NEW DELHI: Hectic fundraising through initial public offerings (IPOs) is expected in October-November, with at least 30 companies are looking to collectively raise over Rs 45,000 crore through initial share-sales, merchant banking sources said.
Of the total fundraising, a large chunk would be garnered by technology-driven companies.
The successful IPO of food delivery company Zomato, which was overwhelmingly subscribed by over 38 times, encouraged new-age tech companies to come out with their primary share-sales.
Historically, companies like Zomato have raised funds from private equity players and the IPO has opened up a new source of funding for new-age tech companies, Jyoti Roy, deputy vice-president (equity strategist) of Angel One, said.
The firms that are expected to raise funds through their IPOs during October-November include Policybazaar (Rs 6,017 crore), Emcure Pharmaceuticals (Rs 4,500 crore) Nykaa (Rs 4,000 crore), CMS Info Systems (Rs 2,000 crore), MobiKwik Systems (Rs 1,900 crore), the merchant banking sources said.
In addition, Northern Arc Capital (Rs 1,800 crore), Ixigo (Rs 1,600 crore), Sapphire Foods (Rs 1,500 crore), Fincare Small Finance Bank (Rs 1,330 crore), Sterlite Power (Rs 1,250 crore) RateGain Travel Technologies (Rs 1,200 crore) and Supriya Lifescience (Rs 1,200 crore) may float their IPOs during the period under review, they added.
This story is from the September 27, 2021 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 27, 2021 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Video of Aamir Khan warning against rhetoric fake'
According to his spokesperson, he reported the matter to authorities and filed an FIR with the Cyber Crime Cell of the Mumbai Police
RCB-SRH game was one of sixes, not of batsmanship: Finch
Sunrisers Hyderabad and Royal Challengers Bengaluru unleashing a barrage of sixes in their IPL match left little room for batsmanship and what mattered was who hit the most number of sixes, said Australia's T20 World Cup-winning skipper Aaron Finch.
Buttler's sensational ton helps RR pull off record chase in IPL
Jos Buttler swung his bat merrily on way to a 60-ball 107 and single-handedly lifted Rajasthan Royals to a sensational two-wicket victory over Kolkata Knight Riders, pulling off the IPL's biggest run chase here on Tuesday.
Apple's iPhone exports from India almost doubled to $12.1 bn in FY24'
Apple's iPhone exports from India almost doubled to USD 12.1 billion in 2023-24 from USD 6.27 billion in the preceding fiscal, trade intelligence platform The Trade Vision said on Tuesday.
Mutual fund assets soar 35% to record Rs 53.4 lakh crore in last financial year
Women comprised about 23% of investors, while men accounted for around 77%
Markets slump for third day on fears of escalating tensions in Middle East
Equity benchmark indices Sensex and Nifty continued to slump on Tuesday dragged down by heavy selling in IT stocks amid weak global trends and fears of escalating tensions in the Middle East.
Petrol demand surges 7% in early April, diesel sales dip by 9.5%
Onset of a harsh summer season is likely to crank up fuel demand
Govt eyes separate norms for civilian and industrial drones
The civil aviation ministry will look at having a differentiated regulatory framework for drones used for civilian and industrial purposes, a senior official said on Tuesday as he pitched for indigenous development of the drone ecosystem.
IMF raises India's growth projection to 6.8% in 2024
Global growth, estimated at 3.2% in 2023, ts projected to continue at the same pace in 2024 and 2025
Middle East on edge after Israel vows 'response' to Iran strikes
Israel and Iran traded threats after Tehran's first ever direct attack on its arch foe sharply heightened Middle East tensions and as the Gaza war ground on with no truce in sight.