STOCK MARKET

15 IPOs estimated to be worth Rs 20,455 cr to be launched in September, biggest IPO pipeline in 14 years

As the secondary market sees some consolidation, primary market is abuzz.

As the secondary market seems to be in slow lane after exorbitant gains as global cues weigh, the primary market is abuzz. As per Zee Business research team, in September as many as 15 companies are slated to launch their public issues.

This time in September as many as 15 companies similar to 2010 will launch their public issues as reported by the Research team.

Read More: Rs 90 DIVIDEND: Highest-ever payment! Ex-date, Record date on Sept 12

IPOs openingin September

Company                                     Issue Size (cr)

Afcons Infra                                          7000*

Bajaj Housing Finance                         6560

Niva Bupa Helaath Insurance             3000*

P N Gadgil                                               1100

Kross                                                         500

Western Carriers                                    500*

Northern Arc                                            500*

Arkade Developers                                  430*

Shivalik Engineering                               335*

Tollins Tyres                                              230

Shree Tripuati balajee                           170

Diffusion Enginering                                 130*

Read More: Carlyle-backed Hexaware Tech Files Draft Papers with Sebi for Rs 9,950 Crore IPO

* Estimated

Months                            No Of IPO                    Amt raised (cr)

September 2023                     14                                 11,893

August 2024                            10                                 17,110

February 2024                         11                                 7,489

Read More: Bajaj Housing Finance IPO: Check Price, GMP, Recommendations, Quota, Issue Size

IPO lineup in 2024 versus 2023

In 2023, as many as 58 companies launched their issues, while in 2024 already 56 companies have rolled out their public issues. Of which 43 companies gave profits upon listing. Meanwhile, 3 companies namely 

SK Finance, Belstar Microfinance and  Transrail Lighting have received an approval for their DRHP.

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