IPOs to look forward for in January 2024

January is shaping up

While the exact dates havent been officially announced yet, January 2024 is shaping up to be an exciting month for IPOs, especially in India. Here are some of the most anticipated listings to keep an eye on

Ola Electric

The electric vehicle startup, backed by SoftBank and other major investors, is aiming for a January or February IPO. They plan to raise around $400 million to fund their ambitious expansion plans, including setting up their first factory in Tamil Nadu.

Swiggy

The food delivery giant, a major rival to Zomato, has recently hired investment bankers and is gearing up for an IPO sometime in 2024. The exact timeline is still unclear, but January could be a possibility.

FirstCry

The Pune-based online platform for baby and maternity products is reportedly aiming for an IPO after the 2024 Lok Sabha elections. They hope to raise around $500-600 million through the issue.

Other potential January IPOs

PayU, Awfis, Garuda Aerospace, are some of the IPOs that you can look for. The drone company aiming for a mid-2024 listing, but with the growing interest in drone technology, a January launch could be a possibility.

Predictions

Its important to note that these are just predictions, and the actual IPO dates could change. However, with such a strong lineup of companies, January 2024 is definitely shaping up to be a busy month for Indian IPOs.