Domestic stock exchanges BSE and NSE, including SMEs, have emerged as the top players in the world in terms of the number of IPOs and eighth in terms of issue proceeds so far in 2023, according to EY. The main markets witnessed 6 IPOs during Apr-Jun 2023, compared to 14 IPOs in the same quarter a year ago and 4 IPOs in Jan-Mar 2023
In the SME markets, there were 32 IPOs in Q2 2023, showcasing robust growth compared to 18 and 38 IPOs in Q2 2022 and Q1 2023, respectively. The EY report further indicated a positive outlook for IPO activity in India, with around 13 companies filing their Draft Red Herring Prospectus (DRHPs) in Q2 2023, contributing to the current IPO pipeline
Most active sectors in recent IPOs include hospitality and construction, automotive and transportation, diversified industrial products and real estate. As per EY, the remarkable volume of IPOs in India, covering a diverse range of sectors and industries, showcases the country’s economic resilience and its attractiveness as an investment hub
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IPOs are significant turning points for businesses as they raise capital for development and growth. They also present an opportunity for investors to profit from a company's early stages of growth. Let's have a look at the IPOs planned for August this year
Issue Date: Last week of August (Expected) Price: Rs 280 to Rs 285 (Likely) Closing Date: NA Allotment: NA Tentative Listing Date: NA
Issue Date: August 10 Price: Rs 187 - Rs 197 Closing Date: August 14 Allotment: August 22 Tentative Listing Date: August 24
The company will raise around Rs 425 crore via IPO that comprises a fresh issue of Rs 250 crore and offer for sale up to 2,60,00,000 equity shares at Rs 2 each. The issue will open on August 18, and close on August 22, 2023. The shares are likely to be listed on BSE and NSE on August 30
Shelter Pharma IPO is an SME IPO of 3,816,000 equity shares of a face value of Rs 10 aggregating up to Rs 16.03 crore. The issue is priced at Rs 42 per share. The minimum order quantity is 3,000 shares. The IPO will open for subscription August 10, and will close on August 14, 2023. Shelter Pharma shares are likely to be listed on BSE SME on August 23, 2023
Srivari Spices and Foods IPO opened for subscription on Monday, August 7, and will close on August 9, 2023. The price band of the IPO has been fixed at Rs 40 to Rs 42 per equity share. The company is aiming to raise Rs 9 crore on upper band price through this IPO, with shares set to be listed on the NSE EMERGE platform