Factbox: India's biggest 2024 IPOs as stock markets boom

Bharti Hexacom

29/07/2024 08:53

BENGALURU, July 29 (Reuters) - Here are some details of
this year's biggest initial public offerings (IPOs) in India,
where stock markets are booming and Ola Electric, the country's
biggest e-scooter maker, will launch its highly anticipated IPO
on Thursday.
    More than 150 companies have raised nearly $5 billion
through IPOs between January and July, nearly double the amount
raised in the same period last year, LSEG data shows.
    These are the country's biggest IPOs of 2024:
        
    * OLA ELECTRIC
    The electric scooter maker's $734-million IPO will be the
biggest so far this year. The company's IPO has drawn investor
interest from the likes of Fidelity and Nomura.
    
    * BHARTI HEXACOM
    Telecom operator Bharti Hexacom's  BHAX.NS  $511-million IPO
was launched in April, attracting bids worth more than $8
billion.
    
    * AADHAR HOUSING FINANCE
    Mortgage lender Aadhar Housing Finance's  AADA.NS  IPO in
May raised $358 million.
    
    * GO DIGIT GENERAL INSURANCE
    Insurer Go Digit  GODG.NS  launched its share sale in May,
raising $312 million.
    
    * BHARAT HIGHWAYS INVIT
    An IPO by infrastructure investment trust Bharat Highways
InvIT  BHAW.NS  in February raised about $300 million.
    
    * EMCURE PHARMACEUTICALS
    Bain-backed drugmaker Emcure  EMCU.NS , which focuses on
areas such as gynaecology and HIV treatments, launched its $234
million IPO earlier this month.
    
    * INDEGENE
    Indegene  INEG.NS , which provides digital services to the
biopharma industry, launched its IPO in May, raising $220
million.
    
    * HYUNDAI MOTOR INDIA (upcoming)
    Hyundai Motor's  005380.KS  Indian business has filed draft
papers for what could be the country's biggest-ever issue of
shares later this year, with plans to raise roughly $3 billion.

 (Reporting by Nandan Mandayam in Bengaluru;
Editing by Aditya Kalra and Helen Popper)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))