Biggest IPO pipeline in 14 years: 15 IPOs estimated to be worth Rs 20,455 cr to be launched in September

-, Sep 06, 2024, India Blooms News Service28

Mumbai/IBNS: As many as 15 companies are slated to launch their Initial Public Offering (IPO) in September, which is the biggest IPO pipeline in the last 14 years, according to Zee Business.

Zee Businesss research team reported that in September 2024, as many as 15 companies similar to 2010 will launch their public issues.

As per the report, companies, including Afcons Infra, Bajaj Housing Finance, Niva Bupa Health Insurance, P N Gadgil, Kross, Western Carriers, Northern Arc, Arkade Developers, Shivalik Engineering, Tolins Tyres, Shree Tripuati Balajee, and Diffusion Engineering, are expected to launch their public issues this month, which are estimated to be worth Rs 20,455 crore.

In September last year (2023), 14 IPOs worth Rs 11,893 crore were launched.

This year, 10 IPOs worth Rs 17,110 crore were launched in August, while 11 public issues worth Rs 7,489 crore were offered in February.

Last year, as many as 58 companies rolled out their public issues, while in 2024 already 56 companies have launched their IPOs.

Of these 56 companies, 43 gave profits upon listing, according to reports.

Meanwhile, three companies SK Finance, Belstar Microfinance and Transrail Lighting have received an approval for their Draft Red Herring Prospectus (DRHP), which is a preliminary document that a company files with the Securities and Exchange Board of India (SEBI) before launching an IPO.