stock market Amidst the ongoing economic boom, there is a race among companies to launch IPOs to raise funds. A total of 13 companies have filed papers with market regulator SEBI for IPO approval in just one day. If the applications of all these companies get the approval of the Securities and Exchange Board of India (SEBI), then these companies will raise about Rs 8000 crore through IPO.
There are companies from different sectors
All these companies which have filed papers for IPO with SEBI are said to be from different sectors. In many of these IPOs, along with the new issue, the existing promoters have also proposed OFS. Vikram Solar, Aditya Infotech and Varindra Constructions are among the companies that have filed draft documents for IPO approval with SEBI.
These names are included in the companies which have submitted papers with SEBI
Other companies that have filed papers with SEBI include Ajax Engineering, Rahi Infratech, Vikran Engineering, Midwest, Vini Corporation, Sambhav Steel Tubes, Jarrow Institute of Technology Management and Research, All Time Plastics Limited, Skoda Tubes and Dave Accelerator. 13 companies applying for IPO approval in a single day shows the increasing confidence of companies towards the Indian market.
IPOs of 62 companies have come this year
Let us tell you that so far this year, 62 companies have raised a total of Rs 64,000 crore through their IPOs. This is 29 percent more than the Rs 49,436 crore raised through 57 IPOs in the entire year 2023. Munish Agarwal, head of equity capital markets at financial services firm Equiras, said that if there is no major shock in the global economy due to any major event, then the bullish phase in the domestic market is expected to continue in the year 2025.
Hyundai, Swiggy are also coming with IPO
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