Swiggy To Hyundai Motors India: Biggest IPOs to Hit Market in 2024

By: Komal Das

Swiggy

Swiggy, is one of India’s leading food delivery platforms, is set to enter the stock market soon. Swiggy has  updated UDRHP with SEBI yesterday. 

Swiggy

Swiggy public offering has grabbed the attention of investors as it may be one of the biggest offerings in 2024.

Hyundai Motors India

Hyundai Motors India is preparing for be the largest IPO in Indian history. The company has received approval from the Securities and Exchange Board of India (Sebi) and is expected to launch its public offering by October 2024.

Hyundai Motors India 

Hyundai aims to raise approximately $3 billion (around Rs 25,000 crore) through an offer-for-sale (OFS), where the parent company, Hyundai Motor Company, will sell a portion of its shares to the public.

Ather Energy

Ather Energy is another much-anticipated IPO expected before the end of 2024. Ather plan to raise Rs 3,100 crore through a fresh issue, along with an offer-for-sale, allowing early investors like Tiger Global and GIC to partially exit.

Ather Energy 

Following the success of rival Ola Electric’s IPO, Ather’s public offering is generating buzz in the electric vehicle sector, as the company seeks to strengthen its position in India’s growing EV market.

NTPC Green Energy

NTPC Green Energy, a subsidiary of the state-owned NTPC, is gearing up for its IPO in early November 2024.

NTPC Green Energy

The renewable energy company plans to raise Rs 10,000 crore through a mix of fresh issues and an offer-for-sale.

HDB Financial Services

HDB Financial Services, a non-banking financial arm of HDFC Bank, is expected to go public by December 2024 or early 2025. The IPO will include a fresh issue worth Rs 2,500 crore and an offer-for-sale from existing shareholders.

HDB Financial Services

Valued between $7 billion and $8 billion, the offering aims to unlock value for shareholders of HDFC Bank, which holds a 94.64 per cent stake in HDB Financial Services.