The primary market is set to witness one of the most active weeks with over thirteen new initial public offerings (IPO) is set to open alongside eight new properties next week.
The Indian primary market has shown solid momentum this week, with several public offerings attracting strong investor demand.
“The continued enthusiasm for IPOs and healthy subscription numbers underscore growing investor confidence in the Indian IPO market. According to our analysis, IPO fundraising in August hit a 27-month high, with 10 companies raising around $100 million in IPOs. ₹17,047 crore, making it the busiest period in terms of public offerings since May 2022,” said Pantomath Capital Advisors Private Limited, a trusted mid-market investment bank.
The firm added: “The outlook for the Indian IPO market remains promising, with Pantomath Capital projecting that domestic companies could raise more than ₹1.50 lakh crore through IPOs in the next 12 months, indicating continued activity and strong investor interest going forward.”
Below is a list of IPOs that will remain open for subscription next week:
Bajaj Housing Finance IPO
Bajaj Housing Finance’s IPO will open for subscription from September 9 to 11. It is a reserved issue. ₹6,560 crore, consisting of a fresh issue of 50.86 crore shares totalling Rs. ₹3,560 crore and an offer for sale of 42.86 crore shares worth Rs. ₹3,000 crore rupees.
The price band for the upcoming IPO has been set ₹66 a ₹70 per share. The lead managers for the IPO of Bajaj Housing Finance are Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited and IIFL Securities Ltd. Kfin Technologies Limited is acting as the registrar for the issue.
Tolins Tires IPO
He Tolins Tires IPO will be open for subscription from September 9 to 11. This book-length issue aims to increase ₹230 crore, comprising a fresh issue of 0.88 crore shares totalling Rs. ₹200 crore and an offer for sale of 0.13 crore shares worth Rs. ₹30 crores.
The price band for the Tolins Tires IPO has been established between ₹215 and ₹226 per share. Saffron Capital Advisors Private Limited is acting as lead manager for the issue and Cameo Corporate Services Limited is the registrar for the offer.
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