The IPO market will be bustling from today. This week 13 companies are bringing their IPOs. Out of these, the IPOs of Bajaj Housing Finance, Cross Limited and Tolins Tyres will open for application on September 9 and will close on September 11. At the same time, the IPO of P.N. Gadgil Jewelers will open for retail investors on September 10 and will close on September 12.
Plans to raise Rs 8,390 crore
Bajaj Housing Finance is among the four IPOs to be listed in the stock market. The company plans to raise about Rs 6,560 crore. Apart from this, PN Gadgil Jewelers is expected to raise Rs 1100 crore, Cross Limited Rs 500 crore and Tolins Tyres Rs 230 crore. The four companies want to raise a total of Rs 8,390 crore.
Small-mid cap companies will also enter the fray
Apart from the main IPOs, small and medium enterprises like Aditya Ultra Steel, Shubhshree Biofuels Energy, Share Samadhan, Gajanand International, SPP Polymers, Trafficsol ITS Technologies, Excellent Wires & Packaging, Innomet Advanced Materials and Envirotech Systems are launching IPOs next week. These companies plan to raise between Rs 12 and Rs 45 crore through public issues.
What are the experts’ advice?
Market analysts say that companies are using the primary market to raise capital for expansion plans, repay debt and give existing shareholders a chance to exit the company. There are many SME IPOs which do not have a solid track record nor are their financials strong but are getting very high subscriptions, in such cases there is a need to be cautious.
(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own, not of anytv. Here only stock performance information is given, it is not an investment advice. Investment in the stock market is subject to risks and consult your advisor before investing.)
