India IPO Wave: 7 Companies Eye ₹6,400 Cr
By Business Desk
Seven Indian companies are gearing up to raise over ₹6,400 crore via IPOs next week, signaling strong market momentum. Discover the upcoming listings.
The Indian primary market is set for a significant surge, with seven companies collectively targeting to raise over ₹6,400 crore through initial public offerings in the upcoming week. This marks an active period for new listings, primarily through fresh issues.
Upcoming IPOs by the Numbers
The collective fundraising target highlights substantial market activity:
- ₹6,400 crore: Total amount projected to be raised by seven companies.
- ₹2,600 crore: Horizon Industrial Parks’ IPO size.
- ₹1,700 crore: Lalithaa Jewellery Mart’s issue size.
- ₹825 crore: Augmont Enterprises’ IPO size.
- ₹550 crore: Gaja Alternative Asset Management’s IPO size.
- ₹367 crore: Shankesh Jewellers’ IPO size.
- ₹282 crore: Sunshine Pictures’ IPO size.
Next Week’s Listing Schedule
Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart are both launching their IPOs on August 17. Horizon Industrial Parks aims for ₹2,600 crore, while Lalithaa Jewellery Mart seeks ₹1,700 crore.
Subsequent days will see more companies entering the market:
- August 18: Shankesh Jewellers and Sunshine Pictures will open their issues, targeting ₹367 crore and ₹282 crore respectively.
- August 19: Gaja Alternative Asset Management plans to raise ₹550 crore.
- August 20: Tempsens Instruments (India) will float its offering.
- August 21: Augmont Enterprises is set to launch its ₹825 crore IPO.
This series of offerings underscores a dynamic primary market. Funds from these IPOs are primarily being raised through fresh issues, signaling direct capital infusion into these businesses.