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IPO Frenzy: 8 Companies Eye Rs 11,000 Crore
12 Oct
Summary
- Eight initial public offerings are set to launch this week.
- Companies aim to raise a combined total of approximately Rs 11,000 crore.
- Zetwork Manufacturing leads with a Rs 5,000 crore fundraising target.
An active primary market awaits investors with eight initial public offerings (IPOs) preparing to launch. Six mainboard IPOs and two SME offerings are on the horizon, collectively aiming to raise approximately Rs 11,000 crore.
Zetwork Manufacturing is set to be the largest offering, targeting nearly Rs 5,000 crore through a combination of fresh issue and offer for sale. Bonfiglioli Transmission plans to raise around Rs 2,500 crore, while Tonbo Imaging India aims for Rs 1,500 crore.
The mainboard lineup also includes offerings from HD Fire Protect, Fusion CX, and Medical Technologies. The SME platform will feature listings from Ravita Engineering Services and Vaibhav Vyapaar, seeking Rs 110 crore and Rs 40 crore, respectively, further contributing to the market's bustling activity.
