IPO Rush: 9 issues to raise around Rs 7,100 crore this week

Mumbai: The primary market is set for another busy week, with seven mainboard IPOs and two SME issues scheduled to open, collectively seeking to raise around ₹7,100 crore. This compares with five mainboard IPOs and eight SME issues that hit the market last week, raising a combined ₹7,900 crore.

Among the mainboard offerings, Horizon Industrial Parks is set to be the largest, with an IPO size of ₹2,600 crore, followed by Lalithaa Jewellery Mart, which is looking to raise ₹1,700 crore. Other mainboard IPOs scheduled to open during the week include Augmont Enterprises, Tempsens Instruments India, Gaja Alternative Asset Management, Shankesh Jewellers and Sunshine Pictures.

The SME segment will see a relatively quieter week, with two IPOs - Dhanwel Hybrid Seeds and Mopshop Distribution - scheduled to open. Together, the two issues are expected to raise a little over ₹50 crore.

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The IPO pipeline has remained strong through August. So far this month, 15 mainboard IPOs have hit the market, raising around ₹17,460 crore. In the SME segment, 14 IPOs have been launched, collectively raising more than ₹807 crore.