New Delhi, Oct 4
The investors will have a busy time next week as the initial public offerings (IPOs) of around five companies are set to hit the primary market, to raise a combined amount of over Rs 28,000 crore.
The two companies will contribute the most in terms of raising capital with a combined issue size of Rs 27,107 crore. Further, many SMEs' IPOs will also open next week.
The year is turning out to be a blockbuster one for the IPO market, with companies already raising close to Rs 85,000 crore through 74 mainboard offerings (as of September). The momentum is picking up speed in October, as upcoming listings will push the total raised amount past the Rs 1 lakh crore milestone for just the third time in history.
As per reports, the numbers are expected to surpass all the records this year.