Amid the current stock market decline, a spectacular recovery was seen on Friday. Both Sensex and Nifty recorded a huge jump of 2 per cent. Now some experts assume that the Indian market could rise again. Merchant bankers say 10 companies, including supermarket Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemological Institute (India) Limited, are preparing to launch a public issue next month, i.e. in December. .
These companies will show their talent on Dalal Street
They also include education-focused non-banking financial company (NBFC) Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare and investment bank DAM Capital Advisors, it said.
The target is Rs 20,000 crore.
These companies aim to raise a total of Rs 20,000 crore through public issue. These IPOs will be of different sectors and sizes. These include both the issuance of new shares and the offer for sale (OFS). Trivesh D, chief operating officer (COO) of online brokerage house Tradejini, said the Maharashtra election results have created a positive sentiment in the market. This will accelerate IPO activities. He said 2024 has been a good year for IPOs. However, the stock market has had some problems lately.
read this too
He said currently election-related funds are returning to the market and the gray market is becoming active again. Companies are turning to the primary market to provide an exit route to existing shareholders, raise funds for expansion plans, repay debts and support working capital requirements.
Vishal Mega Mart will also bring IPO
As per updated IPO documents, Vishal Mega Mart plans to raise Rs 8,000 crore from the public issue. This will be entirely in the form of offer for sale (OFS) from the promoter Samayat Services LLP. The Gemological Institute hopes to raise Rs 4,000 crore through the IPO. The initial share sale includes a fresh issue of shares worth Rs 1,250 crore and an offer for sale worth Rs 2,750 crore by Blackstone subsidiary BCP Asia Two Topco Pte Ltd, filings show. the IPO.
Avanse Financial Services aims to raise Rs 3,500 crore with the IPO. In this regard, up to Rs 1,000 crore will be raised through the issuance of new shares. Additionally, it includes OFS of up to Rs 2,500 crore. Additionally, diagnostics chain Security Diagnostics, packaging equipment maker Mamta Machinery and Transrail Lighting will file their respective IPOs next month.
So far these companies have proven their strength in the market.
This year, 75 companies, including Hyundai Motor India, Swiggy, NTPC Green Energy, Bajaj Housing Finance, Ola Electric Mobility and Brainbees Solutions, the parent company of FirstCry, have already collectively raised around Rs 1.3 lakh crore through Main platform IPO. This is much more than the amount of Rs 49,436 crore raised by 57 companies through this route in the entire 2023.
30 more companies could list this year
Looking ahead, more than 30 IPOs are expected in the coming months. IPO investors have made significant profits in the last five years. Trivesh said 236 IPOs were launched between financial years 2020-21 and 2024-25. There has been an average profit of 27 percent on the day of listing.
