If you are planning to invest in the stock market, keep your money safe in your pocket. Next week, 8 IPOs will be taking place. In which one IPO will be from the mainboard segment and 7 IPOs will be from the SME segment. On the other hand, 11 companies will also be going public. According to experts, both domestic and foreign investors are investing their money in Indian stocks. Due to continuous investment, there is an increase in the valuation of the Indian stock market. At present, India is the fifth largest stock market in the world. Let us also tell you which companies are coming with their IPO next week.
acms drugs and ipo pharmacy
The IPO size of Delhi-based Acums Drugs and Pharmaceuticals is Rs 1,857 crore, the subscription for which will open on July 30 and close on August 1. There are new shares worth Rs 680 crore in this IPO. While OFS of 1.73 crore shares is included. The price range of the IPO is Rs 646 to Rs 679. Axis Capital, ICICI Securities, Citigroup Global Markets India and Ambit are the lead managers of the issue while Link Intime India is the registrar of the offer.
7 SME IPOs
Around five SME IPOs (Bulkcorp International, Sathlokhar Synergis, Kizie Apparels, Ashapura Logistics, Rajputana Industries) will open for subscription on July 30 and close on August 1.
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Sathlokhar Synergis’ Rs 93 crore IPO is the largest, followed by Ashapura Logistics, which plans to raise around Rs 52.66 crore. Apart from this, Utsav Gold and DhariwalCorp’s IPOs will open for subscription on July 31 and August 1 respectively.
34 IPOs in the first 6 months
The IPO market has seen a boom in 2024. As of July 1, 2024, 34 companies had launched their IPOs in the primary market in the first six months. These 34 companies have raised over Rs 31,000 crore through IPO this year. What is interesting is that 75 percent of the companies that went public this year have given good returns to their shareholders.
In particular, the shares of five of these companies have more than doubled or even tripled in just six months since their IPOs. By 2023, 58 companies had launched their IPOs. This year, in the first six months alone, the number has reached 34, more than half of last year’s total.
