If you are thinking of investing in IPO then there is good news for you. Issues of many companies will be launched in the coming days in the IPO market.
Upcoming IPO: If you are planning to invest in IPO, then there is good news for you. Issues of many companies will be launched in the coming days in the IPO market. A total of 19 companies have launched their IPOs so far in less than 9 months of the year 2022.
IA total of 52 IPOs will be launched this year. According to BSE data, a total of 52 IPOs will be launched this year. This includes 19 IPOs in BSE Main Board and 33 IPOs in BSE SME segment. These 19 companies have been listed on the stock exchanges in less than 9 months of the current year.
Let us tell you that in the year 2021, a total of 64 companies have debuted in the market. According to Prime Database, as of August 31, 2022, the total public issues on the stock exchanges stood at 34,316 crore. Last year, companies raised a record Rs 1,30,376 crore through public issues.
According to a report by Equitymaster, ready to bet in IPO, three companies may launch their initial public offering (IPO) soon. These companies are – Aadhar Housing Finance, Five-Star Business Finance, Inox Green Energy and Exigo.
Aadhar Housing Finance IPO:
1. Aadhar Housing Finance IPO: The affordable housing finance company had filed its draft prospectus with SEBI in January last year. As per the latest SEBI draft update, the IPO of Aadhar Housing is up to Rs 7,300 crore.
This includes a fresh issue of Rs 1,500 crore and an offer for sale (OFS) of Rs 5,800 crore. ICICI Securities, Citigroup Global Markets India, Nomura Financial Advisory & Securities and SBI Capital Markets are the book-running lead managers of the IPO. SEBI had approved the IPO in May this year. The company aims to enter the stock market between mid-October to November.
Five-Star Business Finance IPO
2.Five-Star Business Finance IPO: This company will issue an IPO to raise Rs 2,751.95 crore. The company had filed a draft prospectus with SEBI in November last year and got approval from SEBI in January this year. ICICI Securities, Edelweiss Financial Services, Kotak Mahindra Capital Company and Nomura Financial Advisory & Securities (India) are the book running lead managers for the IPO.
3.Ixigo IPO: Le Travenues Technology aka Ixigo filed its draft prospectus with the market watchdog in August last year. The total IPO includes fresh issue of Rs 750 crore and Offer for Sale (OFS) of Rs 850 crore. The Booking Running Lead Managers (BRLMs) for the IPO are – ICICI Securities, Axis Capital, Kotak Mahindra Capital Company and Nomura Financial Advisory & Securities (India).
inox green energy
4. Inox Green Energy: Inox Green Energy Services, a subsidiary of Inox Wind, plans to launch an initial public offering (IPO) by October this year. Through this, it wants to raise Rs 740 crore for its expansion plan.
Inox Wind Chief Executive Officer (CEO) Kailash Lal Tarachandani told PTI that the company will initially focus on the Indian market and after gaining a good hold here, will reach overseas markets. The company plans to launch an IPO in the next 30 to 45 days, he added.
Inox Green had earlier submitted draft documents for the IPO with Sebi in February, but withdrew these documents in April without assigning any reason. Fresh draft documents were filed by it on June 17, according to which fresh equity shares worth Rs 370 crore will be issued in the Rs 740 crore IPO and its promoter Inox Wind will offer for sale of shares worth Rs 370 crore.
Tarachandani said that INOX Green Energy is currently achieving a growth of 30-40 per cent per annum. Upcoming IPO: If you are planning to invest in IPO, then there is good news for you. Issues of many companies will be launched in the coming days in the IPO market. A total of 19 companies have launched their IPOs so far in less than 9 months of the year 2022.