India’s stock market is gearing up for a flurry of initial public offerings (IPOs) over the next two months, with over two dozen companies preparing to raise more than Rs 30,000 crore. According to ET citing primedatabase.com, 18 companies have already received approval from the Securities and Exchange Board of India (SEBI) to launch IPOs, aiming to raise over Rs 20,000 crore, while an additional 37 companies have filed their Draft Red Herring Prospectus (DRHP) to raise over Rs 50,000 crore and are awaiting approval.
Read More: Stanley Lifestyles fixes price band of Rs 351-369 per share for IPO
Ola Electric
ANI Technologies-owned Ola Electric is poised to launch a Rs 5,500 crore IPO in the coming weeks. This IPO marks a significant milestone as it will be the first by an electric vehicle (EV) startup in India, following SEBI’s nod.
Afcons Infrastructure
Afcons Infrastructure is set to debut in the public market next month with an ambitious target to raise Rs 7,000 crore.
Emcure Pharmaceuticals
Emcure Pharmaceuticals is planning to launch a Rs 2,200-2,300 crore IPO by the end of this month.
Allied Blenders and Distillers
The company aims to raise about Rs 1,500 crore in the second half of this month.
Waaree Energies
The photovoltaic (PV) solar panel maker will go public with a fresh issue worth Rs 3,000 crore and an offer for sale (OFS) of 32 lakh shares from existing investors.
Premier Energies
As India’s second-largest integrated solar cell and module maker, Premier Energies is planning a fresh issue of Rs 1,500 crore and an OFS of up to 2.82 crore shares.
Asirvad Microfinance
A Manappuram Finance subsidiary, Asirvad Microfinance received SEBI’s approval in May to raise up to Rs 1,500 crore through a fresh issue of equity shares.
Stanley Lifestyles
This company is looking to launch an IPO featuring a fresh issue of shares up to Rs 200 crore and an OFS of 91.34 lakh equity shares.
Read More: Stanley Lifestyles Eyes ₹537 Crore Via IPO, Issue To Open On June 21
Shiva Pharmachem
Having filed for an IPO in August 2023, Shiva Pharmachem is expected to launch an OFS worth Rs 900 crore in the coming months.
Bansal Wire Industries
Plans to raise Rs 745 crore through a fresh issue in the primary market.
One MobiKwik Systems
The digital banking platform intends to raise Rs 700 crore through its IPO.
CJ Darcl Logistics
Set to raise Rs 340 crore through a fresh issue, along with an OFS of up to 54.31 lakh equity shares.
With a wide array of industries gearing up for their market debuts, investors have a diverse range of opportunities to look forward to in the coming months.
