New record in IPO filing: Scoda Tubes, Vikram Solar, 15 others submit DRHP with SEBI in a single day
As many as 17 companies (main board and SME) submitted their IPO documents with the SEBI in a single day on September 30.
As many as 17 companies (main board and SME) submitted their IPO documents with the SEBI in a single day on September 30.
Ahead of opening of the IPO, shares of Bajaj Housing Finance were commanding a GMP of 81% in the grey market. The GMP of Tolins Tyres and Kross was 13.27% and 20.83%, respectively.
SEBI says it gives an easy opportunity to the promoters to offload their holdings in such companies at elevated prices.
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).
Muthoot Microfin, Azad Engineering, Motisons Jewellers, Happy Forgings, Suraj Estate Developers, RBZ Jewellers, and Credo Brands will launch their IPOs this week.
IPO market continues to expand with 72 companies launching their issues so far this year, including 28 mainboards and 44 SMEs.
The three-day IPOs of Concord Biotech, Yudiz Solutions, and Sangani Hospitals will close on August 8.
From main board IPOs, ideaForge Technology will launch its public offer on June 26, Cyient DLM on June 27, and PKH Ventures on June 30
Despite the Budget’s booster dose, equity market is likely to remain the go-to option for small and medium units.