In October 2024, several companies from sectors including hospitality, packaging, chemicals, electronics, and renewable energy are set to launch IPOs. These offerings aim to attract investors interested in expanding areas like clean energy, consumer services, and advanced industrial solutions.
Upcoming IPO In October 2024
Here’s a table showcasing the stocks with the Upcoming IPO in October 2024:
| Issuer Company | IPO Date | Exchange | Issue Size (Rs Cr.) | Issue Price (Rs) |
| Afcons Infrastructure Limited IPO | Oct 25 – Oct 29, 2024 | BSE, NSE | 5430 | ₹440.00 to ₹463.00 |
| Usha Financial Services Limited IPO | Oct 24 – Oct 28, 2024 | NSE SME | 98.45 | ₹160.00 to ₹168.00 |
| Godavari Biorefineries Limited IPO | Oct 23 – Oct 25, 2024 | BSE, NSE | 554.75 | ₹334.00 to ₹352.00 |
| Danish Power Limited IPO | Oct 22 – Oct 24, 2024 | NSE SME | 197.9 | ₹360.00 to ₹380.00 |
| United Heat Transfer Limited IPO | Oct 22 – Oct 24, 2024 | NSE SME | 30 | ₹56.00 to ₹59.00 |
| OBSC Perfection Limited IPO | Oct 22 – Oct 24, 2024 | NSE SME | 66.02 | ₹95.00 to ₹100.00 |
| Waaree Energies Limited IPO | Oct 21 – Oct 23, 2024 | BSE, NSE | 4321.44 | ₹1503 |
| Deepak Builders & Engineers India Limited IPO | Oct 21 – Oct 23, 2024 | BSE, NSE | 260.04 | ₹203 |
| Premium Plast Limited IPO | Oct 21 – Oct 23, 2024 | NSE SME | 26.2 | ₹49 |
| Freshara Agro Exports Limited IPO | Oct 17 – Oct 21, 2024 | NSE SME | 75.39 | ₹116 |
| Lakshya Powertech Limited IPO | Oct 16 – Oct 18, 2024 | NSE SME | 49.91 | ₹180 |
| Hyundai Motor India Limited IPO | Oct 15 – Oct 17, 2024 | BSE, NSE | 27870.16 | ₹1960 |
| Pranik Logistics Limited IPO | Oct 10 – Oct 14, 2024 | NSE SME | 22.47 | ₹77 |
| Garuda Construction and Engineering Limited IPO | Oct 08 – Oct 10, 2024 | BSE, NSE | 264.1 | ₹95 |
| Shiv Texchem Limited IPO | Oct 08 – Oct 10, 2024 | BSE SME | 101.35 | ₹166 |
| Khyati Global Ventures Limited IPO | Oct 04- Oct 08, 2024 | BSE SME | 26.22 | ₹ 99.00 |
| NeoPolitan Pizza and Foods Limited IPO | Sep 30 – Oct 04 , 2024 | BSE SME | 12 | ₹ 20.00 |
| Paramount Dye Tec Limited IPO | Sep 30 – Oct 04 , 2024 | NSE SME | 28.43 | ₹111.00 to ₹117.00 |
| Subam Papers Limited IPO | Sep 30 – Oct 04 , 2024 | BSE SME | 93.7 | ₹144.00 to ₹152.00 |
| Saj Hotels Limited IPO | Sep 27 – Oct 01 , 2024 | NSE SME | 27.63 | ₹ 65.00 |
| HVAX Technologies Limited IPO | Sep 27 – Oct 01 , 2024 | NSE SME | 33.53 | ₹435.00 to ₹458.00 |
For more details on these upcoming IPOs & To view current IPO listings, visit our IPO Page!
Introduction Of Upcoming IPOs in October 2024
Godavari Biorefineries Limited IPO
Godavari Biorefineries Limited, incorporated in 1956, is a leading manufacturer of ethanol-based chemicals and the world’s largest producer of MPO. Its product range includes bio-based chemicals, sugar, ethanol, and power, serving industries like food, pharmaceuticals, and cosmetics across over 20 countries.
Key Dates:
- Open Date: Oct 23, 2024
- Close Date: Oct 25, 2024
- Allotment Date: Oct 28, 2024
- Listing Date: Oct 30, 2024
Danish Power Limited IPO
Danish Power Limited, founded in July 1985, manufactures transformers for renewable energy projects like solar and wind farms. Their product range includes inverter duty, power, and distribution transformers, control relay panels, and substation automation services. The company operates two certified manufacturing plants in Jaipur, serving major clients across India.
Key Dates:
- Open Date: Oct 22, 2024
- Close Date: Oct 24, 2024
- Allotment Date: Oct 25, 2024
- Listing Date: Oct 29, 2024
United Heat Transfer Limited IPO
United Heat Transfers Limited, incorporated in January 1995, manufactures heat exchangers, pressure vessels, and process flow skids for industries like automotive, maritime, and heavy machinery. With two modern manufacturing units in Nashik and a skilled workforce, the company serves a diverse global customer base, ensuring quality and efficiency.
Key Dates:
- Open Date: Oct 22, 2024
- Close Date: Oct 24, 2024
- Allotment Date: Oct 25, 2024
- Listing Date: Oct 29, 2024
OBSC Perfection Limited IPO
OBSC Perfection Limited, established in 2017, manufactures precision metal components for industries such as automotive, defense, marine, and telecom. With a portfolio of 24 products, the company serves OEMs through four manufacturing facilities in Pune and Chennai, supplying parts like shafts, piston rods, and fasteners.
Key Dates:
- Open Date: Oct 22, 2024
- Close Date: Oct 24, 2024
- Allotment Date: Oct 25, 2024
- Listing Date: Oct 29, 2024
Waaree Energies Limited IPO
Waaree Energies Limited, incorporated in December 1990, is an Indian manufacturer of solar PV modules with an installed capacity of 12 GW. The company’s product range includes multicrystalline, monocrystalline, and TopCon modules. Waaree operates four facilities in Gujarat and serves both domestic and international customers in the solar energy sector.
Key Dates:
- Open Date: Oct 21, 2024
- Close Date: Oct 23, 2024
- Allotment Date: Oct 24, 2024
- Listing Date: Oct 28, 2024
Deepak Builders & Engineers India Limited IPO
Deepak Builders & Engineers India Limited, incorporated in September 2017, specializes in constructing administrative, institutional, and industrial buildings, hospitals, and infrastructure projects. The company has completed projects across four Indian states and two Union Territories, managing 12 ongoing projects, including EPC and infrastructure developments in railways, roads, and hospitals.
Key Dates:
- Open Date: Oct 21, 2024
- Close Date: Oct 23, 2024
- Allotment Date: Oct 24, 2024
- Listing Date: Oct 28, 2024
Premium Plast Limited IPO
Premium Plast Limited, founded in 1995, designs, manufactures, and supplies plastic parts for commercial vehicles and various industries. Specializing in automotive components, the company produces over 600 parts across three manufacturing facilities in India, with a total installed capacity of 1,975 MTPA, located in Pithampur and Vasai.
Key Dates:
- Open Date: Oct 21, 2024
- Close Date: Oct 23, 2024
- Allotment Date: Oct 24, 2024
- Listing Date: Oct 28, 2024
Freshara Agro Exports Limited IPO
Freshara Agro Exports Limited, established in 2015, procures, processes, and exports preserved gherkins and pickled goods. Operating under contract farming, it sources from Tamil Nadu, Karnataka, and Andhra Pradesh. The company exports 70% of its produce for processing and supplies 30% to international food brokers, packaging in industrial, food, and retail categories.
Key Dates:
- Open Date: Oct 17, 2024
- Close Date: Oct 21, 2024
- Allotment Date: Oct 22, 2024
- Listing Date: Oct 24, 2024
Lakshya Powertech Limited IPO
Lakshya Powertech Limited, established in 2012, began as an engineering consultancy specializing in mechanical and electrical services. It expanded into operations and maintenance for gas-fired power plants and diversified into the oil and gas sector, executing over 138 projects valued at approximately Rs. 13,690.68 lakhs.
Key Dates:
- Open Date: Oct 16, 2024
- Close Date: Oct 18, 2024
- Allotment Date: Oct 21, 2024
- Listing Date: Oct 23, 2024
Hyundai Motor India Limited IPO
Hyundai Motor India Limited, incorporated in May 1996, is part of the Hyundai Motor Group, the world’s third-largest auto OEM by passenger vehicle sales. The company manufactures reliable, innovative four-wheeler vehicles and parts, operating 1,366 sales points and 1,550 service points across India, with nearly 12 million vehicles sold as of March 31, 2024.
Key Dates:
- Open Date: Oct 15, 2024
- Close Date: Oct 17, 2024
- Allotment Date: Oct 18, 2024
- Listing Date: Oct 22, 2024
Pranik Logistics Limited IPO
Pranik Logistics Limited, founded in 2015, provides integrated logistics solutions across India, operating as a freight forwarder and transporter. The company offers transportation, warehousing, material handling, and freight forwarding services to various industries. With a fleet of 86 commercial vehicles and 30 managed warehouses, Pranik emphasizes quality and customer relationships, employing 625 staff as of September 30, 2024.
Key Dates:
- Open Date: Oct 10, 2024
- Close Date: Oct 14, 2024
- Allotment Date: Oct 15, 2024
- Listing Date: Oct 17, 2024
Garuda Construction and Engineering Limited IPO
Garuda Construction and Engineering Limited, founded in 2010, specializes in comprehensive construction services for residential, commercial, infrastructure, and industrial projects. The company also offers operation and maintenance (O&M), mechanical, electrical, and plumbing (MEP) services, along with finishing works, enhancing its capabilities in the construction and hospitality sectors.
Key Dates:
- Open Date: Oct 08, 2024
- Close Date: Oct 10, 2024
- Allotment Date: Oct 11, 2024
- Listing Date: Oct 15, 2024
Shiv Texchem Limited IPO
Shiv Texchem Limited, established in 2005, imports and distributes hydrocarbon-based secondary and tertiary chemicals essential for various industries, including paints, agrochemicals, and pharmaceuticals. Sourcing from international suppliers, the company has expanded its product portfolio from 21 to 39 chemicals and grown its customer base from over 400 to 650 in just three years.
Key Dates:
- Open Date: Oct 08, 2024
- Close Date: Oct 10, 2024
- Allotment Date: Oct 11, 2024
- Listing Date: Oct 15, 2024
Khyati Global Ventures Limited
Khyati Global Ventures Limited specializes in real estate development, focusing on residential, commercial, and mixed-use properties. The company is committed to delivering high-quality projects that blend modern infrastructure with customer-centric amenities, aiming to enhance community living standards. Their projects emphasize innovative designs, sustainable practices, and timely completion for customer satisfaction.
Key Dates:
- Open Date: October 04, 2024
- Close Date: October 08, 2024
- Allotment Date: October 09, 2024
- Listing Date: October 11, 2024
NeoPolitan Pizza and Foods Limited IPO
Neopolitan Pizza And Foods Limited operates in the restaurant sector and agricultural commodity trading. It owns and franchises Neopolitan-style pizza restaurants and trades agricultural products like wheat and onions. The company has expanded internationally with a subsidiary in the USA and is led by experienced promoters Mukund and Arti Purohit, enhancing its market presence with their expertise.
Key Dates:
- Open Date: September 30, 2024
- Close Date: October 04, 2024
- Allotment Date: October 07, 2024
- Listing Date: October 09, 2024
Paramount Dye Tec Limited IPO
Paramount Dye Tec Limited (PDTL), based in Ludhiana, Punjab, specializes in manufacturing yarns by recycling synthetic fiber waste for the textile industry’s B2B segment. They offer a variety of yarns, including acrylic, polyester, nylon, wool, hand-knitting, and acrylic blend yarns. PDTL’s process promotes sustainability and economic efficiency, showcasing their dedication to environmental responsibility through innovative practices.
Key Dates:
- Open Date: September 27, 2024
- Close Date: October 01, 2024
- Allotment Date: October 04, 2024
- Listing Date: October 08, 2024
Subam Papers Limited IPO
Subam Papers Limited, established in 2004, specializes in Kraft Paper and Paper Products as a packaging solutions provider. Unlike traditional methods, they use waste paper, not wood pulp, emphasizing recycling and environmental preservation. Subam powers its operations with renewable energy, owning two 850 KW windmills and a 14 MW solar plant, reinforcing its commitment to sustainability.
Key Dates:
- Open Date: September 27, 2024
- Close Date: October 01, 2024
- Allotment Date: October 04, 2024
- Listing Date: October 08, 2024
HVAX Technologies Limited IPO
HVAX Technologies Limited specializes in turnkey projects and consultancy for pharma and healthcare sectors, focusing on cleanrooms and controlled environment infrastructure. Since its inception, it has completed 200 projects across 15 countries including UAE, Kenya, and New Zealand. As of August 01, 2024, it boasts a robust order book of ₹153.64 crores confirmed by purchase orders.
Key Dates:
- Open Date: September 27, 2024
- Close Date: October 01, 2024
- Allotment Date: October 03, 2024
- Listing Date: October 07, 2024
Saj Hotels Limited
Saj Hotels Limited, established in February 1981, operates in the hospitality industry, offering resort accommodations, villa rentals, and dining options. With three resort properties, the company hosts events like conferences and weddings. It also holds a 50% investment in My Own Rooms Dot In Private Limited, diversifying its portfolio.
Key Dates:
- Open Date: September 27, 2024
- Close Date: October 01, 2024
- Allotment Date: October 03, 2024
- Listing Date: October 07, 2024
Other Upcoming IPO List in 2024
Here’s a table showcasing the stocks with the Upcoming IPO in 2024:
| Company Name | Bid start | Price Range |
| Afcons Infrastructure | Oct 25, 2024 | ₹440.00 to ₹463.00 |
| Usha Financial Services Limited IPO | Oct 24, 2024 | ₹160.00 to ₹168.00 |
Upcoming IPO in October 2024 – FAQs
An IPO (Initial Public Offering) is when a company offers its shares to the public to raise capital. Initially issued in the primary market, these shares are subsequently traded in the secondary market, allowing public trading.
Fixed Price Offering: Shares are sold at a set price determined by the company.
Book Building Offering: A price range is set, and investors bid within this range to purchase shares.
Investing in an IPO is streamlined through Alice Blue with these steps:
Step 1: Open a free Demat account with Alice Blue in just 15 minutes. Log in if you already have an account.
Step 2: Select the desired IPO and place your bid.
Step 3: Post-bid, funds are blocked in your bank account until the allotment date. Funds are debited if shares are allotted, or unblocked if not.
The IPO price is set by evaluating the company’s value with help from an investment bank, then dividing this by the number of shares issued to determine a per-share price.
No, a Demat account is required as per SEBI regulations to apply for an IPO.
IPOs can be lucrative for short or long-term investment if the company has solid financials and its shares are in high demand. Due diligence is advised before investing.
Steps to apply for an IPO through Alice Blue:
Step 1: Log into Alice Blue Rise platform.
Step 2: Select an IPO from the Live IPOs list.
Step 3: Enter your UPI ID linked to your bank.
Step 4: Read the declaration and submit.
Apply through one of these methods:
1. Broker Online: Open an Alice Blue Demat account, choose an IPO, place your bid via UPI. Approve the bank mandate request to submit your application.
2. Broker Offline: Contact your broker like Alice Blue to complete and submit the IPO application form.
3. ASBA Online: Apply via your bank’s ASBA service by logging into your account, entering required details like your Demat and PAN numbers, along with your bid, and then submit the application.
