IPOs next week: One mainboard, 3 SME public issues and one listing to keep primary market busy
Market ahead: Q3 results, Red Sea crisis, inflation, FII activity among key market triggers to watch next week Nevertheless, analysts anticipate that the public offering by Jyoti CNC Automation will mark the commencement of a potentially active period in the initial share sale market. This momentum is expected to persist for a few months before a temporary hiatus coinciding with general elections. “CY2023 turned out to be an eventful year for the Indian primary market.
Although the start to the year was a bit bumpy, a lift in secondary market sentiments resulted in a pick-up in fund raising activity from Q2CY23 onwards. Market is likely to gain further momentum as more companies are now queuing up, the estimated raise is a cumulative amount of at least ₹1 lakh crore, which is more than double the amount raised in 2023. Reports suggest that, as on date, as many as 28 companies have already received a green signal from SEBI for their IPOs, aimed at raising over ₹30,000 crore.
Meanwhile, 36 other companies have submitted their draft red herring prospectuses (DRHP) with SEBI for approval. These companies plan to raise a cumulative amount of ₹50,000 crore," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.
According to multiple sources, Sebi has granted approval to 28 companies for their initial public offerings (IPOs), with the collective fundraising target exceeding ₹30,000 crore. Concurrently, 36 additional companies have submitted their draft IPO documents and are currently awaiting regulatory approval. Also read: MobiKwik IPO: 7 crucial things to know from DRHP The estimated fundraising for the current year is expected to surpass ₹1 lakh crore, marking a significant increase compared to the
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