From Oyo to Tata Tech, around 28 IPOs worth ₹38,000 crore in pipeline in second half of FY24

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₹38,000 crore with their listing. Other than this, extra 41 companies are awaiting SEBi's approval to launch initial public offerings worth ₹44,000 crore, reported PTI citing a report. Fund raising through initial public offerings or IPOs fell 26 per cent to ₹26,300 crore in the first half of the current fiscal, despite the number of issues more than doubling to 31, from 14 issues with the total mop-up of ₹35,456 crore in the year-ago period, according to Primedatabase.

Remaining months of the current financial years will witness major IPOs like Oyo, Tata Technologies, JNK India, Dom Industries, Apeejay Surrendra Park Hotels, Epack Durables, BLS E-Services, India Shelter Finance Corporation, Cello World, RK Swamy, Flair Writing Industries, Go Digit Insurance, and Credo Brands Marketing, according to leading brokerage firm Angel One. Out of the total firms planning to debut Indian bourses, three new-age technology firms are collectively planning to mop up ₹12,000 crore, Pranav Haldea, Managing Director of Prime Database told PTI. Investors are pinning their hopes on OYO IPO and Go Digit Insurance.

Oyo is said to be looking to mop up over ₹8,300 crore and Go Digit Insurance, cccording to marketmen. As against this, the first half saw only one tech issue by Yatra which had raised ₹775 crore in late September. The bumper issues in the previous fiscal were Paytm, Zomato and Nykaa.

According to Haldea, notwithstanding the present volatility in the secondary market, the next half is likely to see several IPOs being launched before a pause on account of the general elections. Other than Oyo, Tata group will launch its first IPO after 19 years. Before Tata Tech IPO, Tata group had successfully listed TCS in 2004.