IPO Frenzy To Continue In March Quarter As 23 Companies To Unveil Public Issues
NDTV
As many as 23 companies are ready to bring in their public offers in the March quarter of the current fiscal
Even as markets regulator Securities and Exchange Board of India (SEBI) has decided to tighten rules for initial public offers (IPOs) to control extreme volatility in stock prices on their listing day and also to cap their proceeds, which are earmarked for making future acquisitions, as many as 23 companies are ready to bring in their public offers in the March quarter of the current fiscal.
In all, these companies aim to raise around Rs 44,000 crore through the IPO route, with technology-driven companies leading the pack. This comes after 63 companies mopped up a record Rs 1.2 lakh crore in 2021 through initial public offerings (IPOs) even as the Coronavirus pandemic impacted the domestic economy.
Hotel aggregator OYO (Rs 8,430 crore), Adani Wilmar (Rs 4,500 crore), Emcure Pharmaceuticals (Rs 4,000 crore), Vedant Fashions (Rs 2,500 crore), Paradeep Phosphates (Rs 2,200 core), Medanta (Rs 2,000 crore) and Ixigo (Rs 1,800 crore) are some of the key entities which are expected to float their initial share-sales during the March quarter, merchant bankers said.
Some other companies which will also come up with their IPOs during this period include, Mobiwik, Skanray Technologies, Healthium Medtech, and Sahajanand Medical Technologies among others, merchant bankers further informed.
