1 week Ago
The primary market is all set to witness one of the busiest weeks with over thirteen new initial public offerings ( IPO ) scheduled to open, along with eight new listings next week. The Indian Primary market has demonstrated robust momentum this week, with several public offerings drawing strong demand from investors. “The persistent zest for IPOs and healthy subscription numbers highlights the increasing investor confidence in the Indian IPO market.
As per our analysis, August witnessed IPO fundraising hitting a 27-month high, with 10 companies raising approximately ₹ 17,047 crore—making it the busiest period for public offerings since May 2022,” said Pantomath Capital Advisors Private Limited, Trusted Mid-Market Investment Bank. The firm further said, “The outlook for the Indian IPO market remains promising, with Pantomath Capital projecting that domestic companies could raise over ₹ 1.50 lakh crore through IPOs in the next 12 months, signaling continued activity and strong investor interest ahead.
” Here's a list of IPOs which will remain open for subscription next week - The Bajaj Housing Finance IPO will open for subscription on September 9 to September 11. It is a book-built issue of ₹ 6,560 crore, consisting of a fresh issue of 50.86 crore shares totaling ₹ 3,560 crore and an offer for sale of 42.
86 crore shares amounting to ₹ 3,000 crore. The price band of the upcoming IPO has been set ₹ 66 to ₹ 70 per share. The book running lead managers for the Bajaj Housing Finance IPO are Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited, and IIFL Securities Ltd.
Kfin Technologies Limited serves as the registrar for the issue. The Tolins Tyres IPO will be open for subscription from September 9 to September 11. This book-built issue aims to raise ₹ 230 crore, comprising a fresh issue of 0.
88 crore shares totaling ₹ 200 crore, and an offer for sale of 0.13 crore shares amounting to ₹ 30 crore. The price band for the Tolins Tyres IPO has been set between ₹ 215 and ₹ 226 per share.
Saffron Capital Advisors Private Limited is serving as the book-running lead manager, and Cameo Corporate Services Limited is the registrar for the offering..
