May 2024 brings a wave of Initial Public Offerings (IPOs), promising investment opportunities across various sectors. An Initial Public Offering, or IPO, is a way for private companies to raise capital by offering shares to the public for the first time, marking their entry into the stock market. IPO activity not only provides companies with the necessary funds to grow but also offers investors the chance to own a stake in businesses from their inception.
Among the most anticipated IPOs scheduled for May are those of Energy-Mission Machineries (India) Limited, TBO Tek Limited, Aadhar Housing Finance Limited, TGIF Agribusiness Limited, ABS Marine Services Limited, Premier Roadlines Limited, Aztec Fluids & Machinery Limited and Piotex Industries Limited.
List of May, 2024 IPOs:
Energy-Mission Machineries (India) Limited started the IPO season with its offering opening on 9 May, 2024 and closing on 13 May, 2024. The company, which manufactures equipment for the renewable energy sector, garnered significant investor interest with its issue price range between ₹131 to ₹138.
TBO Tek Limited, a provider of cloud-based software solutions for the travel and hospitality industry, also gained investor attention as its IPO opened on 8 May, 2024 and closed on 10 May, 2024, with an issue price range of ₹875 to ₹920.
Aadhar Housing Finance Limited, specializing in housing finance solutions for affordable housing segments, and TGIF Agribusiness Limited, engaged in the production and processing of fruits and vegetables, commenced their IPOs on 8 May, 2024 and closed on 10 May, 2024, with issue price ranges of ₹300 to ₹315 and ₹93, respectively.
ABS Marine Services Limited, offering marine engineering services across industries, and Premier Roadlines Limited, a leading logistics company focusing on road transportation, opened their IPOs on 10 May, 2024, with closing dates set for 15 May and 14 May, 2024, respectively.
Aztec Fluids & Machinery Limited, engaged in the manufacturing and distribution of industrial lubricants, and Piotex Industries Limited, manufacturing knitted fabrics for garments, also joined the IPO rush on 10 May, 2024, with their offerings closing on 14 May, 2024.
Additionally, the coming weeks will see the opening of several new public issues, including Go Digit General Insurance IPO, Veritaas Advertising IPO, Mandeep Auto Industries IPO, Indian Emulsifier IPO, Quest Laboratories IPO and Rulka Electricals IPO, among others.
