Amid the ongoing boom in the stock market, companies are in a race to bring an IPO to raise funds. A total of 13 companies filed documents related to Initial public offering approval a single day before the market regulator, the Securities and Exchange Board of India (SEBI). If all these applications get the approval of the Securities and Exchange Board of India (SEBI), then these companies will be able to raise at least Rs 8,000 crore through IPO.
Companies from different sectors have applied
These companies that have filed draft documents are from different sectors. In many of these IPOs, the promoters have also proposed to bring OFS of existing shares along with new issues. The companies that have filed draft documents for Initial public offering approval before SEBI include – Vikram Solar, Aditya Infotech, and Varindra Constructions.
Other companies that filed draft documents include – Ajax Engineering, Rahi Infratech, Vikran Engineering, Midwest, Vini Corporation, Sambhav Steel Tubes, Jaro Institute of Technology Management and Research, All Time Plastics Limited, Skoda Tubes and Dev Accelerator.
Increased confidence of companies towards the Indian stock market
13 companies applying for Initial public offering approval in a single day show the growing confidence of companies towards the Indian market. So far this year, 62 companies have raised a total of Rs 64,000 crore through their IPOs. This is 29 percent more than the Rs 49,436 crore raised through 57 Initial public offering
s in the entire year of 2023.
The bullish trend is expected to continue in 2025 as well
Munish Agarwal, head of equity capital markets at financial services firm Equiras, said that if the global economy does not suffer a major setback due to any major event, then the bullish trend in the domestic market is expected to continue in 2025 as well.
According to merchant bankers, more than half a dozen companies like Hyundai Motor India, Swiggy, and NTPC Green Energy are also preparing to raise Rs 60,000 crore jointly by bringing IPOs in the next two months.
Which company is bringing IPO of how much
- According to the application filed before the Securities and Exchange Board of India (SEBI), the proposed IPO of Vikram Solar is a combination of new shares up to Rs 1,500 crore and a sale offer (OFS) of 1.74 crore shares by the promoters.
- Aditya Infotech plans to raise Rs 1,300 crore through IPO. It will comprise a fresh issue of equity shares worth Rs 500 crore and an offer for the sale of shares worth Rs 800 crore by the promoters.
- Varindra Construction’s Rs 1,200 crore IPO is a mix of a fresh issue of equity shares worth Rs 900 crore and an OFS of shares worth Rs 300 crore by the promoters.
- Vikram Engineering’s proposed IPO comprises an offer for the sale of shares worth up to Rs 100 crore along with fresh shares worth up to Rs 900 crore. Kolkata-based Rahi Infratech plans to raise Rs 420 crore through its IPO. The issue will comprise an offer for sale of 27 lakh shares by the promoters along with fresh shares worth Rs 440 crore.
- Sambhav Steel Tubes’ IPO proposes an offer for sale of shares worth Rs 100 crore along with fresh shares worth Rs 440 crore by the promoters. Jaro Institute’s Rs 570 crore IPO will include fresh shares worth up to Rs 170 crore and an offer for sale of shares worth Rs 400 crore by promoter Sanjay Salunkhe.
- The proposed IPO of Mumbai-based All Time Plastics is a combination of a fresh issue of Rs 350 crore and an offer for sale of 52.5 lakh shares by the promoters. Skoda Tubes’ IPO will consist of all-new shares worth Rs 275 crore. Dev Accelerator’s initial share sale will also have a fresh issue of 2.47 crore shares.
