Upcoming IPOs in MAY

As the new year approaches, the Indian stock market is gearing up for a bustling IPO season. The Securities and Exchange Board of India (SEBI) has received numerous Draft Red Herring Prospectus (DRHP) filings from various organizations, signaling a wave of new public issues in 2024.

Anticipated IPO Launches in MAY 2024

Investor demand for IPOs has been exceptionally strong in recent years, and this trend is expected to continue into the new year. Total IPO collections this year have already surpassed the Rs 100 lakh crore mark, suggesting robust investor participation in the upcoming IPOs.

IPOs Scheduled for MAY 2024

Several companies are set to go public in the first few months of 2024. Here is a list of some notable IPOs to watch:

• Rulka Electricals Limited
  • Open Date: 16 May 2024
  • Close Date: 21 May 2024
  • Issue Price: Rs 223 to Rs 235
  • Issue Size: Rs 26.40 crores
• HOAC Foods India Limited
  • Open Date: 16 May 2024
  • Close Date: 21 May 2024
  • Issue Price: Rs 48
  • Issue Size: Rs 5.54 crores
• Quest Laboratories Limited
  • Open Date: 15 May 2024
  • Close Date: 17 May 2024
  • Issue Price: Rs 93 to 97
  • Issue Size: Rs 43.16 crores
• Go Digit General Insurance Limited
  • Open Date: 15 May 2024
  • Close Date: 17 May 2024
  • Issue Price: Rs 258 to 272
  • Issue Size: Rs 2614.65 crores
• Indian Emulsifier Limited
  • Open Date: 13 May 2024
  • Close Date: 16 May 2024
  • Issue Price: Rs 125 to 132
  • Issue Size: Rs 42.39 crores
• Mandeep Auto Industries Limited
  • Open Date: 13 May 2024
  • Close Date: 15 May 2024
  • Issue Price: Rs 67
  • Issue Size: Rs 25.25 crores
• Veritaas Advertising Limited
  • Open Date: 13 May 2024
  • Close Date: 15 May 2024
  • Issue Price: Rs 109 to 114
  • Issue Size: Rs 8.48 crores
• ABS Marine Services Limited
  • Open Date: 10 May 2024
  • Close Date: 15 May 2024
  • Issue Price: Rs 140 to 147
  • Issue Size: Rs 96.29 crores
• Premier Roadlines Limited
  • Open Date: 10 May 2024
  • Close Date: 14 May 2024
  • Issue Price: Rs 63 to 67
  • Issue Size: Rs 40.36 crores
• Aztec Fluids & Machinery Limited
  • Open Date: 10 May 2024
  • Close Date: 14 May 2024
  • Issue Price: Rs 67
  • Issue Size: Rs 24.12 crores
• Piotex Industries Limited
  • Open Date: 10 May 2024
  • Close Date: 14 May 2024
  • Issue Price: Rs 94
  • Issue Size: Rs 14.47 crores
• Energy-Mission Machineries (India) Limited
  • Open Date: 09 May 2024
  • Close Date: 13 May 2024
  • Issue Price: Rs 131 to 138
  • Issue Size: Rs 41.15 crores
• TBO Tek Limited
  • Open Date: 08 May 2024
  • Close Date: 10 May 2024
  • Issue Price: Rs 875 to 920
  • Issue Size: Rs 1550.81 crores
• Aadhar Housing Finance Limited
  • Open Date: 08 May 2024
  • Close Date: 10 May 2024
  • Issue Price: Rs 300 to 315
  • Issue Size: Rs 3000 crores
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Investors are eagerly awaiting these opportunities, anticipating significant gains as new companies enter the market. With such a promising start to the year, 2024 could see substantial growth and dynamic activity in the Indian stock market.