There will be a lot of activity in the IPO market, 13 companies are bringing issues to raise Rs 8,644 crore
New Delhi: The IPO market will see a lot of activity next week. 4 companies including Bajaj Housing Finance are bringing initial public offerings. Through this, the companies plan to raise a total of Rs 8,390 crore. Apart from these 4 main IPOs, 9 SMEs are preparing to bring their first public offering next week. These small and medium enterprises (SMEs) have a target of raising a total of Rs 254 crore. Overall, these 13 companies plan to raise Rs 8,644 crore through IPO. Munish Agarwal, Managing Director of Aquirus, said that the next 2 weeks will see a lot of activity in the IPO market. He said, ‘Although this suggests that the market is very bullish, we believe that the companies bringing IPOs want to take advantage of the situation, which also have valid comments from SEBI and good attraction on the investors’ front.
They are trying to use the financial data of FY 2023-24 to bring IPO.’ Bajaj Housing Finance is among the 4 IPOs to be listed on the main stock exchange. The company plans to raise about Rs 6,560 crore. Apart from this, PN Gadgil Jewelers is expected to raise Rs 1,100 crore, Cross Ltd. Rs 500 crore and Tolins Tyres Rs 230 crore. The IPOs of Bajaj Housing Finance, Cross Ltd. and Tolins Tyres will open for application on September 9 and close on September 11, while the initial public offering of PN Gadgil Jewelers will open on September 10 and close on September 12. Arcade Developers may bring IPO on September 16.
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