Upcoming IPOs: Several companies have already filed their Draft Red Herring Prospectus (DRHP)
Upcoming IPOs: The two-month drought in the IPO market is set to end. At least 9 companies are planning to launch IPOs during the next 5-6 weeks. According to a report by Zee Business channel, these 9 companies will seek to raise approximately Rs 17,000 crore from the primary market.
Notably, no IPO has been launched for the past two months — the same period when the Nifty50 declined 3.5 per cent, thus dampening the companies’ mood to launch their IPOs.
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Several companies have already filed their Draft Red Herring Prospectus (DRHP)– a preliminary registration document for companies looking to go public. According to Anil Singhvi, Managing Editor, Zee Business, if a company doesn’t launch its IPO in the current financial year, then it will have to go through the whole process of DRPH filing again.
Upcoming IPOs list
| Upcoming Company IPOs | Tentative Issue Size (In Cr) (Rs) |
| Mankind Pharma | 5000 |
| Nexus Malls REIT | 4000 |
| TVS Logistics | 4000 |
| Signature Global | 1000 |
| Avalon Technologies | 850 |
| Capillary Technologies | 850 |
| Divgi TorqTransfer Systems | 500 |
| Utkarsh Small Finance Bank | 500 |
| Cogent Systems | 350 |
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The report said that Divgi TorqTransfer IPO could hit the market o March 1, thus becoming the first company in 2023 to go public. Divgi TorqTransfer supplies transfer case systems to automotive original equipment manufacturers (OEMs).
In the last 8 months, 33 companies’ IPOs worth Rs 49,300 crore lapsed which were granted go ahead by the capital market regulator SEBI.
In 2022, a total of 40 companies raised Rs 59,302 crores through IPOs. In 2021, more than 60 companies made their stock market debut, raising Rs 1.19 lakh crore.
