The IPO craze is not over yet. About two dozen companies are going to bring IPO in this quarter. Most of these are technology companies.
Upcoming IPO: The January-March quarter can also prove to be great for those investing in IPO. Actually, many companies are coming with their IPO in the March quarter. Merchant bankers said that the IPO craze is not over yet and about two dozen companies are going to bring their IPO in this quarter. Most of these are technology companies. Under these IPOs, the companies want to raise around Rs 44,000 crore in total. Let us inform that in the year 2021, 63 companies have raised a record Rs 1.2 lakh crore through IPO.
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IPO of these companies is coming
- Merchant bankers said that hotel aggregator OYO (Rs 8,430 crore) and supply chain company Delhivery (Rs 7,460 crore) were among the companies that launched IPOs during the March quarter.
- In addition, he pointed out that Adani Wilmar (Rs 4,500 crore), Emcure Pharmaceuticals (Rs 4,000 crore), Vedanta Fashion (Rs 2,500 crore), Paradip Phosphates (Rs 2,200 crore), Medanta (Rs 2,000 crore) and Ixigo (Rs 1,800 crore) Companies like ) are also going to bring IPO.
- Merchant bankers further said that Skanray Technologies, Healthium Medtech and Sahajanand Medical Technologies may also bring their IPOs during this period.
- These companies are raising funds for organic and inorganic growth initiatives, debt repayment and exit to existing shareholders.
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Eklavya, Founder, Recur Club, said, “IPOs are brought out by companies through the public to raise capital, which increases the liquidity of the stock and at the same time shows the valuation.” LearnApp.com founder and CEO Prateek Singh said that tech companies now want to grow globally and they will need capital to do so. This capital is being raised through IPO.
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