Many significant IPOs, like Oyo, Ola, Swiggy, Byju’s, and others, are still pending and unclear about going public this year, while many comparatively smaller firms are taking advantage of the recent stock market gains by going public.
11 IPOs are expected in September as the stock market reaches record highs.
Eleven Indian firms, from JSW Infrastructure, which is backed by the Sajjan Jindal Family Trust, to Yatra Online are ready to access the main market as a result of the key stock indexes Sensex and Nifty achieving new record highs this week.
These 11 firms together want to raise more than Rs 10,000 crore via the IPO process.
Read more about ITC’s potential 2024 separate IPO for its hotel division here.
Indian Companies Holding Initial Public Offerings in September ipo-september bqprime
Three firms have already generated Rs 977 crore via initial public offerings (IPOs) this month. According to the BQ Prime study, the subscription rates for these three IPOs may be used to determine investor interest.
The IPO of Ratnaveer Precision Engineering Ltd., which topped the September list, received 94 subscriptions, with more than 54 of them coming from individual investors. Second place went to EMS Ltd., whose initial public offering was completed on Monday and was 75 times oversubscribed. The IPO of Rishabh Instruments Ltd., which was followed, received a 31.6 times subscription, with institutional investors subscribing more than 72 times.
RR Kabel, Samhi Hotels, Zaggle Prepaid Ocean Services, and Michael Kaufman-backed Yatra Online have all been in the spotlight this week as they seek to raise a combined Rs 4,673 crore from investors. Today’s last day of bidding saw 18.64 times as many subscribers to the RR Kabel IPO.
Also scheduled to raise more than Rs 2,140 crore via the IPO next week are Sai Silks Kalamandir Ltd., Signature Global, and Manoj Vaibhav Gems Ltd.
However, JSW Infrastructure’s public offering of Rs 2,800 crore via a new issuance of shares, which opens in the latter week of September, that is, between September 25 and September 28, would account for the lion’s share of this month’s IPO.
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