Upcoming IPOs in January 2024

1.IBL Finance Limited IPO

download Upcoming IPOs in January 2024

opens on- 09 Jan 2024

Closed- 11 January 2024

price band – 51Rs

Lot size- 2000

About Company –

IBL Finance Ltd. (IBLFL) initiated its lending operations targeting self-employed professionals and small business entrepreneurs in March 2019, transitioning to a fintech-based financial services platform from fiscal 2020 onward. Operating as a tech-driven fintech entity, it utilizes technology and data science to facilitate quick and seamless lending.

Through its mobile app, IBLFL offers nearly 100% digital personal loans, addressing the financial needs of the underserved Indian population. Branded as “IBL: Instant Personal Loan,” the digital lending platform disbursed 1,63,282 personal loans totaling Rs. 71.05 crore up to March 31, 2023, with an asset under management (AUM) of Rs. 14.61 crore. The company disbursed 1,22,078 personal loans amounting to Rs. 52.35 crore as of March 31, 2023, with an average ticket size of approximately Rs. 4500 and an average tenure of 5 months.

Key to its business growth is the digital lending process, which sets it apart in the market. The repayment structure involves equal monthly installments (EMI) over the loan tenure. As of the offer document filing date, the company employs 82 individuals. Dilip Davda’s review on January 5, 2024, highlights concerns about the aggressive pricing of IBL Finance Limited’s IPO and questions the sustainability of its superior margins.

2. JYOTI CNC

opens on- 09 Jan

closing – January 15

price band- 315 Rs to 331Rs

Lot size- 45

About Company –

Jyoti CNC Pvt. Ltd. is a reputable company known for its expertise in manufacturing CNC machines. Established with a commitment to precision engineering, Jyoti CNC has gained recognition for producing high-quality and innovative machining solutions. With a focus on advanced technology, the company has contributed significantly to the machining industry.

Jyoti CNC’s product range includes a variety of CNC machines tailored to meet the diverse needs of industries such as automotive, aerospace, and general manufacturing. The company’s dedication to research and development ensures that their machines incorporate the latest advancements in the field. Known for its commitment to quality, Jyoti CNC maintains rigorous standards in its manufacturing processes.

The company’s emphasis on precision and reliability has earned it a positive reputation among clients worldwide. Furthermore, Jyoti CNC Pvt. Ltd. is actively involved in promoting sustainable and environmentally friendly practices within its operations. This commitment aligns with the global emphasis on corporate responsibility and sustainable manufacturing. In conclusion, Jyoti CNC Pvt. Ltd. stands as a prominent player in the CNC machining industry, recognized for its commitment to precision, innovation, and sustainable practices.


3.New Swan MultiTech IPO

Opens on- 11 jan 2024

closed- 15 January 2024

Price band- 62rs. 66rs.

lot size -2000

About Company –

New Swan Multitech Limited stands as a prominent and reputable manufacturer and exporter of high-quality farm machinery in India. Our company’s journey commenced with a focus on farm machinery parts, evolving into specialized production at our state-of-the-art plant under the brand name SWAN AGRO.

Accredited with ISO, QS, and TS certifications, NSML adheres to world-class management systems and manufactures products of exceptional quality. The diverse range of SWAN AGRO products includes the following: rotary tiller, disc plough, disc harrow, potato planter, potato digger, potato harvester, roto seeder, seed drill, zero till, mulcher, reaper and binder, straw reaper, sub soiler, post hole digger, trailers, fertilizer spreader, rotary slasher, baler, combine harvester, and more.

Since the inception of production, our commitment to sales, spare parts, and after-sales service has consistently supported our valued customers. With a robust transport network, we are well-prepared to serve all continents, reflecting our dedication to international cooperation.

Swan Agro takes pride in its leadership in quality and confidence within India, extending an invitation for global partners to join us in successful international collaboration. Wherever you are in the world, we welcome you to be part of our journey.

4.Australian Premium Solar IPO

Opens On- 11 January 2024

closed – 15 January 2024

Price Band – 51rs to 54rs

lot size – 2000

About Company –

With a steadfast commitment to the “Make in India” initiative by the Government of India, APS India is dedicated to fostering India’s prominence in the solar sector by developing homegrown solar products and solutions.

Established in 2013, APS India aspires to be a self-reliant manufacturer, seller, and innovator within the Indian solar industry. Our products, supported by continuous investments in research and development, are crafted to deliver world-class solutions across various segments.

Beyond facilitating the transition to solar in the commercial and residential sectors through our indigenous product range, we actively contribute to environmental preservation in the face of climate change challenges.

Our convictions and research affirm that solar power stands as a viable alternative to India’s current reliance on coal and fossil fuels. Global Expertise for Local Benefits” encapsulates the ethos of the APS India team as they strive towards their mission.

5.Medi assist Health care Services Limited

Opens on- no data

Price Band- no data

About Company –

Medi Assist Health Care Services is a well-established company renowned for its contributions to the healthcare sector. Specializing in providing comprehensive healthcare solutions, the company has made significant strides in ensuring accessible and quality medical services.

With a focus on healthcare management, Medi Assist facilitates a range of services, including health insurance claim processing, hospital network management, and wellness programs. Through innovative solutions, the company plays a pivotal role in streamlining healthcare processes and enhancing the overall patient experience. Medi Assist’s commitment to efficiency and customer satisfaction is evident in its user-friendly platforms and digital interfaces.

These technologies contribute to the seamless delivery of healthcare services, catering to the evolving needs of individuals and organizations alike. Recognizing the importance of health and well-being, Medi Assist actively engages in promoting preventive healthcare initiatives.

By integrating technology and healthcare expertise, the company strives to make healthcare more accessible, transparent, and efficient. In summary, Medi Assist Health Care Services stands as a reputable entity in the healthcare domain, dedicated to advancing healthcare management, improving accessibility, and fostering overall well-being.

6.Addictive Learning Technology Limited

opens on – 19 January 2024

Closed- 23 January 2024

Price Band- 130rs to 140rs

Lot size -1000

About Company –

Addictive Learning Technology has emerged as a leading force in educational technology, leveraging its prowess to redefine the learning paradigm. The company strategically employs interactive and immersive learning solutions, utilizing state-of-the-art technology to revolutionize knowledge acquisition.

With a keen focus on incorporating gamification, interactive assessments, and personalized learning pathways, additive learning technology has successfully created platforms that not only enhance educational effectiveness but also make the learning process enjoyable. As of the latest available data, the company’s user-friendly interfaces and dynamic content have garnered significant user engagement across diverse age groups and educational levels.

Addictive Learning Technology is committed to staying at the forefront of educational innovation through continuous research and development. This commitment ensures that its solutions remain adaptive and align with the dynamic needs of learners in an ever-evolving educational landscape.

In essence, additive learning technology is a pivotal player in the educational technology sector, backed by its dedication to providing cutting-edge and engaging learning experiences. The company’s influence extends to empowering individuals on their educational journey, making a substantial impact on the broader realm of modern education.

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