In the primary market during the period 30 Sep – 6 Oct, 2 mainboard IPO Valiant Laboratories and Plaza Wires opened for listing raising an amount of Rs223.74 crore.
Mahavir Lunawat,
Managing Director, Pantomath Capital Advisors
In the primary market during the period 30 Sep – 6 Oct, 2 mainboard IPO Valiant Laboratories and Plaza Wires opened for listing raising an amount of Rs223.74 crore. The IPO market has been buzzing this fiscal year with at least two to three public offers opening every day. There were fewer mega IPOs compared to last year, as more companies raised smaller tranches of money; but also rewarded investors better. With the exception of four companies, every other IPO listed in this financial year gave positive listing gains. Besides, only seven of the 29 IPOs have given single digit listing gains. The rest all gave double digit listing gains.
Last half year looks promising, the pipeline too is robust, with around 30 companies getting SEBI approval for IPOs where they will collect Rs40,740 core and around 38 companies with IPO size of Rs43,659 crore still awaiting approval from SEBI and have filed offer document.
