IPO Next Week : The month of September is going to be the busiest in the last 14 years in terms of IPOs in the mainboard and SME segment. So far this month, more than 28 companies have entered the market. The Reserve Bank of India (RBI) said this in the bulletin on Friday. In the article published on the state of the economy in the bulletin, it is said that changes are taking place in the financial markets. It said, “In the primary equity market, interest has increased in various entities including domestic mutual funds regarding the initial public offerings (IPOs) of SMEs. Their IPOs are getting many times subscription.”
Busiest month in 14 years
Citing a study by market regulator Sebi, the article said 54 per cent of the IPO shares allotted to investors were sold within a week of listing. “September is set to be the busiest month for IPOs in 14 years. More than 28 companies have hit the market so far this month,” the article said. Raising resources through IPOs has remained strong so far in 2024, as India saw the highest number of IPOs (27 per cent by volume) globally in the first half of 2024, with SME public offerings leading the way, the article said. India’s contribution to the total amount raised through IPOs is 9 per cent, it said.
9 IPOs coming next week
There is going to be a lot of activity in the primary market next week as well. A total of 9 new IPOs are going to be launched in the coming week. These include 2 Mainboard IPOs and 7 SME IPOs. These IPOs will be launched between 23 and 27 September.
