Upcoming IPOs: 30 companies could float public issues in Oct-Nov, check complete list
Zee News
30 companies are planning to collectively raise more than Rs 45,000 crore with the upcoming IPOs.
New Delhi: Hectic fundraising through upcoming IPOs is expected in October-November, with at least 30 companies are looking to collectively raise over Rs 45,000 crore through initial share-sales, merchant banking sources said. Of the total fundraising, a large chunk would be garnered by technology-driven companies.
The successful IPO of food delivery company Zomato, which was overwhelmingly subscribed by over 38 times, encouraged new-age tech companies to come out with their primary share-sales.
Historically, companies like Zomato have raised funds from private equity players and the IPO has opened up a new source of funding for new-age tech companies, Jyoti Roy, deputy vice-president (equity strategist) of Angel One, said.