Sunday , November 24 2024

Big stir in IPO market, 25 companies will bring IPO of Rs 22000 crore | News India


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New Delhi: At least 25 Indian companies are preparing to launch IPOs worth Rs 22,000 crore in the next few months. All these IPO proposals have received approval from market regulator SEBI. Analysts gave this information on Friday. Analysts say that the Indian stock market is performing well amid global fluctuations. Pantometh Capital Advisors said that in the first week of August, four companies brought IPOs worth Rs 11,850 crore and all have been successful.

Indian market is in a booming mood
Analysts say that despite the turmoil in the global markets, the Indian stock market is on the rise. But the pace of further growth depends on the economic growth rate, the trend of global markets and the decision of the regulators. The IPO market in India has been very hot in recent times. Shares of Ola Electric Mobility, which was listed a few days ago, hit a 20 percent circuit on Friday. The market value of the company has increased to Rs 58664 crore. Shares of Ola Electric are trading at Rs 133.08, up 75 percent from its issue price of Rs 76.

SIP numbers are strong
BrainBee Solutions, the parent company of recently listed FirstCry, priced its IPO at Rs. 465 per share compared to Rs. 651 per share. The SIP business in the Indian market has been strong. In July, SIP inflows of Rs. 23,331 crore were seen, while in June this figure was Rs. 21,262 crore.