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IPO Rush: ₹4,152 Cr Fundraising Expected
21 Sep
Summary
- Seven mainboard and 13 SME IPOs open for subscription this week.
- Total fundraising target for these offerings is approximately ₹4,152 crore.
- Elevate Campuses' ₹2,100 crore IPO is the largest among mainboard issues.
A significant wave of initial public offerings (IPOs) is set to captivate investors this week, with seven mainboard and thirteen SME offerings opening for subscription. These twenty issues collectively aim to raise approximately ₹4,152 crore, extending the robust momentum observed in the primary market. Among the mainboard offerings, Elevate Campuses' IPO is slated to be the largest, seeking to raise ₹2,100 crore.
This influx of IPOs follows a highly active previous week that saw five mainboard and six SME IPOs launch. The primary market will also witness the listing of six mainboard and eight SME companies this week, reflecting sustained activity. Manika Plastech is scheduled to list on September 21, with others like SS Retail and Hero Motors following on September 23. The week's IPO activity underscores a dynamic fundraising environment.
