71 fresh IPOs are soon to hit Dalal Street following the 14 that were completed in the first half of the current financial year. Among the well-known companies expected to enter the major market are Emcure Pharmaceuticals, Navi Technologies, Bikaji Food, and Mobikwik.
Currently, Sebi has approved 71 businesses’ plans to raise Rs 1,05,000 crore. 43 additional companies are awaiting market regulator approval in order to raise approximately Rs 70,000 crore. Ten of these 114 businesses, or NATCs, are attempting to raise almost Rs 35,000 crore.
According to Pranav Haldea, Managing Director of Prime Database Group, secondary market volatility, mostly brought by by concerns about a recession and rising interest rates, will have an influence on IPO activity. A company’s initial public offering (IPO) is a once-in-a-lifetime opportunity, and as has been observed numerous times in the past, businesses would prefer to let their approval lapse than launch their IPO in a tumultuous market.
In addition to these companies, the list includes API Holdings, Wellness Forever, TBO Tek, Sanathan Textiles, Puranik Builders, Penna Cement Industries, Keventer Agro, and Asianet Satellite Communications.
According to Prime Database, 14 Indian corporates raised Rs 35,456 crore through the IPO method in the first half of the fiscal year 2022–23. The amount raised was 32% less than the Rs 51,979 crore raised through 25 IPOs during the same period in 2021–2022 (amount raised). Pranav Haldea, Managing Director of Prime Database Group, claims that the IPO of LIC raised Rs 20,557 crore, or 58% of the total.
The LIC IPO for Rs 20,557 crore was the greatest during this time period and the largest Indian IPO ever. Delhivery (Rs. 5,235 crore) and Rainbow Children’s followed this (Rs 1,581 crore). Only one of the 14 IPOs, Delhivery, came from a new age technology company (NATC), indicating a decline in IPO activity in this industry. The data show that the high Rs 2,533 crore average deal size.
