IPO-bound companies defer launches to avoid Jio mega issue
The anticipated IPO of Jio Platforms is set to reshape the primary market, prompting several firms to defer their upcoming launches to sidestep investor competition. While only Paras Healthcare's offering is currently active, nine other IPOs managed to secure funding in October. Post-Jio's close in late October, November is expected to witness a flurry of activity, with around 15 IPOs lined up…
Mumbai: In response to Jio Platforms' massive ₹30,213 crore IPO, several companies have delayed their share launches to prevent clashing with the market giant's offering. Jio Platforms, India's largest IPO, is open for subscription from October 21 to 23. Other notable recent IPOs include Paras Healthcare's ₹1,450-crore issue and nine other offerings that raised a total of ₹12,000 crore in October.
According to Adeepto Saha, associate partner at Deloitte India, the sheer size of Jio's issue could dominate investor attention and market liquidity, making it difficult for other issuers to stand out. As a result, many companies have chosen to launch their IPOs after Jio's offering closes. However, the pipeline for primary market activity is expected to pick up in November, with around 15 IPOs lined up to raise a combined ₹28,000 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.
