Like August, there is going to be a flood of IPOs in September once again. A total of 10 companies can raise around Rs 12,500 crore from the market. In August, eight companies had raised Rs 18,200 crore.
In the first week of August, 4 IPOs were opened in a day. Whereas in the second week also 4 IPOs were open in two days. The biggest issue in this was Nuvoco Vista's 5 thousand crore rupees. Aditya Birla Sun Life Mutual Fund, Utkarsh Small Finance Bank are among the major companies that went for IPO in September. In the market boom, companies expect the IPO to get a good response.
The Bombay Stock Exchange (BSE) Sensex has reached a new high. It has crossed the figure of 57 thousand today. The issues of Vijaya Diagnostics and Ami Organics will open on September 1. Together the two companies can raise Rs 2,465 crore. Both these issues will close on 3rd September. In this, Vijaya Diagnostics will raise Rs 1,895 crore and Ami Organics will raise Rs 570 crore.
Apart from this, companies like Aarohan Financial, Penna Cement, Paras Defense, and others will also enter the market. Patanjali's Ruchi Soya may raise Rs 4,500 crore through a follow-on public offer (FPO). FPO brings in the company which is already listed. She raises money by selling existing shares.
Recently SEBI has approved the issue of GoFirst (GoAir). The company will raise Rs 3,500 crore. While Supriya Life Sciences, Seven Iceland are also in line. Market experts say that there may be some fall in the market in the coming time, but it will be minor. The market trend will remain bullish.
Birla Mutual Fund may raise Rs 2,000-2,500 crore. While Fincare Small Finance Bank can raise Rs 1,330 crore, Bajaj Energy Rs 5,450 crore, Supriya Life Science Rs 1,200 crore, Penna Cement Rs 1,550 crore, Utkarsh Small Finance Rs 1,350 crore, and Seven Iceland Rs 400 crore from the market.
If Paytm and MobiKwik get approval from SEBI, then these companies can also come into the market in September itself. If both the companies come, then in September itself, companies can raise more than 40 thousand crore rupees through the issue.
On the other hand, Ola is also preparing for IPO. The company can raise Rs 15,000 crore from the market. Japan's SoftBank has an investment in it. The company has selected merchant bankers for this. It is believed that by the end of this year or early next year, the company can bring an IPO. Its application can be filed with SEBI by the end of October.
In March this year, Ola was valued at $3.3 billion. However, by the end of the year, its valuation could be $ 8 billion. This is because its valuation had decreased in March due to Corona. Earlier the startup company Zomato has been listed. While companies like Nykaa, Paytm, Policybazaar, MobiKwik are preparing to be listed.
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