IPOs: Record of 14 years is going to be broken...
This year is proving to be historic for the stock market. The market is making records one after the other. Before today's fall, the market was near its new peak. Before that, the longest rally in the history of Nifty has been seen. In this record-breaking rally, now the record of IPO is also going to be made.
This month there is a boom of companies bringing IPOs. So far, IPOs of two companies have come on the mainboard this month. Right now IPOs of many companies are standing in the queue. Apart from the mainboard, IPOs are also coming on the SME platform and the trend is going to continue this month as well. According to the data available on Chittorgarh.com, the total number of IPOs coming this month is going to be more than 15.
These 2 IPOs have come so far
Right now in this month, the IPO of Gala Precision Engineering has opened on the mainboard. The company brought an IPO of about Rs 168 crore. Before that, the IPO of Bazaar Style Retail Limited came, which opened on the last date of last month and the subscription closed on september 3. This retail IPO was worth about Rs 835 crore.
These IPOs are going to come on the mainboard
Other IPOs that are going to come on the mainboard during the month include:
Shri tirupati balaji Agro Trading Company IPO: Rs 170 crore
Bajaj Housing Finance IPO: Rs 6,500 crore
Tolins Tyres IPO: Rs 230 crore
Cross Limited IPO: Rs 500 crore
PN Gadgil Jewellers IPO: Rs 1100 crore
Arcade Developers IPO: Rs 410 crore
Western Carriers IPO: Size not known yet
15 IPOs came in september 2010
According to an ET report, companies like Niva Bupa health Insurance, Northern Arc, Afcons Infra, Diffusion Engineers, Garuda Constructions and Manba Finance are also bringing IPOs this month. In the coming days, some more companies may also come up with IPO plans. In this way, the queue of IPOs during the month of September becomes longer than 15 companies. Earlier this happened 14 years ago in september 2010, when IPOs of 15 companies were launched in a single month.
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