July 2024 has several opportunities to invest your money in growth-oriented IPOs. We will discuss both SME and mainboard potential IPOs. Recently, Allied Blenders opened its IPO which is performing well in the market. The company is also known for its product Officer’s Choice. Another company is Vraj Iron and Steel, its IPO is currently ongoing and will close tomorrow. Below are some IPOs coming in the first half of July that can skyrocket in the coming years.

IPO In July 2024

July 2024 IPO Openings

  1. Ambey Laboratories: It is an SME IPO which will open on 3 July 2024 and close on 5 July 2024. It will have a book-built issue of 68.64 lakh shares. Those subscribing for the shares will get a chance to subscribe for both the fresh issue and the offer for sale where the fresh issue will be 65.52 lakh shares and the offer for sale will be 3.12 lakh shares. It will have a face value of Rs. 10 per share. However, its price is undecided. It will open for these types of investors who are QIB, Retail, and NII. Ambey Laboratories had a good revenue by the end of Jan 2024 of Rs. 10,043.69 Lakhs with a Profit After Tax of Rs. 607.73 Lakhs.
  2. Emcure Pharma: Emcure Pharma is a mainboard IPO that is going to open on 3 July 2024 and close on 5 July 2024. Apart from its IPO offering, the company will also conduct a one-day anchor investing round on 2 July 2024. Thus, there will be equity shares worth Rs. 800 crore and an offer for sale of Rs. 1.14 Crore equity shares. Both equity shareholders and promoters contribute to OFS. According to sources, Kotak Mahindra Capital Company, Jefferies India, Axis Capital, and JP Morgan will be the lead managers in the company. Emcure Pharma is expected to list on 10 July 2024. Emcure Pharma is backed by Bain Capital. The investors are eagerly looking for this opportunity.

Other Potential IPO Openings

  1. OLA Electric: OLA Electric is another big IPO that will open soon for the subscription. The company will have a fresh issue of Rs. 5,500 crore and an Offer for Sale of 9.52 Crore shares at a face value of Rs. 10 per share. The IPO date is unknown at the moment.
  2. Bansal Wire: The IPO date is yet unknown. The company can soon launch its IPO with a book-built issue of Rs. 745 Crores. All the shares will be fresh equity shares with a face value of Rs. 5 per share. QIB, Retail investors, and NII can invest in this IPO.

These are some July 2024 IPOs. However, we do recommend deeply studying the company and its performance before investing.

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