Seven new issues will be released in October


Mumbai: Keeping in view the positive trend seen in the IPO sector even amid the volatility in the stock market, seven more companies will enter the capital market with IPOs in the coming month of October worth Rs. It is likely to raise funds of over 1,000 crores.

It should be mentioned here that out of the 17 IPOs held in the current financial year, except for five, other companies are also active in entering the primary market considering the listing premium and 20 to 50 percent returns.

Globally, Indian stock markets have been ahead of other markets in terms of returns after Kovid-19. Along with the boom in the secondary market, the IPOs in the primary market also made money for the investors, so the investors are also active. Currently, 42 companies are waiting for IPO approval in SEBI. A record IPO is likely to be held by the end of the year if the approval is granted and the secondary market conditions remain favorable.

The market regulator has sought clarifications for many of the IPOs pending before SEBI for approval. Improvements in the secondary market can be a ray of hope for the IPO market. Because more than 20 IPOs have got SEBI approval but they are waiting for the right time.

New seven issues

Company

Issue Size (Approx.)

Inox Green

Rs. 740 crores

Lee Trevenue Tech

Rs. 1600 crores

Unipirtsai

Rs. 800 crores

Global Health

Rs. 2000 crores

Navi Techno.

Rs. 3325 crores

Senko Gold

Rs. 525 crores

Signature globe

Rs. 1000 crores

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