Ola Electric, Waaree Energies among 12 Companies to Launch IPOs in Next 2 Months

1. Ola Electric, Waaree Energies among 12 Companies to Launch IPOs in Next 2 Months The Indian stock marketplace is set to witness a surge in initial public offerings (IPOs) over the next two months. A total of 18 companies have received approval from the Securities and Exchange Board of India (SEBI) to release their IPOs, aiming to raise over ₹20,000 crore. Additionally, 37 companies have filed their draft red herring prospectus (DRHP) to raise over ₹50,000 crore, looking forward to approval from the regulatory body. Key IPOs Some of the key IPOs expected in the coming months include: 1. Ola Electric Limited:India's biggest electric two-wheeler producer is gearing up to launch its Initial Public Offering (IPO) to raise Rs 5,500 crore. The Ola Electric IPO consists of a fresh issue of 5,500 crore and an Offer-for-Sale (OFS) of 95,191,195 Equity Shares. The share allotment date and listing date are yet to be announced. The price band and the lot size are yet to be declared. This will mark the first IPO by way of an EV startup in the country 2. Waaree Energies Limited:Waaree Energies Ltd. Has filed preliminary papers with SEBI to raise funds through an initial public offering (IPO). The photovoltaic (PV) solar panel producer will probably go public in a few weeks with a fresh issue worth 3,000 crore and an offer for sale (OFS) of 3.2 million stocks from existing investors. The IPO is expected to be a considerable event within the Indian stock market, and investors are eagerly anticipating the details of the Waaree Energies IPO. The proceeds from the fresh issue may be used to finance the cost of putting in place a 2 GW solar cell manufacturing unit and a 1 GW solar PV module manufacturing facility in Gujarat. The remaining proceeds may be used for general company functions. 3. Afcons Infrastructure:Afcons Infrastructure Limited, a construction and engineering company backed by the different conglomerate Shapoorji Pallonji Group, has filed a draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) to raise ₹7,000 Crore through an initial public offering (IPO). The Afcons Infrastructure IPO includes a fresh issue of as much as ₹1,250 Crore and an offer for sale of up to ₹5,750 Crore by Goswami Infratech Private Limited. The proceeds from the fresh issue will be utilized for repayment/prepayment of certain outstanding borrowings, funding capital expenditure requirements for the purchase of construction equipment, and general corporate purposes. 4. Premier Energies:The solar cell and solar module manufacturer is planning to go public soon with an IPO including a fresh issue of ₹1,500 crore and an OFS component of nearly 28.2 million shares.

2. 5. Emcure Pharmaceutical: The generic drug manufacturer is preparing to launch an IPO valued between ₹2,200-2,300 crore by the end of the month, having recently secured approval from SEBI. Other Companies Other companies planning to launch their IPOs in the next two months include: 1. Allied Blenders and Distillers:The 1/3-largest Indian Made Foreign Liquor (IMFL) producer is gearing up to enter the capital marketplace in the latter part of this month, intending to elevate about ₹1,500 crore. 2. Asirvad Microfinance: The microfinance company is planning to launch its Initial Public Offering (IPO) to raise ₹1,000 crore. 3. CJ Darcl Logistics: CJ Darcl Logistics Limited is planning to launch its initial public offering (IPO) to raise ₹1,000 crore funds for various purposes. 5. One MobiKwik Systems: The online payment platform is planning to launch CJ Darcl Logistics IPO to raise ₹1,000 crore. CJ Darcl Logistics has a strong overall economic performance, with revenue from operations of ₹38,575.59 million for financial 2024. The company is mainly in the full truckload (FTL) transportation vertical, with a marketplace share of 77.95%. 4. Bansal Wire Industries: The wire manufacturing company is planning to launch its IPO to raise ₹500 crore. 5. Shiva Pharmachem: The pharmaceutical company filed for an IPO in August 2023, which may be launched in the upcoming 2 months through an offer for sale of ₹900 crore. 6. One Mobiwik System: The online payment platform is planning to launch its IPO to raise ₹1,000 crore. Market Outlook The return of the Modi government for a 3rd period has renewed investor confidence, signaling a period of strong governance and guidelines. Despite the broader equity indices accomplishing new highs and many shares buying and selling at high valuations, bankers have suggested that investors continue to be obsessed with purchasing new shares. The overall activity in the primary market, from submitting the DRHP to launching public issues, is predicted to accelerate now. Conclusion

3. The Indian stock marketplace is about to witness a surge in IPOs over the subsequent months. With over 24 organizations planning to go public, the primary marketplace is predicted to be busy. The key IPOs, which include Ola Electric, Emcure Pharmaceuticals, Afcons Infrastructure, Waaree Energies, and Premier Energies, are expected to raise over ₹30,000 crore. The market is expected to stay buoyant, pushed by robust domestic inflows and policy continuity, with an emphasis on infrastructure spending and domestic manufacturing to assist strong financial growth. Address: MiQB, Plot 23, Sector 18, Maruti Industrial Development Area, Opposite VLCC corporate office, Gurugram, Haryana 122015 Ph.No.: +91-70-6556-0002