IPO Rush: 34 companies race to launch issues worth Rs 45,000 crore by September 30
As September 30 approaches, thirty-four companies are hustling to roll out their initial public offerings to bypass further regulatory hurdles. The goal is to raise around ₹45,000 crore from these offerings. Bankers remain hopeful amidst the market's unpredictable nature and tight timeframe. Additionally, numerous other companies are planning their entries into the public offering landscape in…
Mumbai: A rush of 34 companies are rushing to launch Initial Public Offerings (IPOs) before the end of September, with a collective target of raising Rs 45,000 crore. These companies have a strict timeline of initiating share sales within the next 35 trading sessions, or risk restarting the regulatory approval process. The Securities and Exchange Board of India (Sebi) recently granted these companies a one-time extension until September 30 to launch their IPOs, due to regulatory approval expirations and increased market volatility post-West Asian crisis.
Although some bankers express concern, they remain confident that the IPOs will proceed as several are still scheduled through mid-August.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
