By December, companies can raise more than one lakh crore from IPO, 64513 crore from 62 issues
New Delhi| Amidst the record rise in the stock market, the initial public offering i.e. IPO market will also remain hot this year. Companies can raise more than Rs 1 lakh crore by December. However, earlier in 2021, there is a record of raising the highest amount of Rs 1.20 lakh crore through 63 IPOs.
According to data from the exchanges, there have been a total of 62 issues so far this year. They have raised 64,513 crores. In 2023, 57 companies had raised 49,437 crore and in 2022, 40 companies had raised 59,939 crore. So far in September, 11,826 crore has been received through 10 IPOs. Two companies will enter the market for 500 crore.
Actually, this year many big companies are going to enter the market. Hyundai Motor will hit the market at the end of October or in the first week of November for the biggest 25,000 crore issue. Swiggy is hitting the market in November for 11,000 crore. NTPC Green Energy may bring 10,000 crore issue in November. Afcons Infra to raise 8,400 crore. These four companies can raise Rs 54,000 crore. Warri Energy will raise 3,000 crore in October. One MobiKwik will land for 700 crore.
However, National Stock Exchange (NSE) is also busy preparing for IPO. However, it may come next year. If it comes this year, the amount raised from the IPO may be higher. Anyway, there are many small companies which are going to be listed in the next three months. In such a situation, the record of Rs 1.19 lakh crore of 2021 may be broken.
The issue of Manba Finance, which closed on Wednesday, has received an amazing subscription. Rs 24,000 crore has been received in lieu of Rs 151 crore. This IPO filled 224 times. High net worth investors put in 512 times, institutional investors 149 times and retail 144 times.
There has been huge retail investment in the IPOs which have received huge subscriptions this year. Retail in Manba has invested 144 times, Vibhor Steel 320 times. Retail has put 92 times the money in Gala, 131 times in Unicommerce, and 236 times in BLS.
SME IPOs have broken all records so far. So far this year, 204 companies have raised Rs 7,230 crore. 28 companies have been listed in September. They have raised 1,156 crores. 11 IPOs open or due to open this month. There were IPOs of 21 companies in August. In 2012, SME Exchange was started.