Upcoming IPOs: Investors looking to explore fresh opportunities in the stock market are in for some exciting times as several major IPOs are set to launch around Diwali. Three big names – Hyundai Motor India, Swiggy, and NTPC Green Energy – are preparing to open their initial public offerings (IPOs), with a combined value exceeding ₹50,000 crore. These offerings are expected to roll out in late October or early November, offering investors a chance to tap into these highly anticipated IPOs.
Hyundai Motor India IPO: Biggest in India’s Auto Sector
One of the most significant IPOs expected to hit the market is Hyundai Motor India’s. The Indian arm of South Korea’s Hyundai Motor is aiming to raise more than ₹25,000 crore through its IPO, making it one of the largest offerings in Indian history. This will be the first time in two decades that a major vehicle manufacturer is entering the Indian stock market after Maruti Suzuki’s IPO in 2003.
Hyundai Motor India has received approval from SEBI, India’s securities market regulator, to proceed with its IPO. The company plans to offer 142,194,700 shares through an Offer for Sale (OFS) by its parent company, Hyundai Motor Company. Hyundai has been a significant player in the Indian automobile market since 1996 and currently offers a wide range of 13 models across different segments. This IPO presents a rare opportunity for investors to own a stake in a major automobile company with a strong presence in India.
Swiggy IPO: India’s Leading Food Delivery Service Prepares for Stock Market Entry
Swiggy, India’s popular food and grocery delivery platform, is also gearing up for its much-anticipated IPO. According to reports, Swiggy is expected to open its offering in late October or early November, with a total value of approximately ₹11,600 crore. The company has already received SEBI’s approval to proceed and will soon be taking steps toward the final public filing.
This will be a major IPO in the food tech space, with Swiggy aiming to capitalize on its strong market position. Swiggy has been a leader in India’s food delivery segment and has expanded into grocery deliveries through its Instamart service. The IPO will help the company further its growth and expand its services to more cities across India.
NTPC Green Energy IPO: Renewable Energy Investments Set to Rise
NTPC Green Energy, the renewable energy subsidiary of India’s state-owned power giant NTPC, is preparing to raise ₹10,000 crore through its IPO. The company has already filed preliminary documents with SEBI and is expected to hit the market soon. NTPC Green Energy’s IPO will involve the sale of fresh equity shares with no Offer for Sale component.
Of the ₹10,000 crore being raised, around ₹7,500 crore will be used to repay debts of its subsidiary NTPC Renewable Energy Limited (NREL). The remaining amount will be used for general corporate purposes. NTPC Green Energy is part of NTPC’s push toward green and renewable energy, making this IPO an attractive option for investors looking to enter the growing renewable energy sector in India.
With IPOs from Hyundai Motor, Swiggy, and NTPC Green Energy all lined up, investors have a golden opportunity to invest in diverse sectors such as automobiles, food delivery, and renewable energy. These IPOs, collectively worth more than ₹50,000 crore, are expected to generate strong market interest. Keep an eye out for these offerings and be ready to invest when they hit the market around Diwali.
