After the Lok Sabha election results and the formation of the new government, the market’s attention has shifted to the upcoming budget of the Modi government’s third term.
While this remains a focal point, investors can anticipate significant activity in the primary market, with a wave of IPOs slated for the next 2 months.
Over 24 companies are expected to launch IPOs, aiming to raise a whopping Rs 30,000 crores from the market.
The return of the Modi government has bolstered investor confidence, setting the stage for heightened market activity.
List of Upcoming IPOs:
Top Names:
- Ola Electric: ₹7250 Cr
- Afcons Infrastructure: ₹7000 Cr
- Emcure Pharma: ₹5000 Cr
- Waaree Energies: ₹3000 Cr
- One Mobikwik Systems: ₹1500 Cr
These were top names. Other IPOs are also there.
Other IPOs:
- Asirwad Microfin: ₹1500 Cr
- Allied Blender: ₹1500 Cr
- Stanley Lifestyles: ₹1200 Cr
- Shiva Pharmachem: ₹900 Cr
- Bansal Wires: ₹745 Cr
and few more.
Strong Market Activity:
DEE Piping’s ₹418 crore IPO is set to open next week, signaling strong momentum in the IPO market.
Additionally, over 35 companies await SEBI’s approval for IPOs, aiming to raise funds totaling ₹50,000 crore from the market.
Comparison:
H1CY23: 9 companies raised ₹8070 crore
H1CY24: 30 companies raised ₹28200 crore
Total in 2023: 57 companies raised approximately ₹49400 crore through IPOs
The BSE IPO index yielded a 5% return in the first half of 2023, but in 2024, the index has surged by 17% during the same period.
With a flurry of IPOs on the horizon, investors have ample opportunities to explore and capitalize on potential returns in the market.
