The calendar year of 2024 is a bountiful year on D Street as far as IPOs are concerned. Till the end of October, more than Rs 1.22 lakh crore has been raised, which has comfortably sailed past the record of Rs 1.18 lakh crore set in 2021 with 2 full months to spare.
However, November will be a dull month especially when compared against the bumper month of October, when as much as Rs 38,700 crore were raised. November will have only 4 mainboard IPOs – Sagility India, Swiggy, ACME Solar Holdings and Niva Bupa Health Insurance – raising to raise a total amount of Rs 19,334 crore. Besides these 4, 2 SME IPOs – Neelam Linens and Garments and Rosmerta Digital Services – will raise a total of Rs 219.33 crore. Let’s have a look at the price, allotment, GMP of these upcoming IPOs.
Upcoming IPOs in November 2024
Sagility India IPO
Sagility India IPO will open for bidding on Tuesday, November 5 and will remain open till November 7. Sagility India IPO shares have been priced at Rs 28-30 a piece to raise a total of Rs 2,106.60 crore. The minimum lot is 500 shares costing Rs 15,000. The GMP is Rs 3 on November 3 that indicated a listing gain of 10$, according to investorgain.
Swiggy IPO
Bidding will start for Swiggy IPO from November 6 and will close on November 8. Swiggy IPO intends to raise Rs 11,327.43 crore and each share has been priced at Rs 371-390. The minimum lot size of Swiggy IPO is 38 shares costing Rs 14,820. The GMP of Swiggy IPO on November 3 was Rs 22, indicating a listing gain of 5.64%. The allotment for Swiggy IPO will be decided on November 11 and listing in on November 13.
ACME Solar Holdings IPO
ACME Solar Holdings IPO has been designed to raise Rs 2,900.00 crores. Bidding for ACME Solar Holdings IPO will commence on November 6 and end on November 8, 2024. Allotment for the ACME Solar Holdings IPO will be decided on November 11 and listing is one November 13.
A share of ACME Solar Holdings has been priced at Rs 275-289 per share. The minimum lot size is 51 shares that cost Rs 14,739. The GMP of ACME Solar Holdings is Rs 30, indicating a listing gain of 10.38%.
Niva Bupa Health Insurance IPO
Niva Bupa Health Insurance IPO will raise Rs 2,200.00 crores but its price band is yet to be announced. Bidding will remain open between November 7 and 11, 2024.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
IPOs in November 2024: After a super busy October, the month of November will see only 6 IPOs – 4 mainboard and 2 SMEs – though Swiggy IPO will be of the high-profile brands trying to vie for the attention of investors. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
