Upcoming IPOs in August 2024: Your Guide to the Rest of the Month’s Listings
Welcome! This article details the upcoming IPO list for the remainder of August. A total of 18 IPOs are expected, with official dates already announced for four of them, presenting new opportunities for application. We will delve into these IPOs in detail.
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Key Upcoming IPOs in August (and Beyond)
Here’s a look at several IPOs that have received SEBI approval or are expected to launch soon:
Hero Fincorp IPO
While the official date and price band for Hero Fincorp IPO are yet to be announced, the company’s IPO is estimated to be approximately 3680 crore. This includes a fresh issue of 2100 crore and an Offer for Sale (OFS) of 1568 crore, through which promoters and existing shareholders will dilute their stake. An interesting aspect of this IPO is that only 10% of the total issue size will be reserved for retail investors. Additionally, there will be a shareholder category, allowing those who previously held shares of Hero Motocorp to apply. The official dates are anticipated to be announced soon, with a strong possibility of release in the third week of August. The company filed its DRHP on July 31st and received SEBI approval on May 2nd, 2025. This IPO is expected to garner a good response.
CDL Financial IPO
CDL Financial has received SEBI approval, though official dates and prices are pending. There is a high chance for this IPO to launch in August or September if not in August. The total issue size is projected to be 5000 crore, comprising a fresh issue of 3000 crore and an OFS of 2000 crore, allowing promoters and existing shareholders to dilute their stake. It will be a book-building IPO, listing on both BSE and NSE. The company received approval for its 5000 crore issue size on May 15th, 2025, after filing its DRHP on January 1st this year. With approval received two months ago, the IPO is expected soon.
Veritaas Finance IPO
Veritaas Finance has also secured SEBI approval. The issue size will include a fresh issue of 600 crore and an OFS of 2200 crore, totaling approximately 2800 crore. The allocation will be 50% for Qualified Institutional Buyers (QIBs), 35% for Retail Investors, and 15% for High Net-worth Individuals (HNIs). The company filed its DRHP on January 21st and received SEBI approval on April 29th. There is a strong possibility of this IPO launching this month.
SK Finance IPO
SK Finance has received SEBI approval. The issue size is approximately 5000 crore as a fresh issue and 1700 crore as an Offer for Sale, with a total issue size of approximately 2200 crore. The distribution includes 50% for QIBs, 35% for Retail Investors, and 15% for HNIs. The company’s approval is nearly one year old. If the IPO does not launch this month, the company will need to refile its DRHP. Therefore, there is a high likelihood of this IPO launching in August.
Vikram Solar IPO
A tentative date of August 19th is being discussed in the market for the opening of the Vikram Solar IPO. Investors should prepare in advance as this company operates in the power and solar sectors, with a significant portion of its business coming from domestic operations, which tends to attract more interest from both retail and institutional investors. The DRHP was filed on September 13th, 2024, and approval was received on May 29th.
Fujiyama Power System IPO
Fujiyama Power System has also received SEBI approval. There is a strong chance for this IPO to launch this year. The company filed its DRHP twice; first on January 7th (approved February 12th), and then on March 10th (approved July 14th). The IPO is expected to launch very soon this month.
Vikraman Engineering IPO
The Vikraman Engineering IPO is expected to have an issue size of 1000 crore, with 900 crore as a fresh issue and 100 crore as an Offer for Sale. The allocation will be 50% for QIBs, 35% for Retail Investors, and 15% for HNIs. The company filed its DRHP on October 4th, 2024, and received SEBI approval on January 14th, 2025. This IPO is anticipated to launch soon.
Solar World Energy Solution IPO
Solar World Energy Solution has received SEBI approval. If Vikram Solar IPO successfully lists, it is expected to pave the way for other renewable energy and power sector companies to launch their IPOs. This IPO will have a relatively small issue size of approximately 600 crore, comprising a fresh issue of 550 crore and an OFS of 50 crore. Only 10% of the shares will be reserved for retail investors, indicating a lower chance of allotment. The DRHP was filed on September 25th, 2024, and approval was received on January 13th. There is a chance for this IPO to launch this month.
Paras Health Care IPO
There is a high probability of the Paras Health Care IPO launching this month. The company filed its DRHP on July 13th, 2024, and received SEBI approval on October 18th, 2024. Given the current favorable market conditions, with several successful IPO listings, this IPO is also likely to launch this year, possibly this month.
Regreen Excel EPS IPO
Regreen Excel EPS has received SEBI approval. The DRHP was filed on September 19th, 2024, and approval was granted on December 31st, 2024.
Equis Pref Tech IPO
Equis Pref Tech’s DRHP was filed, and approval was received on August 1st this month. This IPO has a high chance of launching in September and should be added to your watchlist.
Vidya Wires IPO
Vidya Wires has received SEBI approval. The DRHP was filed on January 11th this year, and approval was granted on June 4th.
IPOs with Confirmed Opening Dates
Several IPOs have announced their official opening dates:
- Patel Retail IPO: Opening on August 19th.
- Shree Ji Shipping Global IPO: Opening on August 19th.
- Rigard Resource IPO: Opening on August 12th.
- Bluestuffst IPO: Opening on August 11th.
- Vikram Solar IPO: Tentative opening on August 19th.
We have discussed the upcoming IPOs, some of which may also launch in September. We will keep you updated. Please subscribe to the channel to receive timely notifications as soon as official dates and price bands are announced.
