IPO market drought will end, 9 companies will raise 17 thousand crores in one and a half month

Upcoming IPO Update: There is no significant movement in the IPO market for the last 02 months. Due to the changed trend in the stock markets, many companies have also postponed their preparations to raise funds. However, this drought of the IPO market is going to end soon. During the next one to one and a half months, about 9 companies are going to bring their IPO in the market and these companies are preparing to raise more than 17 thousand crore rupees through IPO.

Earlier IPO came in December

Actually, some companies had brought IPO about two months back in December. However, amid the poor performance of the stock market, these IPOs could not woo the investors. This is the reason why the companies standing in the queue to bring IPO have become alert. Anyway, when there is a slowdown in the market, then the activities in the IPO market reduce.

These companies are bringing IPO

According to the data, during the next 4 to 6 months, the companies which are preparing to bring IPO in the market include Avalon Technologies, Capillary Technologies, Cogent Systems, Divji Torque Transfer Systems ( Divgi TorqTransfer Systems), Mankind Pharma, Nexus Malls RIET, Signature Global, TVS Logistics and Utkarsh Small Finance Bank.

The size of the IPO will be like this

Of these, the biggest IPO could be that of Mankind Pharma, whose size is expected to be around Rs 5,000 crore. Similarly, Nexus Malls REIT and TVS Logistics can bring IPOs worth Rs 4-4 thousand crores. Apart from these, Signature Global can bring IPO of Rs 01 thousand crore, Avalon Technologies and Capillary Technologies Rs 850-850 crore, Divji Torque Transfer Systems and Utkarsh Small Finance Bank Rs 500-500 crore and Cogent Systems Rs 350 crore.

January and February were like this

Before this, not a single IPO came in the market during the month of January. The month of February is also about to end and no IPO was seen in the market even in this month. During this, an FPO of Adani Enterprises, the flagship company of Adani Group, came in the market, but the company had withdrawn it amid the ongoing controversy due to the Hindenburg report.

This is the condition of the market

Talking about the market, since January 01 till now, the Nifty50 Index has fallen by more than 04 percent. On the other hand, Nifty Midcap and Nifty Smallcap have declined by 05 percent and 06 percent respectively. During this, Foreign Portfolio Investors (FPIs) have sold more than Rs 28 thousand crore.