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Indian Stock Market: 20 IPOs to Raise Rs 1,292 Crore This Week

By Market DeskIndian Stock Market: 20 IPOs to Raise Rs 1,292 Crore This Week

Indian primary and secondary markets brace for a busy week with 20 IPOs targeting Rs 1,292 crore and key corporate actions from major stocks like SAIL and IGL.

The Indian primary and secondary markets are set for a highly active week. The primary market is witnessing a surge in activity with 20 initial public offerings scheduled to open, aiming to raise approximately Rs 1,292 crore, comprising four mainboard IPOs and 16 SME offerings.

Primary Market Funding Targets

  • Total fundraising target: Rs 1,292 crore
  • Mainboard IPOs target: Rs 595 crore
  • SME IPOs target: Rs 697.20 crore

Mainboard And Secondary Market Action

Simultaneously, the secondary market is seeing significant corporate action, with ten major stocks, including SAIL and IGL, undertaking key corporate actions. The four mainboard companies entering the market include SRIT India, Vishal Nirmiti, Nityas Gems and Jewellery, and Shah Investor’s Home.

  • SRIT India IT services firm seeking Rs 218 crore
  • Vishal Nirmiti infrastructure firm planning Rs 178 crore
  • Nityas Gems and Jewellery targeting Rs 108 crore
  • Shah Investor’s Home retail broking firm aiming for Rs 90.17 crore

SME Sector Fundraising

Additionally, 16 companies are scheduled to tap the SME market, including firms such as Acme India Industries, Paramount Syntex, and EverestIMS Technologies, among others, contributing to the remaining Rs 697.20 crore of the week’s fundraising target.

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