If you are interested to invest in the IPO, then this month of July, there will be special for you. During this period, seven companies’ IPOs are going to knock in the stock market. These companies are going to raise about 14,000 crore rupees from the IPO.
The first name in this list is TCNS Clothing, which sells its clothes under the name of W., Aurelia and Wishful brand. The company is going to present an IPO of Rs 1,125 crore this week.
According to merchant banking sources, Lodha Developers, HDFC AMC IPO, Nekkanti SEA Foods, Flamingo Travel Retail, Patel Infrastructure and Genius Consultants are also going to present their IPOs. These IPOs can open for subscription in the next two weeks.
In the petition given to the market regulator SEBI, all these companies have pointed out the reason behind the expansion of their business, the payment of debt and the strengthening of operating capital, after the introduction of an IPO. Also, these companies say that through IPO, existing shareholders will get a chance to reduce their stake in the company.
We can also check here more updates on list of upcoming ipo in India 2018 calendar
Being listed on the stock market, these companies expect their brand value to grow. Apart from this, transparency will also come in their business.
During January-June this year, 18 companies have raised Rs 23,670 crore from the market through their IPOs. This is more than Rs 12,000 crore more than the funds collected during this period last year. During the January-June period last year, 13 companies had introduced their IPOs.
Lodha Developers can raise Rs 5,500 crore from the IPO. The company will issue new shares of Rs 3,750 crore, while 1.8 crore shares of the existing shareholders will be offered for sale. 95 lakh shares will be allocated in pre-IPO placement.
According to sources, the IPO of the HDFC AMC can Rs 2,800 crore. The company will offer 2.54 crore shares for sale, of which 85.92 lakh shares will be of HDFC, while 1.68 crore shares will be offered by Standard Life.
Flemingo, the leading duty free retail company, is also going to present fresh shares of Rs 2,423 crore in its IPO of Rs 2,600 crore, while its existing partner Flamingo Duty Free Shop Mumbai will offer 11,29,500 shares for sale.
Nikkanti sea foods will raise Rs 750 crore via IPO, out of which Rs 250 crore will be freshened and existing shareholders will sell 80 lakh shares. Patel Infra will also raise Rs 400 crore from the IPO, while the Genius Consultants ‘ IPO will raise Rs 170 crore.
J. Kalyanwala, Vice President, Investment Banking, Prabhu Das Liladhar said, “Buyers of good companies’ shares are always present in the IPO market. Better companies have a higher risk capacity and the investors are awaiting the shares of these companies.”
Experts believe that SEBI has recently reduced the period of announcement of the IPO price band from five days to two days. This will strengthen the centimetre of the IPO market.
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