India's real estate IPOs double, raising ₹13,500 cr by Oct 2024
Driven by HFCs and REITs, real estate IPOs in 2024 have doubled last year's capital raised, reflecting investor confidence
Driven by HFCs and REITs, real estate IPOs in 2024 have doubled last year's capital raised, reflecting investor confidence
IPOs of Waaree Energies and Deepak Builders and Engineers garnered strong response from retail as well as non-institutional investors.
The 1-month lock-in period will expire for 11 stocks, including Bajaj Housing Finance, Diffusion Engineers, Tolins Tyres, Kross, and Western Carriers.
The average listing day gains of the 30 IPOs listed in FY25 (as of September 10) is 33.5%, which increased from 29% in FY24 and 9% in FY23.
Among main board IPOs, the public issue of ₹4,326 crore by Mankind Pharma was the largest in FY24, followed by Tata Tech (₹3,043 cr) and JSW Infra (₹2,800 cr).
The IPO is completely an OFS of 15% stake by the Government of India through Telecommunication Consultants of India.
Krystal Integrated Services raised ₹300 crore from IPO, which was subscribed 13.49 times
The share price of Popular Vehicles and Services listed at ₹289.20 on the NSE, down 1.96% against the IPO price of ₹295 apiece.
The ₹2,500 crore IPO of Bharat Highways InvIT will open for subscription today at a price band of ₹98-100 per share.
Ahead of the IPO, Exicom Tele-Systems raised ₹178 crore from anchor investors, while Platinum Industries garnered ₹70.59 crore from anchor book.