There is an atmosphere of volatility in the Indian stock market. The Indian stock market closed in the red mark for the 7th consecutive day. The Sensex closed at 56,409, down 188 points. Nifty fell 15 points to the 16,843 level.
The Sensex has fallen more than 3,000 points in the last 7 days and investors have lost about Rs 15 lakh crore during this period. Despite this, at least 7 companies from different sectors are preparing to IPO this festive season.
These companies are planning to raise Rs 10,215 crore. According to the report of Prime Database, IPO activities are likely to pick up in the second half of the current financial year. Dozens of companies are ready to make public offers.
The first half of FY 2022-23 has not been good for IPOs. Despite LIC's IPO of 20,557 crores, between April and September, 14 companies raised only 35,456 crores from IPO, which is 32% less than 2021-22. In the first half of 2021-22, 25 companies contributed Rs 51,979 crore. Collect.
71 companies have received IPO approval from market regulator SEBI to raise Rs 1,05,000 crore. Apart from these, IPO proposals worth Rs 70,000 crore are currently under consideration by SEBI. In this way, preparations are going on to bring a total of 114 IPOs, out of which 10 IPOs are of new age technology companies. These companies will raise Rs 35000 crore.
Company IPO size
Navi Technologies 3,350
Medanta Hospital 2,000
ixigo 1,600
Uniparts India 1,000
Signature Global 1,000
inox green energy 740
Sanco Gold 525
Electronics Mart 500
(Amount in crores of rupees)
