Top Hot IPOs to Watch in 2024: Shaking Up the Indian Stock Market

The Indian stock market is a sizzling cauldron of activity, and 2024 promises to be no different. In fact, among different avenues, Initial Public Offerings (IPOs) have received a lot of attention from both experienced and new investors. While seasoned investors meticulously plan their next move, newcomers are wide-eyed with anticipation. But before we get into the IPO frenzy, let's see what exactly an IPO is.

Here's a sneak peek at 5 upcoming IPOs in India that are generating serious buzz:

One Mobikwik System Ltd.

MobiKwik, a Gurugram-based fintech giant, is all set to raise the bar with its IPO with an issue size of Rs 1,900 crore. So, mark your calendars, fintech enthusiasts; this one could be a game-changer!

Fabindia Ltd.

Calling all conscious consumers! Fabindia, the iconic Indian retail chain synonymous with handcrafted textiles and organic products, is finally taking the IPO route.

EbixCash

EbixCash, a technology-enabled provider of digital products and services in the B2C, B2B, and financial technology arenas, plans to raise 6,000 crores through their IPO.

Hexagon Nutrition

Hexagon Nutrition is a fully integrated, research-oriented pure-play nutrition firm. This Mumbai-based firm aims to raise 600 crores via IPO by offering up to 30,113,918 equity shares for Rs 1 each.

Oravel Stays (OYO)

One of India's most successful hospitality unicorns is finally considering an IPO. The brand plans to tap into the market to raise Rs. 8,430 crores, but may settle for a smaller price.

Remember, these are just a few IPOs that are creating buzz in India!