A large number of public affairs of companies are scheduled for the third quarter of the current financial year
New Delhi:
Even as the market regulator, Securities and Exchange Commission of India (SEBI) decided to tighten the regulations on initial public offering (IPO) to control the high volatility of the stock market. share price on the date of listing and also to limit their proceeds, which are for future acquisitions, up to 23 companies are ready for a public offering by the third quarter of the current financial year .
Overall, these companies aim to raise around Rs 44,000 crore through the IPO route, with technology-users leading the way. This comes after 63 companies achieved a record Rs 1.2 lakh in 2021 through initial public offerings (IPOs) even as the Coronavirus pandemic affects the economy. domestic.
Hotel aggregator OYO (8,430 Rs crore), Adani Wilmar (Rs 4,500 crore), Emcure Pharmaceuticals (Rs 4,000 crore), Vedant Fashions (Rs 2,500 crore), Paradeep Phosphates (Rs 2,200 crore), Medanta (Rs 2,000 crore) and Ixigo (Rs 1,800 crore) are some of the key players expected to float initial share sales in the third quarter, commercial bankers said.
Several other companies that will also conduct IPOs during this period include Mobiwik, Skanray Technologies, Healthium Medtech and Sahajanand Medical Technologies among others, the commercial bankers added.
Apart from these companies, PowerGrid InvIT (Infrastructure Investment Trust) has raised Rs 7,735 through its IPO, while Brookfield Real Estate Fund India raised Rs 3,800 through REIT (Fund real estate investment).
Excessive liquidity, huge listing turnover and growing retail investor participation have fueled persistent euphoria in the IPO market in 2021, experts say know.
They add that these companies are raising funds for organic and inorganic growth initiatives, debt settlement and for existing shareholders.
