12 Companies to Launch IPOs: A Golden Opportunity for Investors in the Primary Market
Big Opportunities for Investment in the Primary Market This Week
This week, the primary market presents significant opportunities for investors. A total of 12 companies are set to raise Rs. 8,597 crore through their IPOs. Among them, four major companies, including Bajaj Housing Finance, aim to collect Rs. 8,390 crore.
Bajaj Finance IPO Oversubscribed by 2.2 Times on First Day
The Bajaj Finance IPO was oversubscribed by 2.2 times on its opening day. In addition, nine small and medium enterprises (SME) are also targeting to raise Rs. 207 crore. Munish Aggarwal, MD of Equirus, mentioned that the market has strong momentum, and companies launching IPOs are looking to capitalize on this trend.
Leveraging FY 2023-24 Financial Data for Successful IPOs
To ensure the success of their IPOs, companies will utilize financial data from FY 2023-24, which has shown positive results. According to SEBI regulations, financial data in the prospectus must be less than six months old at the time of the IPO. As September marks the last month to use FY 2023-24 data, companies are rushing to take advantage of it.
Hexaware Technology Files DRHP to Raise Funds
Hexaware Technology Ltd., a global leader in digital and technology services with a strong focus on artificial intelligence and a diverse range of clients, has filed a draft red herring prospectus (DRHP) with SEBI to raise capital through an IPO. The company has proposed a full offer-for-sale worth Rs. 9,950 crore.
