality, reliable, and efficient single and three-phase inverters. The company offers off-grid and on-grid inverters, addressing diverse energy needs and providing robust solutions for solar power systems.
- Solar products: Waaree Energies provides an extensive selection of solar products, such as solar street lights, home lighting systems, power packs, mobile chargers, and water pumps. These offerings address diverse energy requirements, reflecting the Company’s dedication to delivering sustainable solutions across various applications
Primary Objective of the IPO
The primary objective of the IPO is to raise capital for establishing a state-of-the-art 6 GW ingot wafer, solar cell, and solar PV module manufacturing facility in Odisha, with approximately Rs 2,500 crore earmarked for this ambitious initiative. This reflects Waaree Energies’ commitment to expanding its manufacturing capabilities and contributing to India’s renewable energy landscape. The remaining funds will be utilized for general corporate purposes.
3.Swiggy IPO
Swiggy is an online food delivery platform that was founded in 2014. It ranks as one of the two top food delivery startups in India along with Zomato, a company that went public in 2021.
Swiggy partners with a wide range of restaurants, providing easy access to diverse food dishes in over 500 Indian cities.
Beyond food delivery, Swiggy also offers on-demand grocery deliveries under the name Instamart, and a same-day package delivery service called Swiggy Genie.
While choosing to stay put during the IPO boom during the COVID-era, the food delivery startup is expected to launch its bid to go public soon.
As per various reports, Swiggy has got the green signal from internal shareholders for a $1.25 billion or ₹10,436.25 crore public listing.
Benefits of Investing in Swiggy IPO
- Business Expansion: Swiggy is planning to raise new funds for business expansion. The company aims to establish itself as a logistics company rather than just a food delivery platform
- Market Presence: Swiggy has a strong market presence and has been rapidly expanding. This could potentially lead to increased revenues and profitability in the future.
- Innovation: Swiggy leverages AI and machine learning to optimize delivery routes, personalized recommendations, and enhance user experience.
- Revenue Growth: Swiggy has seen impressive revenue growth in the past few years. From ₹5,705 crore in FY22 to ₹8,625 crore in FY23, it saw a 45% jump.
Risks of Investing in Swiggy IPO
Investing in Swiggy’s IPO, like any investment, comes with its own set of risks. Here are some potential risks and concerns to consider:
- Competition: Swiggy’s competitor, Zomato, is constantly innovating and pushing for market share.
- Market Conditions: The stock market has gone into a backdrop that has negatively impacted the top companies.
- Public Scrutiny: When a company goes public, it faces heightened scrutiny from both investors and regulators. Swiggy must show robust financial performance and maintain transparency to meet these demands.
- Operational Risks: Swiggy operates in a complex and rapidly changing business environment. Any operational mishaps or inability to adapt to changes could impact its business.
Conclusion
Swiggy’s IPO is a big event for the start-up ecosystem. This IPO is an opportunity for people to invest in an emerging business, but that comes with certain risks as with any IPO. Thus, you must analyze all available details and the DRHP before making an informed decision.
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