Upcoming IPOs in January 2024

The beginning of 2024 promises an exciting lineup of Initial Public Offerings (IPOs), featuring prominent companies across various sectors. Investors keen on exploring new opportunities and diversifying their portfolios have several key dates to mark in their calendars. Let's delve into the details of the upcoming IPO scheduled for January 2024.

About IPO

As the name implies, an IPO, or Initial Public Offering, is when a company's shares are initially made available to the public for purchase. It is the process by which a privately owned firm becomes a public corporation.

There are two sorts of IPOs: fixed-price offerings and book-built offerings. In a fixed-price offering, the share price is predetermined by the firm, but in a book-built offering, the share price varies depending on the bids submitted by investors.

Upcoming IPOs of January 2024:

Jyoti CNC Automation IPO:

Opening Date: January 9, 2024

Closing Date: January 11, 2024

Listing Date: January 16, 2024

The Jyoti CNC Automation IPO is a book-built issue of Rs 1,000.00 crores, consisting of 3.02 crore shares. Bidding began on January 9, 2024, and ended on January 11, 2024. The allotment was finalised on January 12, 2024. The IPO will be listed on the BSE and NSE on January 16, 2024. The price band is ?315 to ?331 per share, with a minimum lot size of 45 shares. Retail investors require a minimum investment of ?14,895.

Medi Assist Healthcare Services IPO:

Opening Date: January 15, 2024

Closing Date: January 17, 2024

Listing Date: January 22, 2024

The Medi Assist Healthcare IPO is a book-built issue of Rs 1,171.58 crores, offering 2.8 crore shares for sale. The IPO will open for subscription on January 15, 2024, and close on January 17, 2024. The allotment is expected to be finalized on January 18, 2024. The IPO will list on the BSE and NSE with a tentative listing date of January 22, 2024. The price band is ?397 to ?418 per share, with a minimum lot size of 35 shares. Retail investors require a minimum investment of ?14,630.

Epack Durable IPO:

Opening Date: January 19, 2024

Closing Date: January 23, 2024

Listing Date: January 29, 2024

EPACK Durable IPO is a book-built issue with a fresh Rs 400.00 crore issue and an offer for sale of 1.31 crore shares. It opens for subscription on January 19, 2024, closes on January 23, 2024, and is expected to be finalised on January 24, 2024. The IPO will list on BSE and NSE, with a tentative listing date of January 29, 2024.

Nova Agritech IPO:

Opening Date: January 22, 2024

Closing Date: January 24, 2024

Listing Date: January 30, 2024

The Nova AgriTech IPO is a book-built issue with a fresh issue of Rs 112.00 crore and an offer for sale of 0.78 crore shares. It will open for subscription on January 22, 2024, close on January 24, 2024, and finalize allotment on January 25, 2024. The IPO will list on BSE and NSE, with a tentative listing date of January 30, 2024.

Considerations for Investors

Here are some considerations that every IPO investor should understand:

Research and Due Diligence

Before diving in, thorough research on each company's financials, business model, and market trends is crucial.

Risk Assessment

Assess the risk associated with each IPO, considering factors such as market conditions and industry trends.

Long-Term Viability

Evaluate the long-term viability of the companies going public. Look for sustainable business models and growth potential.

Market Conditions

Stay informed about the overall market conditions, as they can significantly impact the performance of IPOs.

How to Apply for the IPO

Now that you have a better understanding of the concept of IPOs, let us look at the processes of buying an IPO.

Choosing the Right IPO

• Choosing the correct IPO is the first and most important stage. Keep in mind that not all initial public offerings are good. Think carefully before investing in an IPO. Your selection is influenced by two key reasons: personal and corporate influences.
• Personal factors: Be extremely clear about your investing criteria. Determine your investing capabilities and risk tolerance. Before investing in an initial public offering, think about your long-term financial goals.
• Company Factors - Collect information regarding the IPO starting firm. Read their prospectus attentively. Consider how well the firm has previously done and what their expansion goals are.

Conclusion

The beginning of 2024 brings an array of IPO opportunities for investors looking to capitalise on emerging trends and sectors. Whether it's automation, healthcare services, durable goods, or agriculture technology, IPO of companies belonging to each sector presents a unique investment proposition. However, investors must exercise caution, conduct thorough research, and consider their risk tolerance before participating in any IPO through the stock trading app. As these companies make their debut on the stock market, diligent investors can position themselves for potential long-term gains.

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