November 2024 IPOs to Watch: NTPC Green, Acme Solar, Mobikwik & More Upcoming Listings in India

As the year-end approaches, the Indian IPO market is set to see a dynamic lineup of companies across diverse sectors, offering a range of investment opportunities

November 2024 IPOs to Watch: NTPC Green, Acme Solar, Mobikwik & More Upcoming Listings in India

With the end of the year fast approaching, the Indian IPO market promises to see a scintillating set of companies from different sectors that might present many investment opportunities. November 2024 has a jam-packed calendar, with major listings by some companies including some renewable energy companies like NTPC Green Energy Ltd and Acme Solar Pvt Ltd besides other tech-driven platforms such as Mobikwik Ltd. So, let’s view some of these upcoming IPOs and how they might become vital for the investors.

1. NTPC Green Energy Ltd

NTPC Green Energy Ltd is one of the leaders in India’s renewable energy and a large subsidiary owned by NTPC Ltd. This holds tremendous capacity and operating capabilities, with NTPC Green standing very crucially in India’s energy spectrum. The company has filed its initial public offer, which is to raise Rs 5,000-6,000 crore. Reports say that the fresh issue is to come with an OFS or offer for sale by the parent NTPC Ltd.

Price bands could be between Rs 100 and Rs 120 per share, and considering the fact that NTPC Green Energy will list its equity at both the National Stock Exchange as well as the Bombay Stock Exchange, this one would surely attract the most serious interest from the renewable energy sector-oriented investor. NTPC is an established brand, and green energy will play a more important role there than ever before, making it quite a near opportunity within India’s public market.

2. Acme Solar Holdings Ltd

One of India’s major renewable energy companies, Acme Solar Holdings Ltd, is planning to raise Rs 3,000 crore through an initial public offering. The Offer for Sale will be Rs 1,000 crore and the fresh issue of Rs 2,000 crore. Major revenues for Acme Solar come from power purchase agreements with central and state government entities, making it a stable investment in India’s growing renewable sector.

While it has not yet declared date of subscription and the price band, market entry of Acme Solar is certainly to be a huge issue of talk. The rise inside renewable energy market in India coupled with the thrust on solar power generation by this company, makes it very viable choice for the investment for the green technology-oriented investor.

3. One Mobikwik Systems Ltd

Mobikwik is preparing to raise Rs 1,900 crore in its initial public offering. The offer includes an OFS component of Rs 400 crores and the balance through a fresh issue of Rs 1,500 crores. Co-founder Bipin Preet Singh and Upasana Taku also co-founded the company, which is also gaining traction in India as well as offering digital financial services, both to consumers and merchants. The platform will also include financial services and lending, which will help in diversifying revenue streams and make the company more prominent in the competitive digital payments space.

SEBI has approved Mobikwik’s IPO; the company reserved 75% of its shares for the institutional buyers, and there is a balance for its retail and other than an institutional investor. The Initial Public Offering has Book Running Lead Managers-IIFL Securities, ICICI Securities, and Jefferies India. Owing to more interest in fintech, and the digital payments solutions that are showing intent to come to India; it will be a substantial offer by Mobikwik through its IPO.

4. Sagility India Ltd

This has raised a few eyebrows to draw focus on companies such as Sagility India Ltd, a health-care technology service provider registered at Bengaluru, whose shares have been listed post this year’s IPO process by itself. Its IPO was different in the sense that it included only the OFS amount of 98.44 crores shares from the promoters-Sagility BV itself whereas no fresh capital had come under its name.
Sagility can be said to focus their healthcare services in line with the market that is seeing rapid digitization. Thus, investors looking to tap technology and healthcare could easily fall in love with the potential of Sagility at any market entry level. Zinka Logistics Solutions Ltd does business as BlackBuck.

5. Zinka Logistics, or BlackBuck

Zinka Logistics, or BlackBuck, will raise a fresh issue of Rs 550 crore along with an OFS of up to 21.61 million equity shares on its online logistics platform. BlackBuck specializes in commercial vehicle financing and transportation services.
Major IPOs will be led by Axis Capital and Morgan Stanley, which makes the platform more attractive for investors. BlackBuck’s IPO presents an opportunity to invest in an industry that is really gaining steam in full-fledged digital transformation, and Indian logistics and transportation will continue growing. In case investors are scouting to ride the e-commerce and logistics boom in India, then the BlackBuck’s IPO would be one of the most promising opportunities.

6. Niva Bupa Health Insurance Company Ltd

Niva Bupa Health Insurance: The standalone health insurance major in India has priced its gross premium at Rs 5,499 crore in FY24. Its fresh offer is pegged at Rs 3,000 cr, with a fresh issue of Rs 800 cr and an OFS of Rs 2,200 cr by Bupa Singapore Holdings and Fettle Tone LLP.
This can be estimated wave in the form of ICICI Securities and Kotak Mahindra Capital, which would bring exciting IPO by Niva Bupa. It is high-value consideration wherein health insurance has become very attractive to retail as well as institutional investors with this strong market and brand position in the company like Niva Bupa.

Why Investors Should Watch These IPOs

Some of the biggest IPOs to come forth in November 2024 are renewable energy, healthcare, digital payments, and logistics. Each is as unique as it has been given a different path regarding growth and holds importance separately in the Indian economy. Gains for investors could thus be as follows:
Diversified Investment Options: This would be an investment opportunity which can emerge through various sectors at the same time; thus, the risk in sector-specific investments is at the minimum.
Green Energy Growth: The IPOs of NTPC Green and Acme Solar come at a time when the renewable energy market of India is on the upswing mainly due to government policies and the fast-growing demand for clean sources of energy across the globe.
Digital Payment Boom: Mobikwik’s IPO would strike a chord with those investors who are optimistic about the fintech revolution unfolding in India, with an upsurge in digitization and growing consumerism for easy payment solutions.
Healthcare business is taking on an important position. Sagility and Niva Bupa deal in kind of businesses that proved, post-pandemic most indispensable.
Logistics, and e-commerce. That means BlackBuck, a logistics player with e-commerce and transportation will directly benefit from growth prospects for e-commerce as well as commercial transportation within the Indian market.

Last words

November 2024, yet another exciting basket of IPOs that has every class of investor going. These companies are part of the important sectors of India’s economy-from renewable energy giants to innovative fintech and healthcare solutions. For investors, this lineup presents a golden opportunity to diversify portfolios and ride the growing tide of demand in these sectors. Again, like any investment, prospective investors should exercise their due diligence and look into factors such as company fundamentals, growth potential, and market conditions before investing.
These IPOs reflect healthy market sentiments but also underpin the very diverse and vast Indian economic landscape that is why November is important for both IPO lovers and market observers.

Disclaimer:

All above recommendations are of the market analysts. Neither the author, nor the brokerage firm, nor Stockstoday.in will be responsible for any loss arising out of any such decision taken based upon this information. All users are cautioned to take their own expert advice prior to making any investment decision.

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