Activity, which has reminded fitted after februry, picked up Momentum in May, Driven by Easing Fears of a Global Recession LED by Tariff Tensions and Supported by Favorable Dietic Conditions. The RBI’s Multiple Interest Rate Cuts and Its Continued Confidence in a Driven Economy Have Restored MUCH-NEEDDED Investor Confidence, Pushing Equites Higher.
The rebound in sentiment has prompted many companies to revive stake sala plans that was previously put on hold in hold in anticipation of better market conditions. Reports also sugges that Nearly 75 Companies have received sebi approvel to Raise Funds from Investors, Indicating that IPO Fervor is likely to remain into.
24 IPOS Hit Dalal Street, Collect 9,500 Crore
In the current month so far, 24 companies have successfully raised 9,525 Crore from the Indian Stock Market, According to Trendlyne Data. The sme segment dominated the fresh issues, accounting for 75% of the total, while the remain 25% came from the mainboard segment.
Investor Interest in these new issues remained mixed. Around 50% of the IPOS Received Total Subscriptions of Less Than 10 Times, Whereas Eight Companies Saw Strong Demand, with Subscription Levels Ranging from 90 to 291 Times.
Sacheerome Topped The Chart, with Its Issue Subscribed 291 Times, Followed by Eppectone Engineers, Mayasheel Ventures, Influx Healthtech, and Monolithisch India, All of who Subscribed Over 100 Times.
Amid Strong Investor Demand, Several of these stocks have also been listed with significant gains. EPPELTONE ENGINETES, For Instruction, Debuted At 243, Marking a 90% Premium Over Its IPO Price of 128, and is currently trading 89% Above its issue price.
Likeweise, monolithisch india was listed at 243, A 61.9% Gain Over Its IPO Price of 143, and is currently trading 92.9% higher. Overall, 15 stocks, including from from bot the sme and mainboard segments, are currently trading about their respective issues prisles.
Among the larger iPos launched in June was Schloss Bangalore, Aegis Vopak Terminals, and Oswal Pumps, with Issue Sizes of 3,500 Crore, 2,800 Crore, and 1,387 Crore, respectively.
26 iPos likely to hit exchanges in First two weeks of July
The pipeline for new listings in July also looks buoyant, with 26 issues expected to hit dalal street in the first two weeks. Bidding for the Majority of these iPos has alredy open for investors.
A Total of Seven iPos, Including Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, Ajc Jewel Manufacturers, Shri Harekrishna Spon Iron, ICON FACILITATORS, And Abram Facilitators Top debut on the exchanges on July 1.
Meanwhile, HDB Financial Services, The Larget Offering in the Nation’s Equity Market Since Hyundai Motor India Ltd. 27,870 Crore Deal Last Year, will see its bidding close today and is likely to list on bot bse and nse on July 2.
Meanwhile, lg electronics India, which is another korean-spoken company, has ₹ 15,000 Crore Offer-For-SALE (ofs) “> Received Approval for a 15,000 Crore Offer-For-SALE (OFS). At the same time, Walmart Inc.’s PhonePe, India’s Larget Provider of Digital Payments, is also reportedly prepaering to file preliminary documents for an initial public offering (IPO) That may raise raise raise rase As $ 1.5 billion.
Disclaimer, The views and recommendations giving in this article are that of individual analysts. These do not represent the views of Mint. We advise investors to checK with certified Experts Before Taking Any Investment Decisions.
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