9 IPOs worth Rs 16,000 crore will come in August
Mumbai: The IPO market is booming right now. The boom that has been going on for a few months is expected to continue till the end of the current financial year. Paytm IPO will come in Diwali and then Life Insurance Corporation of India (LIC) will come up with the largest IPO in the last quarter. However, before that, by August 15, six companies will come up with their own IPOs. All this together can raise Rs 15,000 crore. At the same time, Baba Ramdev's interest could fetch Rs 200 crore through the Soya Follow-on Public Offer (FPO).
So far in 2021, there have been 3 initial public offerings (IPOs). They have raised more than Rs 2,000 crore. This is the second best year in which more money has been raised. In 2016, companies raised Rs 4.15 crore through this medium. The 7th IPO of Rolex Rings will open on July 7. The company will raise Rs 21 crore.
As the first issue in August, six companies are entering the market simultaneously. Divya International, Cartrade and Wind Glass Bio will launch IPO on August 4. While wind glass costs Rs. 500 crore, while Divyani International will raise Rs. 1,200 crore. Cartrade is entering the market for Rs 2,000 crore. Companies are entering the market at this time due to strong response from investors.
Nirma Group's Novoco will raise Rs 2,000 crore from the market. Its IPO may open on August 7. Aptus Value and Housing may also enter the market on August 8 for Rs 2,000 crore. Aptus has been cleared for issue by SEBI on Monday. Krishna Diagnostics is set to hit Rs 1,200 crore on August 11, while Arohan Financial will launch an IPO of Rs 1,200 crore on August 15.
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