SEBI has approved the IPO of 28 companies in April-June.
No date for the launch of this IPO has been decided yet.
There have been 11 IPOs in the current financial year, including LIC’s IPO.
New Delhi. Investors new or old in the stock market, they have one thing in common that they are looking for better valuation IPOs. This gives them an opportunity to invest in a potential company in the early days itself and they earn strong profits in less money. There is good news for these investors. SEBI has approved 28 IPOs for launch in April-June.
Through these IPOs, these companies are planning to raise a total of Rs 45,000 crore. Companies that have received regulatory approval for IPO include lifestyle retail brand Fabindia, FIH Mobiles and Foxconn Technology Group subsidiary- Bharat FIH, TVS Supply Chain Solutions, Blackstone-backed Aadhar Housing Finance and McLeods Pharmaceuticals and Kids Clinic India. Huh.
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Finding the right time to date the IPO
Merchant bankers said that these companies have not yet announced the date for launching their IPOs and are waiting for the right time for this. He said that the current market conditions are challenging. Prashant Rao, Director and Head Equity Capital Markets, Anand Rathi Investment Banking, said, “The current environment is challenging and companies that have approvals are waiting for the right time to launch an IPO.” A total of 28 companies received regulatory approval for raising capital through IPOs during April-July 2022-23, according to the Securities and Exchange Board of India (SEBI) data.
There have been 11 IPOs so far this fiscal
Let us inform that in the current financial year so far 11 companies have raised Rs 33,254 crore through IPO. A major part of this (Rs 20,557 crore) was from LIC’s IPO. It is worth noting that due to market conditions, not a single IPO has come this year after May.
Last year 52 companies brought IPO
In the financial year 2021-22, 52 companies had raised a record Rs 1.11 lakh crore through IPO. However, many of these stocks fell flat and investors are now more cautious about IPOs. Big names like Zomato and Paytm have disappointed the investors in a big way just like their names. This had an impact on LIC’s IPO this year as well and LIC’s shares have not been able to recover from the fall so far. Given the market sentiments, startups are now finding it difficult to even get funding. However, experts believe that funding may once again pick up pace in the next few months.
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FIRST PUBLISHED : August 07, 2022, 14:59 IST