The IPO market will see an exciting lineup with six companies from various sectors set to make their public debut. These upcoming IPOs, from giants like NTPC Green Energy to digital payments platform Mobikwik, offer a range of investment opportunities for IPO enthusiasts.

Upcoming IPOs to Watch:

NTPC Green Energy Ltd.
NTPC Green Energy, a subsidiary of NTPC Ltd, is India’s largest public sector renewable energy company in terms of production and operating capacity as of June 2024. The IPO, which is expected to raise between Rs 5,000 crore and Rs 6,000 crore, will include a fresh issue and an offer for sale by NTPC Ltd. ICICI Direct Research suggests that the price band may vary between Rs 100 and Rs 120 per share, with plans to list on both the NSE and BSE.

Acme Solar Holdings Ltd.
As one of India’s leading renewable energy companies, Acme Solar Holdings generates revenue through its power agreements with central and state entities. The IPO consists of an issue of Rs 3,000 crore with an offer for sale (OFS) of Rs 1,000 crore and a fresh issue of Rs 2,000 crore. Subscription dates and price range have not yet been announced.

One Mobikwik Systems Ltd
Founded by Bipin Preet Singh and Upasana Taku, Mobikwik is a leading Indian payments platform providing financial services to merchants and consumers. The IPO, valued at Rs 1,900 crore, includes an OFS of Rs 400 crore and a fresh issue of Rs 1,500 crore. Major lead bookrunner managers include IIFL Securities, ICICI Securities and Jefferies India. SEBI has approved the IPO of Mobikwik, where 75% of the shares are allocated to institutional buyers and the rest to retail and non-institutional investors.

Sagility India Ltd
A healthcare-focused technology service provider, Sagility India is based in Bengaluru and founded in 2021. The IPO consists entirely of an OFS of 98.44 crore shares by promoter Sagility BV, which means that No new funds will be raised for the company.

Zinka Logistics Solutions Ltd (BlackBuck)
An online logistics platform, Zinka Logistics specializes in commercial vehicle financing and transportation services. Zinka will come up with a fresh issue worth Rs 550 crore, along with an OFS of up to 21.61 million shares. Leading managers include Axis Capital and Morgan Stanley.

Health Insurance Company Niva Bupa Ltd
With a gross premium of Rs 5,499 crore in FY24, Niva Bupa ranks among India’s leading independent health insurers. The IPO, worth Rs 3,000 crore, includes a fresh issue of Rs 800 crore and an OFS by Bupa Singapore Holdings and Fettle Tone LLP. ICICI Securities and Kotak Mahindra Capital are among the lead managers of this offering.