IPO rush continues: 20 issues to raise over Rs 4,152 crore this week
Investors can look forward to a bustling week as seven mainboard and thirteen SME IPOs roll out for subscription. Together, these offerings project a hefty fundraising target of approximately ₹4,152 crore. Elevate Campuses' significant ₹2,100 cror...
Seven mainboard and 13 SME initial public offerings (IPOs) are scheduled to open for subscription between September 21 and 25, extending the momentum in the primary market fundraising. The 20 issues have a combined issue size of around ₹4,152 crore.
This follows five mainboard and six SME IPOs that opened for subscription last week, with a combined issue size of around ₹24,563 crore. NSE's ₹22,561-crore IPO-the largest this year-is set to close on Monday. The issue has been fully subscribed. Among the mainboard issues this week, Elevate Campuses' ₹2,100 crore IPO will be the largest. All the other issue sizes are below ₹1,000 crore.
The week will also see six mainboard and eight SME companies that launched their IPOs last week list on the exchanges.
Among the mainboard companies, Manika Plastech will list on September 21, while SS Retail, Hero Motors and Jindal Supreme India will list on September 23. NSE and Sonaselection India will list on September 24.
Among SME companies, Injecto Polymers and Century Business Media will list on September 21. Vama Wovenfab, Shakti Polytarp and Quanto Agroworld will list on September 22, followed by SpectrA Technology Solutions and Kheria Autocomp on September 24 and Axiom Gas Engineering on September 25.
