IPO rush continues: 20 issues to raise over Rs 4,152 crore this week

This week, 20 initial public offerings (IPOs) are set to raise over ₹4,152 crore on the Indian stock market. The range of offerings includes seven mainboard and 13 SME companies. These new listings will continue a surge in primary market fundraising that began last week, when five mainboard and six SME IPOs raised around ₹24,563 crore.

The National Stock Exchange (NSE) is hosting the year's largest IPO, valued at ₹22,561 crore, which is expected to close on Monday. The issue has already been fully subscribed. Among the mainboard companies, Elevate Campuses' ₹2,100 crore IPO will be the most substantial, while all other issues are expected to be smaller than ₹1,000 crore.

This week's IPO schedule also includes six mainboard and eight SME companies that launched their offerings last week and are now listed on the exchanges. Among the mainboard firms, Manika Plastech will go public on September 21, followed by SS Retail, Hero Motors, and Jindal Supreme India on September 23. NSE and Sonaselection India will be listed on September 24.

The SME companies set to list include Injecto Polymers and Century Business Media on September 21, Vama Wovenfab, Shakti Polytarp, and Quanto Agroworld on September 22, SpectrA Technology Solutions and Kheria Autocomp on September 24, and Axiom Gas Engineering on September 25.