Busy week ahead: Companies set to raise Rs 7.2k crore via IPOs
The Indian primary market is preparing for a busy week with 16 IPOs expected to raise Rs 7,200 crore. This activity precedes larger upcoming offerings from NSE and Jio Platforms.
Why it matters
The surge in IPO activity reflects strong investor appetite and significant capital mobilization within the Indian financial markets.
MUMBAI: The new week promises to be extremely busy for the primary market with as many as 11 main board and five SME offers lined up, together targeting about Rs 7,200 crore. This is a precursor to the likely blockbuster later in the month when NSE IPO opens to raise an estimated Rs 30,000 crore. A few weeks down the line, Dalal Street is expected to see another mega offer, that of Jio Platforms eyeing about Rs 37,000 crore.As things stand, when NSE IPO closes in about two weeks from now, it would be the biggest primary offer in India, ahead of the Rs 27,800 crore offer from Hyundai Motors India that had closed in late 2024. However, that ranking will change after Jio Platforms lists at end-Oct or early-Nov.During the current week, the IPO rush is being led by RentoMojo, which is eyeing Rs 1,256 crore from investors.
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