IPO rush continues: 9 issues to raise Rs 2,768 crore this week
In the upcoming week, the market gears up for an exciting round of initial public offerings, featuring five mainboard IPOs and four small and medium enterprise (SME) IPOs, with a target of raising ₹2,768 crore. The largest mainboard IPO comes from EAAA India Alternatives, aiming for ₹1,200 crore. Other participants include SFC Environmental Technologies with a ₹667.53 crore offer and MK Sons Fine…
Mumbai experienced a surge in initial public offerings (IPOs) this week, with nine companies collectively aiming to raise ₹2,768 crore. Five mainboard companies and four smaller enterprises opened their IPOs for subscription next week, representing a significant influx of capital. EAAA India Alternatives led the mainboard offerings, targeting a massive ₹1,200 crore.
Following closely were SFC Environmental Technologies and MK Sons Fine Jewels, seeking to raise ₹667.53 crore and ₹275.40 crore, respectively. BLS Polymers and Bombay Coated & Special Steels rounded out the mainboard companies, aiming to raise ₹255 crore and ₹183.06 crore.
In the SME segment, Wiscon Industries, Ajwa Projects, Carver Roboweld, and Antala Industries were among the companies venturing into the IPO market. Core4 Engineers, whose IPO opened last week, will close for subscription on October 27. The upcoming IPOs for Jio Platforms and Paras Healthcare on October 28 are also noteworthy. Jio Platforms, which raised over ₹30,000 crore through its IPO last week, joins Paras Healthcare, which raised approximately ₹1,450 crore in the recent offerings.
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