Rs 4,000 crore offering! 3 mainboard, 13 SME IPOs to rev up primary market next week
IPO market frenzy continues with three mainboard offers and as many as 13 SME issues opening for subscription in the next week, planning to raise a total of nearly Rs 4,000 crore.
Last week, three mainboard issues Signature Global, Sai Silks and Manoj Vaibhav Gems Jewellers hit the markets to raise over Rs 2,200 crore from investors.
The primary market remained unfazed even amid mixed global trends. A push provided by foreign institutional investors (FIIs), consistent corporate growth, and steady monsoon predictions are some of the factors that led to such buoyancy, said analysts.
Here's a look at how the next week is poised.
JSW Infrastructure
JSW Infrastructure, through its IPO, is planning to raise Rs 2,800 crore and it is by far the biggest public offer in the month of September.
It is also the first debut from the JSW Group in 13 years since the listing of JSW Energy in 2010.
JSW Infrastructure is the fastest growing port-related infra company in terms of growth in installed cargo handling capacity and cargo volumes handled during FY21-23, and the second largest domestic commercial port operator by cargo handling capacity in FY23.
The IPO, which will be run from September 25-27, is completely a fresh issue worth Rs 2,800 crore.
