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IPO Watch: Action to continue in primary market as 7 IPOs line up to raise Rs 19,370 crore in December
The action in the primary market will continue in the December Series as well. In December month, many companies will be raising money via the Initial Public Offering (IPO) route. Zee Business’ Kushal Gupta has this detailed report on the upcoming issues.
Gupta said that the investors must expect heightened action on the IPO front in the December month. As many as seven companies will be launching their public issues over the first 15-days of this month. In December, these 7 companies will be raising Rs 19,370 crore through the initial share sale.
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Market Regulator Securities and Exchange Board of India (SEBI) has already given a go ahead to 10 IPOs in November.
Star Health and Allied Insurance Company Limited’s IPO has opened today for subscription. The three-day IPO will close on 2 December 2021. The IPO is worth Rs 7250 cr.
Tega Industries Limited will launch its IPO on Wednesday (1 December). The IPO will end on Friday, 3 December. On 2 December (Thursday), IPO of Anand Rathi Wealth Limited will open for subscription. It will close on 6 December.
In the next week, MapmyIndia IPO, RateGain Travel Technologies IPO will be lined up.
In the remaining second half of December, Adani Wilmar IPO worth Rs 4500 cr and Go First Airline IPO worth Rs 3600 cr will be launched.
List of IPOs in December
In all, seven companies will be raising Rs 19,370 cr through the primary markets.
दिसंबर में IPOs की लंबी कतार
प्राइमरी मार्केट में एक्शन जारी..
नवंबर में SEBI ने कुल 10 IPO को मंजूरी
कौन सी कंपनी ला रही है IPO ?
— Zee Business (@ZeeBusiness) November 30, 2021
Today, Go Fashion IPO stock was listed on the exchanges. The stock was listed at around 90 per cent higher premium to Rs 1316 per share on the BSE and 1310 per share on the NSE as compared to Rs 690 per share issue price at the upper end, during the early morning session on Tuesday.
(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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