IPOs ahead: Here’s what to know as 6 companies eye nearly ₹5,600 cr next week
The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month
Six companies are set to raise nearly ₹5,600 crore through initial public offerings (IPOs) in the coming week, according to the latest wire material. The primary market is expected to remain busy, with the upcoming issues following five IPOs launched in the previous week and three companies tapping into the market earlier this month.
Horizon Industrial Parks and Lalithaa Jewellery Mart are the first to enter the market on August 17, with their ₹2,600-crore and ₹1,700-crore IPOs, respectively. Shankesh Jewellers and Sunshine Pictures will follow on August 18, with their ₹367-crore and ₹282-crore offerings. Gaja Alternative Asset Management and Tempsens Instruments (India) will launch their ₹550-crore and ₹95-crore IPOs on August 19 and 20, respectively.
Collectively, these six companies aim to raise around ₹5,600 crore through the public issues, which will primarily be utilized for business expansion, capital expenditure, debt repayment, and other corporate purposes.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
