IPO rush continues: 16 companies to raise over Rs 7,190 crore this week
India's primary market is gearing up for an exciting week, with 16 companies ready to launch their IPOs. Aiming to gather over 7,000 crore rupees, this includes 12 mainboard and 4 SME offerings. Following a strong August performance, confidence re...
By ET Bureau | Updated:
IANS
IPO fundraising also remained robust in August, with 23 mainboard issues raising around Rs 22,456 crore
Mumbai: India's primary market is set for yet another busy week, with 16 companies, including 12 mainboard and four SMEs, looking to raise more than ₹7,190 crore as they seek to ride the ongoing IPO wave.
The mainboard IPOs lined up for the week from September 7 to 11 are Pranav Constructions, Glass Wall Systems India, Prasol Chemicals, Kanohar Electricals, Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects, Karamtara Engineering, Rentomojo, Asset Reconstruction Co India, Veegaland Developers and Manika Plastech.
In the SME segment, Apana Logistics, Infrax Renewable, Vinod Texworld and Amtech Esters will launch their IPOs.
IPO fundraising has remained robust so far in September, with 14 mainboard issues raising around ₹7,640 crore. This follows a strong August, when 23 mainboard IPOs raised around ₹22,456 crore. In the SME segment, seven IPOs have raised ₹260 crore so far in September, compared with 23 issues that raised around ₹1,159 crore in August.
