Hyundai’s IPO will make history
If you also win from the IPO, this news may be useful to you. India’s IPO market is emerging rapidly. Applications from companies arrive at the market regulator SEBI every day. Nowadays there is a race in the Indian stock market to raise funds through IPO. On Monday, 13 companies submitted their IPO documents to SEBI. If SEBI approves these applications, these companies may be ready to raise around Rs 8,000 crore.
These companies are associated with different sectors, many of which propose to sell their existing shares along with the issuance of new shares. These include major companies like Vikram Solar, Aditya Infotech and Varindra Construction. Apart from this, Ajax Engineering, Rahi Infratech, Vikran Engineering, Midwest, Vini Corporation, Sambhav Steel Tubes, Jarrow Institute, All Time Plastics and Skoda Tubes are also among the companies that have filed papers.
An IPO avalanche is coming
According to experts, this trend reflects the growing confidence of investors in the Indian market. So far this year, 62 companies have raised Rs 64,000 crore through their IPOs, up 29% from last year. Merchant bankers say that in the coming months, companies like Hyundai Motor India, Swiggy and NTPC Green Energy are also preparing to raise Rs 60,000 crore through IPO.
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Who will raise how much funds?
Vikram Solar’s IPO will be valued at Rs 1,500 crore, while Aditya Infotech plans to raise Rs 1,300 crore. Varindra Construction’s IPO will be valued at Rs 1,200 crore. The proposed IPO of Vikran Engineering will be valued at Rs 1,000 crore. Kolkata-based Rahi Infratech plans to raise Rs 420 crore through an IPO. Sambhav Steel Tubes’ IPO will be valued at Rs 440 crore. Jarrow Institute’s IPO will be valued at Rs 570 crore. The proposed IPO of All Time Plastics will be valued at Rs 350 crore. At the same time, the Skoda Tubes IPO will be valued at Rs 275 crore.
