IPO rush continues: 16 issues to raise over Rs 7,000 crore this week

Byexpertzeeshan

Mumbai: India’s primary market is set for yet another busy week, with 16 companies, including 12 mainboard and four SMEs, looking to raise more than ₹7,190 crore as they seek to ride the ongoing IPO wave.

The mainboard IPOs lined up for the week from September 7 to 11 are Pranav Constructions, Glass Wall Systems India, Prasol Chemicals, Kanohar Electricals, Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects, Karamtara Engineering, Rentomojo, Asset Reconstruction Co India, Veegaland Developers and Manika Plastech.

IPO rush continues: 16 issues to raise over Rs 7,000 crore this week<br>ET Bureau

In the SME segment, Apana Logistics, Infrax Renewable, Vinod Texworld and Amtech Esters will launch their IPOs.
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IPO fundraising has remained robust so far in September, with 14 mainboard issues raising around ₹7,640 crore. This follows a strong August, when 23 mainboard IPOs raised around ₹22,456 crore. In the SME segment, seven IPOs have raised ₹260 crore so far in September, compared with 23 issues that raised around ₹1,159 crore in August.

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