Six IPOs coming up next month including NTPC Green, Mobikwik, Acme Solar

Six companies including NTPC Green Energy, Acme Solar, Mobikwik, Sagility India, Zinka Logistics, and Niva Bupa are gearing up for their IPOs next month

Published on: Oct 27, 2024, 11:44:35 IST

By HT News Desk

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Six companies from various sectors including NTPC Green Energy, Acme Solar, Mobikwik, Sagility India, Zinka Logistics, and Niva Bupa are gearing up for their respective initial public offerings (IPOs) next month, according to a Mint report.

All the companies have gotten clearance from the market regulator Securities and Exchange Board of India (Sebi), with NTPC Green alone still waiting for final observation, the report read.

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What are the details of the six companies whose IPOs scheduled to come next month?

NTPC Green Energy

NTPC Green Energy Ltd is currently India's largest public sector renewable energy company with a 14,696 MW portfolio and another 10,975 MW capacity in development across solar and wind energy projects.

Acme Solar Holdings

Acme Solar Holdings Ltd is another renewable energy producer focusing solely on solar power projects. It manages its own engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) functions, while generating revenue by selling electricity to state and central entities.

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Niva Bupa Health Insurance

Niva Bupa Health Insurance Company Ltd is a health insurer with a 16.24% share in the standalone health insurance (SAHI) market and a Gross Direct Premium of ₹5,499 crore in the financial year 2023-24.

It focuses a lot on end-to-end digital services from onboarding to claims and will become the second SAHI firm in India to file for an IPO after Star Health.

One Mobikwik Systems

One Mobikwik Systems Ltd is a payment platform founded by Bipin Preet Singh and Upasana Taku, providing services like Kwik QR, EDC Machines, and Merchant Cash Advance.

Zaakpay, its subsidiary has a B2B payment gateway service for e-commerce firms, with RBI's approval for its Payment Aggregator (PA) license.

Sagility India

Sagility India Ltd, established in 2021 in Bengaluru, provides services like claims management, clinical services, and revenue cycle management for healthcare providers.

Zinka Logistics

Zinka Logistics through its BlackBuck app offers truck operators with tools for payment management, telematics, and vehicle financing services. It has facilitated 4,035 loans worth ₹196.79 crore by March 2024.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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