India Inc to raise over Rs 1.5 lakh crore via IPOs
It’s raining IPOs (Initial Public Offer) this year amid bullish sentiments prevailing on the Dalal Street. India’s IPO market has been setting new records with 41 companies having raised Rs 69,391 crore till September 30. Analysts believes that more than Rs 1.5 lakh crore in funds would be raised in the current fiscal year.
Among the prominent IPOs in the pipeline includes Hyundai Motor (Rs 26,505 crore-Rs 27,856 crore), Swiggy (Rs 10,414 crore), NTPC Green Energy, a subsidiary of state-owned power giant NTPC (Rs 10,000 crore) electric two-wheeler maker Ather Energy(Rs 4500 crore) and Vikram Solar (Rs 1,500 crore).
Compared to current fiscal, there were 78 IPOs in last fiscal, (including REIT / INVIT issues), which raised Rs 67,561 crore from the market.
The IPOs are being launched during a period when the Indian stock markets are experiencing record highs. Analysts believe with markets at all-time high, the IPO wave is expected to continue, with major listings like Hyundai and Swiggy on the horizon.
In a recent milestone, 15 companies submitted their IPO documents on the final day of September 2024, bringing the total filings for the month to 41 – the highest ever recorded in a single month.
