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IPO buzz next week as 13 companies hit primary mkt to raise Rs 8,644 cr

By Business Standard - 3 months ago
The IPO market will be bustling next week, with four companies, including Bajaj Housing Finance, set to launch their initial share-sale to raise a total of Rs 8,390 crore. Besides these four main-board IPOs, nine SMEs are preparing to debut with their maiden public issues next week, targeting to collect Rs 254 crore. Together, these 13 firms are looking to raise Rs 8,644 crore through IPO. Munish Aggarwal, Managing Director Head - Equity Capital Markets, Equirus, expects the next two weeks to be hectic in terms of issuance activity in IPO markets. "While this seems to indicate that the markets are overheating, we believe that this is more symptomatic of the attempt by most issuers who have valid Sebi observations and decent traction with investors to try and utilize their financials for Fiscal 2024 to launch IPOs," he said. According to Sebi, financial data in the Red Herring Prospectus (RHP) must be less than six months old at the time of the IPO. Therefore, September is the last

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