Share Market: The month of October has continuously brought bad news for the stock market. There has been a huge decline in the stock market for the last few days. Now the last week of this month has come. Diwali is also this week. But, there is going to be silence in the IPO market after a long time. In such an environment, no one is going to enter the IPO market this week. Till now investors have showered tremendous love on IPO. Due to this, so far this year 69 companies have raised Rs 1.18 lakh crore through IPO.
Heavy fall in equity market changed the mood of the market
According to the report of Money Control, the huge fall in the equity market has changed the mood of the market. During this period, Nifty 50 has fallen by about 8 percent from its all-time high. This decline has been seen due to heavy selling by foreign investors (FII). Also, due to the US Presidential Elections going to be held next month, similar attitude of FIIs may be seen for a few more days. In such a situation, at present no company is in a hurry to launch IPO on the stock market. No small or big IPO is going to come in the week starting from Monday, 28th October.
Companies are also considering postponing IPO for some time
It has been claimed in the report that at present there is a discussion going on among the companies that their respective IPOs should be postponed for a few days. However, it is expected that it will not have much impact on big companies. Companies like Swiggy and NTPC Green Energy can enter the IPO market in the second week of November. Apart from this, a flood of IPOs is also expected in the January-March quarter. In the year 2023, companies had raised Rs 58,000 crore through IPO. This year already this figure has crossed Rs 1.18 lakh crore.
Vari Energies-Deepak Builders will be listed, Godavari Biorefinery will take entry on 30th
This week, the share sale of Afcons Infrastructure worth Rs 5,430 crore is going to end on October 29. Also, listing of Waaree Energies and Deepak Builders will also take place on Monday. The IPO of Usha Financial Services will also close on October 28. The listing of Godavari Biorefineries is going to happen on October 30.
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