indian stock market There is a huge craze among investors regarding IPO. Due to this, IPOs are being issued by companies one after the other. Let us tell you that so far in May, companies have raised Rs 9,606 crore from IPO. This is 95 percent more than last month’s figure of Rs 4,924 crore. Four IPOs worth more than Rs 1,000 have come in May. The biggest IPO in this was that of Aadhar Housing Finance, which had raised about Rs 3,000 crore from IPO. Rs 2,615 crore has been raised by Go Digit General Insurance and Rs 1,842 crore has been raised by Indigene.
OFS and fresh issue dominate
At the same time, TBK Tech was the fourth largest IPO of May 2024 with an amount of Rs 1,550 crore. Of the funds raised in all the IPOs in May, Rs 6,400 crore was raised under OFS and Rs 3,404 crore was raised under fresh issue. Among all the IPOs this month, TBO Tech IPO had the highest subscription of 86.69 times. After this, Indigene IPO was subscribed 70.3 times, Aadhaar Housing 26.76 times and Go Digit’s IPO was subscribed 9.6 times. In the last eight months, the highest number of public issues were seen in September 2023. A total of 14 mainboard IPOs came during this period. They had collected a total amount of Rs 11,892.78 crore.
About 29 in five months IPOs listed
Let us tell you that from January 2024 to May, 29 companies have been listed in the IPO market so far. All these IPOs have been main board IPOs. SME and other IPOs have not been included in this. Companies have raised about Rs 27,652 crore from these IPOs. The process of IPOs is likely to intensify in the coming days.
Input: IANS
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