Upcoming IPOs to Watch Out For: Indian Primary Market Buzzing with New Listings

India's primary market is set to become lively with several upcoming IPOs in the coming weeks. Six companies from diverse sectors, including renewable energy, healthcare, and logistics, are preparing to go public. The companies gearing up to launch IPOs include NTPC Green Energy, Acme Solar, Mobikwik, Sagility India, Zinka Logistics, and Niva Bupa Health Insurance. These IPOs have received approvals from SEBI, with NTPC Green Energy awaiting a final review.

NTPC Green Energy IPO

NTPC Green Energy Ltd, the nation’s leading public-sector renewable energy player (excluding hydro), is set to make its market debut. With a portfolio of 14,696 MW projects, it has 2,925 MW operational and 11,771 MW under contract. Another 10,975 MW of renewable capacity is under development, promising a robust expansion of India’s clean energy sector. NTPC Green’s assets are spread across various states, featuring solar and wind projects that support regional energy needs effectively.

Acme Solar Holdings IPO

Acme Solar Holdings Ltd stands among India’s prominent independent renewable energy providers. Initially focusing on solar, Acme has expanded to cover various renewable sources and manages its engineering, procurement, and construction (EPC) as well as its operations and maintenance (O&M). Acme’s revenue comes from selling electricity to state and central organizations, aiming to address India's growing energy demands sustainably.

One Mobikwik Systems IPO

One Mobikwik Systems Ltd is a renowned payment platform connecting consumers and merchants across India. Founded by Bipin Preet Singh and Upasana Taku, Mobikwik supports financial inclusion with products like Kwik QR, EDC machines, and Merchant Cash Advance. The company also operates Zaakpay, a B2B payment gateway for e-commerce, backed by an RBI-approved Payment Aggregator license.

Sagility India IPO

Sagility India Ltd, headquartered in Bengaluru, is a leading healthcare-focused technology provider. Established in 2021, it offers crucial services like claims management, clinical services, and revenue cycle management to healthcare providers and pharmacy benefit managers. Sagility’s expertise in healthcare technology positions it well within the growing health tech sector.

Zinka Logistics IPO

Zinka Logistics, with its BlackBuck app, aims to transform India's trucking industry by offering tools for payment management, telematics, and vehicle financing. The company also provides financing options for commercial vehicles, issuing over 4,000 loans worth Rs. 196.79 crore as of March 2024. BlackBuck’s technological tools are designed to streamline trucking operations, modernizing the logistics sector.

Niva Bupa Health Insurance IPO

Niva Bupa Health Insurance is one of India’s top health insurers with a Gross Direct Premium of Rs. 5,499 crore in Fiscal 2024. Adopting a digital-first approach, it provides end-to-end digital solutions, covering everything from policy onboarding to claims. As of fiscal 2024, Niva Bupa holds a 16.24% share in the standalone health insurance market, positioning it as the second standalone health insurer to file for an IPO after Star Health.

Also read: Godavari Biorefineries IPO Launches: Key Details and Risks

Summary

India's primary market is set for a boost with six diverse companies planning IPOs soon. Companies like NTPC Green Energy, Acme Solar, Mobikwik, Sagility India, Zinka Logistics, and Niva Bupa Health Insurance are gearing up to go public. Each company represents a key sector—renewable energy, healthcare, digital finance, and logistics. These IPOs bring unique growth opportunities for investors, as SEBI has granted final approvals, with only NTPC Green Energy awaiting final review. The upcoming listings reflect India's expansion in energy, health, and digital sectors, promising diverse investment prospects.