The primary market (IPO Market) of the Indian stock market is growing at a record breaking pace these days. There is a race among companies to raise capital and investors are also ready to place bets in the hope of earning huge profits. According to the report of Moneycontrol, the country’s IPO market is going to be even more buzzing by the end of July. In the next few weeks, 5 big IPOs are going to hit the market, through which companies are preparing to raise a total of Rs 15,000 crore from the market. With this increasing inflow, the IPO pipeline is going to become stronger in the coming days. Let us also tell you which 5 IPOs are going to come by the end of July…
IPO worth Rs 15 thousand crores knocks
The primary market of India is booming, which has been continuously improving for the last two months and is going to get faster now. According to three people with knowledge of the matter, the IPO of SBI Funds Management is going to open next week and five more IPOs may come in the market by the end of July.
These companies are expected to raise a total of around Rs 15,000 crore. This list includes Caliber Mining and Logistics, Milky Mist Dairy Foods, Juniper Green Energy, Lohia Corp and Manipal Health Enterprises.
This improvement has happened gradually. Seven IPOs worth Rs 2,718 crore were launched in the market in June, and three issues have been launched so far in July – Knack Packaging, Kusumgar and Laser Power & Infra. Next week, both SBI Funds Management and Alpine Texworld are going to open their public issues.
IPO of these 5 companies will come
- Caliber Mining & Logistics, one of the top ten coal mining service provider companies in India, is expected to raise around Rs 500-600 crore soon.
- Tamil Nadu-based dairy company, Milky Mist Dairy Foods, is likely to raise around Rs 2,000 crore by the end of July.
- Juniper Green Energy, backed by AT Capital Group, will also launch its IPO soon, although the issue size has been reduced from the earlier planned Rs 3,000 crore to Rs 1,800 crore.
- Lohia Corp, a leading global maker of machinery and equipment for technical textiles, will launch an ‘offer-for-sale’ issue, which is expected to raise about Rs 500 crore.
- Manipal Health Enterprises, which runs the Manipal Hospitals chain, is also likely to launch an IPO worth Rs 9,500 crore. The third person said that these five IPOs are expected to raise a total of about Rs 15,000 crore.
Will keep an eye on these IPOs also
The third person said that Bengaluru-based Tonbo Imaging and Madhya Pradesh-based pharmaceutical and biotechnology company Symbiotech Pharmalab have also joined the growing list of companies preparing to hit the market in the last week of July and the first week of August, although the size of their issue may be less than previously planned. The person further said that Zepto Ltd. is also likely to join the bandwagon, but at a much lower valuation than the initial target.
Why did the IPO movement increase?
After a long lull, activity in the primary market picked up again when Jio Platforms and National Stock Exchange filed their draft papers last month. Experts say that the easing of the US-Iran dispute and falling crude oil prices are expected to support Indian markets in the future, even though there are signs of artificial intelligence trade weakening and foreign investors are showing interest in buying Indian equities again. July and August are generally among the busiest months for the primary market.
