Get ready to invest in IPO. There is going to be a flood of IPOs in the primary market. More than two dozen companies are hoping to launch IPOs in the next two months. The target of these companies is Rs 30,000 crore. Investors’ expectations from the NDA government led by Prime Minister Narendra Modi for the third consecutive time have again increased. It is believed that the coming time will be better in terms of stable governance and policies under the new government. According to the news of Economic Times, investors are eager to buy new shares.
IPOs of these companies will come
According to the news, bankers say that the companies launching IPOs in the next one to two months include Afcons Infrastructure, Emcure Pharmaceuticals, Allied Blenders and Distillers, Ashirvad Microfinance, Stanley Lifestyle, Wari Energies, Premier Energies, Shiva Pharmachem, Bansal Wire Industries, One Mobikwik Systems and CJ Darkal Logistics. About 18 companies have received approval from the Securities and Exchange Board of India (SEBI) to launch initial public offerings (IPOs), under which they will collectively raise more than Rs 20,000 crore. Another 37 companies have filed draft red herring prospectus (DRHP) with the market regulator to raise more than Rs 50,000 crore and are awaiting approval.
First IPO after general elections
The IPO of online travel platform ixigo, the first after the general elections, was fully subscribed within hours of opening on Monday due to strong demand from retail investors. The Rs 740 crore public issue will close on Wednesday. Experts say that the market, excited by the return of the Modi government, expects policy continuity with an emphasis on infrastructure spending and domestic manufacturing to support strong economic growth. As a result, many companies are now planning to launch their IPOs in the near future amid strong domestic flows.
Intense preparations are underway
Allied Blenders & Distillers, India’s third-largest Indian-made foreign liquor (IMFL) maker, plans to enter the capital markets in the second half of this month, aiming to raise about ₹1,500 crore. Generic drug maker, Emcure Pharmaceuticals, plans to launch a ₹2,200-2,300 crore IPO by the end of this month, having received SEBI’s approval earlier this week. Afcons Infrastructure, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, may launch its maiden public offering next month to raise ₹7,000 crore.
Ola Electric IPO in the next few weeks
Ola Electric’s ₹5,500 crore IPO is expected in the next few weeks. Photovoltaic (PV) solar panel maker Waaree Energies is likely to go public in a few weeks with a fresh issue of Rs 3,000 crore and an offer for sale (OFS) of up to 3.2 million shares from existing investors. Also, India’s second-largest integrated solar cell and solar module maker Premier Energies plans to bring its public issue soon, comprising a fresh issue of Rs 1,500 crore and an OFS of up to 28.2 million shares.
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