IPOs This Week: Protean eGov Tech IPO to ROX Hi-Tech IPO; 4 new issues, 8 listings to keep primary market buzzing
IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, November too sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. In the primary market last week, mainboard IPO of Cello World, Honasa Consumer and ESAF Small Finance Bank opened to raise ₹4,064 crore.
‘’In terms of the number of IPOs, India’s share in the global pie has increased sharply. In 2021, India’s share in the total number of IPOs globally stood at 6 per cent. It surged to 11 per cent in 2022.
In the first half of 2023, India’s share in the number of global IPO’s has rose to 13 per cent,'' said said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd, a mid-market investment bank. Also Read: Protean eGov Technologies IPO: Firm mobilises ₹143.5 crore from anchor investors ahead of issue ‘’India’s IPO sector is booming with the country emerging as the global leader in the number of public offers this year.
The stampede to market is expected to keep going well into 2024 with investors encouraged by strong listing gains and a robust economy. This month alone, there are 14 IPOs slated. So far during 2023 YTD, 39 IPOs hit the street and raised ₹35,131.96 crore,'' added Lunawat ‘’Next week looks promising, as the focus is on Protean eGov Technologies and ASK Automotive are opening to raise ₹1,324 crore of funds,'' said the analyst.
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