Top 5 Upcoming IPOs to Check Out

Expectation is high on the Indian stock market since many firms are preparing their IPO for flotation. These IPOs are in diverse industries such as computing, healthcare, textiles, MedTech, housing and construction. Pharmeasy, ESDS Software Solutions Limited, Raghuvir Exim Limited, Sahajanand Medical Technologies Limited and Garuda Construction & Engineering Limited are the companies which are likely to attract the investors. Each business represents India's changing business landscape by bringing to the table specific strengths and opportunities for growth. Let's examine each of the upcoming IPO that shows promise and are expected to cause a stir in the market.

1. Garuda Construction and Engineering

A new issuance and offer for sale will be part of Garuda Construction and Engineering Limited's ₹264.10 crore initial public offering (IPO). There is a minimum lot size of 157 shares, and the price range is ₹92-95 per share. October 8–10, 2024 is when subscriptions open. Allotment is anticipated by October 11 and listing occurs on October 15. The business, which specializes in civil construction for a range of projects, intends to use the money raised for corporate costs and working capital. The Indian construction sector has witnessed substantial expansion, with infrastructure dominating. With 12 active projects, Garuda has ₹1,40,827.44 lakhs in its order book.

2. Sahajanand Medical Technologies Limited

Sahajanand Medical Technologies, a leading player in the production of vascular devices, has paid an IPO application of ₹1,500 crore to SEBI. The details comprise ₹ 1,089.67 crore offer for sale and ₹ 410.33 crore fresh issue of the shares. The firm started in 2001 and now it holds 31% of the market share in India’s drug eluting stents. It is a global operation with a total of three companies dedicated to Research and Development, the firm stocks its products in 69 countries. With a robust product range in interventional cardiology, Sahajanand has 67 patents. 

3. Raghuvir EXIM

Bedsheets and curtains are among the home textiles that Raghuvir EXIM Limited, a "Star Export House" in the textile industry, specializes in. They have been exporting to more than 25 nations for more than 30 years, with a concentration on the USA, Canada, UK, and Israel, as well as Australia. With the proceeds from the IPO, the firm hopes to expand its manufacturing capacity by constructing two additional stitching plants in Ahmedabad. Revenue, PAT, and EBITDA all indicate steady rise in their financial statements. Their development aspirations are supported by the stability of the global economy and India's leading position in the textile sector.

4. ESDS Software Solution Ltd

ESDS Software Solutions Limited is planning to launch an IPO, new issue of ₹322 crore and an offer for sale. The firm operates as a full-service cloud solutions provider for business and offers several cloud solutions. They offer revolving public, private, and hybrid cloud coupled with other solutions. Purchasing data canter equipment and other organizational needs are the goals of the IPO. Growing cloud computing demand and IT adoption are beneficial to ESDS, particularly in the wake of COVID-19. 

5. PharmEasy

ESDS Software Solutions Limited is planning for an IPO with fresh issue of ₹322 crore and an offer for sale. The firm has advertised itself as a ‘Cloud solutions provider’ and offers virtually all possible cloud services. Some of the deployment models that they offer include: public cloud services subtypes private cloud, cloud archetypes hybrid cloud, and many others within that category.  Purchasing data centre equipment and other organizational needs are the goals of the IPO. Growing cloud computing demand and IT adoption are beneficial to ESDS, particularly in the wake of COVID-19.

Conclusion

Garuda Construction (₹264.10 crore), Sahajanand Medical Technologies (₹1,500 crore), Raghuvir EXIM (textile growth), ESDS Software Solutions (cloud services), and PharmEasy (₹6,250 crore for digital healthcare) are the five distinct Indian firms getting ready for initial public offerings (IPOs). You can apply for these from your investment app also. The cloud computing, healthcare, medical device, textile, and construction industries are all represented in these IPOs for better results.