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Every year on Diwali, we worship Goddess Lakshmi to bring happiness and prosperity to our homes. But this Diwali, not just worship, but wise investments will also bring Lakshmi to your home. This festive season in the stock market is special because many large and trusted startup companies are launching their IPOs. This means that not only will lamps be lit, but portfolios will also shine.

This Diwali, five startups are offering excellent investment opportunities. Let's find out which companies' IPOs can brighten your Diwali.

Groww
Groww has become India's largest online brokerage platform. Its app is used by millions of young people because of its simple and user-friendly interface. Groww is expected to launch its IPO around Diwali. This will issue new shares worth approximately ₹1,060 crore. Additionally, some existing investors will sell their stakes. The IPO will provide the general public with an opportunity to participate in the company.

PhysicsWallah
After establishing a reputation in the online education sector, PhysicsWallah is now expanding its reach to investors. The company is preparing to launch an IPO worth approximately ₹3,820 crore. Its strong presence in smaller cities and affordable courses are making the brand popular among both students and investors.

Pine Labs
Pine Labs is a fintech company that provides digital payments and EMI services. It counts millions of merchants across the country as clients. After receiving SEBI approval, it is expected to launch its IPO around Diwali.

PhonePe
PhonePe is one of India's largest digital payment platforms. Backed by Walmart, the company is planning an IPO worth up to $1 billion. If all goes well, it could become the most talked-about IPO of the season. Its large share of UPI transactions further strengthens its position.

Lenskart
Lenskart has become a major player in the eyewear sector. The excellent blend of online and offline businesses makes this brand unique. The company is now planning an IPO worth approximately ₹2,200 crore. Growing at a rate of approximately 10% annually, it is also rapidly expanding into new cities.

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