IPO rush: 5 companies to raise Rs 5,499 crore next week; Shiprocket, 4 others to list
India’s IPO market enters another busy week, with five companies set to raise Rs 5,499.32 crore between August 17 and 21. Horizon Industrial Parks leads fundraising, while five recently completed IPOs, including Shiprocket, are scheduled to list.
Next week, India's primary market is set for another wave of initial public offerings (IPOs), with five companies scheduled to list between August 17 and August 21, aiming to raise a combined Rs 5,499.32 crore. Horizon Industrial Parks is the largest of these, seeking to raise Rs 2,600 crore, followed by Lalithaa Jewellery Mart, which aims to raise Rs 1,700 crore.
The remaining IPOs will collectively raise around Rs 1,199.32 crore. The IPOs will begin on Monday, August 17, with Horizon Industrial Parks and Lalithaa Jewellery Mart listing first. Both companies will remain open for subscription until August 19 and will list on both the BSE and NSE. Shankesh Jewellers and Sunshine Pictures will follow on August 18, with Shankesh Jewellers looking to raise Rs 367.18 crore and Sunshine Pictures aiming for Rs 282.14 crore.
The final IPO, Gaja Alternative Asset Management, will open for subscription on August 19 and list on the BSE and NSE, targeting Rs 550 crore. Five companies that have already completed their IPOs will see their shares debut on the stock market next week, raising a total of Rs 7,478.69 crore.
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.
