Busy week for primary market as nine IPOs attract bids worth Rs 1.4 lakh crore
The Indian primary market experienced one of its busiest weeks recently, with nine IPOs (six mainboard and three SME) collectively attracting bids totaling approximately Rs 1.4 lakh crore against a target mobilization of Rs 3,100 crore. RentoMojo's IPO was the largest, generating demand worth nearly Rs 63,600 crore.
Why it matters
This surge in IPO activity and overwhelming investor demand indicates strong market confidence and liquidity in the Indian economy, providing significant capital for companies and potential returns for investors.
MUMBAI: In one of the busiest weeks for the primary market in recent times, six mainboard IPOs closed on Friday, along with three on SME platforms of the two bourses. The nine primary offers together saw total demand worth about Rs 1.4 lakh crore against a mobilisation target of about Rs 3,100 crore, bidding data on NSE and BSE showed.The biggest offer to close on Friday was by RentoMojo, which is raising a total of Rs 1,250 crore, with the post-anchor part pegged at Rs 871 crore.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in