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After Four IPO Launches Last Week, Stock Markets Set For Four More This Week As Companies Look To Raise Rs 14,628 Crore
NSE building in Mumbai. (Hemant Mishra/Mint via Getty Images)
Indian stock markets are set to witness four more initial public offerings (IPOs) launches this week, which will cumulatively look to raise over Rs 14,628 crore from investors, reports Financial Express.
The IPOs will be launched by Nirma Group's Nuvoco Vistas Corporation, online auto classified platform CarTrade Tech, Aptus Value Housing Finance and Chemplast Sanmar.
The development gains significance as the bourses have been flooded by back to back IPOs in recent months. The past week saw four companies launch their IPOs to raise Rs 3,614 crore from the markets. These were Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles.
In fact, in the current financial year alone, as many as 16 companies have already raised Rs 30,666 crore through IPOs against Rs 31,277 crore raised by 30 firms in the previous financial year.
The bourses are likely to see continued IPO activity in the rest of the financial year as well, with some estimating that as many as 40 more companies could go public by raising as much as Rs 70,000 crore from the bourses.
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