📷 Image Credits: The Indian Express
The primary market in India is set to witness a surge in IPO activities, with over two dozen companies gearing up to raise funds collectively. The anticipation of stable governance and consistent policies under PM Modi’s leadership has rekindled investor confidence, leading to strong enthusiasm for new shares. According to a report by The Economic Times, more than 30,000 crore is expected to be raised by these companies in the next two months.
Upcoming IPOs in focus include companies like Afcons Infrastructure, Emcure Pharmaceuticals, Allied Blenders and Distillers, Asirvad Microfinance, and many more. A total of 18 companies have already received approval from SEBI to collectively raise over Rs 20,000 crore, with 37 firms awaiting regulatory nod to raise more than Rs 50,000 crore. The recent fully subscribed IPO of online travel platform Ixigo indicates the strong demand from retail investors.
The surge in IPO activities is seen as companies cashing in on the optimism surrounding Modi’s government, with the public issues expected to witness strong subscription. Allied Blenders and Distillers, Emcure Pharmaceuticals, Afcons Infrastructure, Ola Electric, Waaree Energies, and Premier Energies are among the companies planning to enter the capital market in the coming months with substantial fund-raising targets.
These developments highlight the positive sentiment in India’s primary market, signaling a robust IPO market ahead, driven by factors like a buoyant stock market, strong domestic institutional flows, and high retail participation. With the IPO trends expected to continue in the foreseeable future, investors are advised to carefully evaluate the quality and valuations of the companies before making investment decisions.
