2024 IPO Watch: Companies Set to Make Waves in the Stock Market

Initial Public Offerings

IPO Investments provides investors with attractive investment opportunities . Nowadays, domestic investors are eagerly looking forward to investing in IPOs.

Initial Public Offering is a process through which a company goes public to raise capital for its growth and also provides a chance for the retail general public to hold shares of emerging companies.

By being updated on the future IPOs, investors can conduct in-depth research on the company and also invest on these companies that are upcoming IPO in 2024 which would help investors to make sufficient returns when the company emerges or expands. Enrich Money offers complete in-depth research on the upcoming IPO this week. These future IPO list would raise the share demand of companies upcoming IPO 2024, therefore strengthening its market position.

New IPO Listing

These upcoming IPO 2024 lists will offer a chance for the investors to become a shareholder of the company which will be growing. Domestic investors like individual investors, institutional investors, High net worth individuals, IPO company’s employee and retail investors can utilize and participate in the upcoming IPO 2024.

List of Upcoming IPO 2024 in the Indian Stock Market

IPO Opening Today (15.03.2024) are KP Green Engineering Limited, Enfuse Solutions Limited and Enser Communications Limited.
IPO closing Today (15.03.2024) is AVP Infracon Limited.
Upcoming IPO 2024 in March are Chatha Foods Limited and Vishwas Agri Seeds Limited.

Issuer	Opening Date	Closing Date	Listing Date	Issue Price in INR	Issue Size in INR Crores	Lot Size	Type of IPO	Exchange
AVP Infracon Limited	March 13, 2024 (Wednesday)	March 15, 2024 (Friday)	March 20, 2024 (Wednesday)	Rs. 71 to Rs. 75	Rs. 52.34 crores	1600 shares	NSE SME	NSE
Krystal Integrated Services Limited	March 14, 2024 (Thursday)	March 18, 2024 (Monday)	March 21, 2024 (Thursday)	Rs. 680.00 to Rs. 715.00	Rs. 300.13 crores	20 shares	BSE & NSE Mainboard	BSE & NSE
KP Green Engineering Limited	March 15, 2024 (Friday)	March 19, 2024 (Tuesday)	March 22, 2024 (Friday)	Rs. 137.00 to Rs. 144.00	Rs. 189.5 crores	1000 shares	BSE SME	BSE
Enfuse Solutions Limited	March 15, 2024 (Friday)	March 19, 2024 (Tuesday)	March 22, 2024 (Friday)	Rs. 91.00 to Rs. 96.00	Rs. 22.44 crores	1200 shares	NSE SME	NSE
Enser Communicat-ions Limited	March 15, 2024 (Friday)	March 19, 2024 (Tuesday)	March 22, 2024 (Friday)	Rs. 70	Rs. 16.17 crores	2000 shares	NSE SME	NSE
Chatha Foods Limited	March 19,2024 (Tuesday)	March 21, 2024 (Thursday)	March 27, 2024 (Wednesday)	Rs.53 to Rs.56	Rs.34 crores	2000 shares	BSE SME	BSE
Vishwas Agri Seeds Limited	March 21, 2024 (Thursday)	March 26, 2024 (Tuesday)	April 1, 2024 (Monday)	Rs. 86	Rs.25.80 crores	1600 shares	NSE SME	NSE

Upcoming IPO 2024 Company Profile

AVP Infracon Limited

AVP Infracon Limited incorporated in 2009. The company is involved in the business of infrastructure development work, urban development and PWD works. As of January 2024, over 40+ projects were completed by the company work Rs.31321 lakhs.

Consolidated Financial Restatement of AVP Infracon Limited
Period Ending	31st October 2023	31st March 2023
Assets (INR in Lakhs)	17,232.87	14,670.84
Revenue (INR in Lakhs)	7,411.90	11,550.09
Profit After Tax (INR in Lakhs)	855.78	1,205.31
Net Worth (INR in Lakhs)	3,405.31	2,549.66
Reserves and Surplus (INR in Lakhs)	1,605.31	2,069.66
Total Borrowing (INR in Lakhs)	7,791.95	6,729.31

Krystal Integrated Services Limited

The company was established in the year 2000. The company is involved in the business of facilities management services like housekeeping, sanitation, landscaping, gardening and various others. As of March 2023, the company has been services 326 customers. The company's revenue increased by 28.13% and PAT increased by 46.89% ion YoY basis in 2023.

Consolidated Financial Restatement of Krystal Integrated Services Limited
Period Ending	30th September 2023	31st March 2023	31st March 2022	31st March 2021
Assets (INR in Crores)	449.83	343.47	404.39	338.47
Revenue (INR in Crores)	455.67	710.97	554.86	474.31
Profit After Tax (INR in Crores)	20.56	38.41	26.15	16.65
Net Worth (INR in Crores)	183.68	163.41	163.86	136.08
Reserves and Surplus (INR in Crores)	170.09	155.27	156.04	129.76
Total Borrowing (INR in Crores)	103.36	47.99	72.55	65.31

KP Green Engineering Limited

The company was established in the year 2001. It is involved in the business of manufacturing steel products.

Consolidated Financial Restatement of KP Green Engineering Limited
Period Ending	30th September 2023	31st March 2023
Assets (INR in Billion)	1.36	0.95
Revenue (INR in Billion)	1.04	1.15
Profit After Tax (INR in Billion)	1.13	0.12
Reserves and Surplus (INR in Billion)	2.62	0.32

Enfuse Solutions Limited

Established in the year 2017. The company is involved in the business of offering integrated digital solutions in data management and analytics, e-commerce services , AI, etc... The company's revenue increased by 2.1% and PAT increased by 47.76% on YoY basis in 2023.

Consolidated Financial Restatement of Enfuse Solutions Limited
Period Ending	30th December 2023	31st March 2023	31st March 2022	31st March 2021
Assets (INR in Lakhs)	2,547.23	1,164.71	889.8	460.8
Revenue (INR in Lakhs)	2,805.28	2,610.42	2,556.64	1,720.26
Profit After Tax (INR in Lakhs)	322.5	292.73	198.11	155.43
Net Worth (INR in Lakhs)	969.95	646.45	353.72	155.6
Reserves and Surplus (INR in Lakhs)	318.95	--	--	--
Total Borrowing (INR in Lakhs)	905.75	242.09	234.08	--

Enser Communications Limited

Established in the year 2008, the company is involved in the business of Business Process management services to insurance, e-commerce , educational and travel companies. The company’s revenue increased by 53.63% and PAT increased by 105.42% on a YoY basis in 2023.

Consolidated Financial Restatement of Enser Communications Limited
Period Ending	30th September 2023	31st March 2023	31st March 2022	31st March 2021
Assets (INR in Lakhs)	1,799.26	1,383.92	870.42	662.41
Revenue (INR in Lakhs)	1,815.89	2,590.97	1,686.47	961.3
Profit After Tax (INR in Lakhs)	213.98	160.06	77.92	-11.74
Net Worth (INR in Lakhs)	653.24	394.78	234.71	156.78
Reserves and Surplus (INR in Lakhs)	652.17	393.78	233.71	155.78
Total Borrowing (INR in Lakhs)	709.09	631.88	309.37	276.92

Chatha Foods Limited

Established in the year 1997, the company is involved in the business of frozen food processing. They serve their frozen products to various types of restaurant segments. The company’s revenue increased by 34.14% and PAT increased by 264.66% on a YoY basis in 2023.

Consolidated Financial Restatement of Chatha Foods Limited
Period Ending	30th September 2023	31st March 2023	31st March 2022	31st March 2021
Assets (INR in Billion)	0.58	0.51	0.48	0.43
Revenue (INR in Billion)	0.71	1.17	0.87	0.61
Profit After Tax (INR in Billion)	0.034	0.02	0.006	-0.04
Net Worth (INR in Billion)	0.25	0.22	0.19	0.19
Reserves and Surplus (INR in Billion)	0.086	0.09	0.068	0.06
Total Borrowing (INR in Billion)	0.98	0.11	0.11	0.11

Vishwas Agri Seeds Limited

Established in 2013, the company is involved in the business of processing and supplying seeds to farmers through a distribution network. The company sells various crop seeds, hybrid seeds etc... The company's revenue increased by 0.72% and PAT increased by 115.43% on YoY basis in 2023.

Consolidated Financial Restatement of Vishwas Agri Seeds Limited
Period Ending	30th September 2023	31st March 2023	31st March 2022	31st March 2021
Assets (INR in Lakhs)	8,071.95	5,351.89	3,362.93	2,095.59
Revenue (INR in Lakhs)	4,247.49	6,532.18	6,485.80	5,382.66
Profit After Tax (INR in Lakhs)	451.01	534.14	247.94	116.3
Net Worth (INR in Lakhs)	1,883.90	1,432.89	478.75	200.81
Reserves and Surplus (INR in Lakhs)	1,183.90	732.89	398.75	150.81
Total Borrowing (INR in Lakhs)	2,862.87	1,877.88	1,697.17	1,275.08

Key Performance Indicators of Upcoming IPO 2024 Companies

Issuer	P/E Ratio	Market Capitalization	ROE	ROCE	Debt Equity Ratio	EPS	RoNW
AVP Infracon Limited	11.2	Rs.187.34 crores	25.05%	22.63%	1.96	Rs.6.70	25.05%
Krystal Integrated Services Limited	21.45	Rs. 998.99 crores	11.71%	16.97%	0.58	Rs.33.33	11.21%
KP Green Engineering Limited	42.8	Rs. 720 crores	29.24%	23.05%	1.11	Rs.3.36	25.51%
Chatha Foods Limited	37.76	Rs.125.98 crores	14.54%	14.81%	0.39	Rs.1.48	14.54%
Enser Communications Limited	28.02	Rs. 61.01 crores	32.76%	34.61%	--	Rs.2.50	32.76%
Vishwas Agri Seeds Limited	5.06	Rs.86 crores	27.20%	14.60%	--	Rs. 16.98	23.94%
Enfuse Solutions Limited	21.35	Rs. 84.94 crores	39.88%	24.05%	--	Rs.4.50	33.25%

Upcoming IPO 2024 to be Announced in Indian Stock Market

To Be Announced

Trust Fintech Limited

GO Airlines (India) Ltd.

Wellness Forever Medicare Limited

Bajaj Energy Ltd

Jasper infotech Pvt ltd.

Arohan Financial Services Limited

Lava International

One MobiKwik Systems Limited

ESAF Small Finance Bank Ltd.

Le Travenues Technology Limited

Studds Accessories Ltd.

Fincare Small Finance Bank Limited

Penna Cement Industries Ltd

Aadhar Housing Finance Ltd.

Oravel Travels Ltd

PKH Ventures Limited

For more details on the Upcoming IPO 2024’s companies, visit Enrich Money IPO page

How to Invest in Upcoming IPO 2024?

First of all, the investors must possess an active bank account and a demat and trading account with a brokerage. Enrich Money provides the AMC free demat account for the investors to invest in the upcoming IPO 2024.

Conclusion

The upcoming IPO 2024 presents a compelling opportunity for investors to engage with potential future business leaders and be part of their growth stories from the outset. Investing in these IPOs is not just about financial returns; it's a foray into the heart of market dynamics, offering a chance to support innovative companies and participate in their journey towards market leadership. As these companies go public, investors can consider the prospects carefully and make informed decisions to align with their investment goals.

Frequently Asked Questions

Is it wise to invest in every upcoming IPO 2024?

Purchasing every upcoming IPO 2024 is not advisable. It is crucial to assess each company planning to go public, considering its strengths and weaknesses. Based on this evaluation, you can make an informed decision about whether to invest or not.

What key factors should I consider before investing in an IPO?

Before investing in any upcoming IPO 2024, it's essential to understand the company's business model and valuation. Analyze the firm's key strengths and review its financial statements thoroughly. Additionally, reading the Draft Red Herring Prospectus (DRHP) carefully can provide valuable insights

Explain IPO size?

An IPO issue size is the total value of shares a company intends to sell to the public during its initial public offering.

How to subscribe to the upcoming IPO 2024?

To subscribe to an upcoming IPO 2024, you need to open a free demat account with Enrich Mooney and place your bid online during the IPO subscription period.

Is demat account necessary for the upcoming IPO 2024?

Yes, a demat account is necessary for subscribing to the upcoming IPO 2024 as shares are allotted in electronic form.

Disclaimer: This blog is dedicated exclusively for educational purposes. Please note that the securities and investments mentioned here are provided for informative purposes only and should not be construed as recommendations. Kindly ensure thorough research prior to making any investment decisions. Participation in the securities market carries inherent risks, and it's important to carefully review all associated documents before committing to investments. Please be aware that the attainment of investment objectives is not guaranteed. It's important to note that the past performance of securities and instruments does not reliably predict future performance.