Upcoming IPOs in May 2024

Get ready for a busy month in the Indian primary market! May 2024 promises exciting opportunities for investors with three significant upcoming IPOs in May 2024 scheduled to open for subscription. This blog provides a comprehensive overview of each offering, including key details, company profiles, and tentative listing dates.

1. Indegene Limited (May 6-8, 2024)

• Industry: Life Sciences - Digital Services
• Issue Size: Rs 1,841.76 Crore (Fresh Issue + Offer for Sale)
• Price Band: Rs 430 - Rs 452 per Share
• Listing: BSE & NSE (Tentative Date: May 13, 2024)

Indegene, founded in 1998, caters to the life sciences industry by offering digital solutions across various stages of drug development, clinical trials, regulatory affairs, and marketing. Their services span enterprise solutions, omnichannel activation, medical and clinical solutions, and consultancy services.

2. TBO Tek Limited (May 8-10, 2024)

• Industry: Travel Technology - Distribution Platform
• Issue Size: Fresh Issue + Offer for Sale (Price Band to be announced)
• Listing: BSE & NSE (Tentative Date: May 15, 2024)

Established in 2006, TBO Tek (formerly Tek Travels) operates a travel distribution platform connecting suppliers (hotels, airlines, etc.) with customers (travel agencies, independent consultants, corporate clients). Their platform facilitates travel inventory management, multi-currency transactions, and forex assistance.

3. Aadhar Housing Finance Limited (May 8-10, 2024)

• Industry: Housing Finance - Lower Income Segment
• Issue Size: Rs 3,000 Crore (Fresh Issue + Offer for Sale)
• Price Band: Rs 300 - Rs 315 per Share
• Listing: BSE & NSE (Tentative Date: May 15, 2024)

Incorporated in 2010, Aadhar Housing Finance focuses on providing mortgage loans to individuals in Tier 4 and Tier 5 towns. They offer a variety of loan products for residential and commercial property purchase, construction, and improvement.

Upcoming IPOs in May 2024: investor considerations

As with any IPO, thorough research is crucial before investing. Consider factors like the company's financials, business model, competitive landscape, and future growth prospects. The upcoming blog posts will delve deeper into each company, providing a more detailed analysis to support your IPO investment decisions.

Stay tuned

In the coming days, we will publish dedicated blog posts for each of these IPOs. These posts will offer a more in-depth analysis, including:

• Detailed financial performance of the companies
• Industry trends and growth potential
• Strengths and weaknesses of each company
• Expert opinions and market sentiment

By following this series, you'll be well-equipped to make informed decisions about participating in these upcoming IPOs in May 2024. Remember, the primary market can be dynamic, so staying informed and conducting thorough research is essential for maximising your chances of success.