This year is proving to be historic for the stock market. The market is making records one after the other. Before today’s fall, the market was near its new peak. Before that, the longest rally in the history of Nifty has been seen. In this record-breaking rally, a great record of IPO is also going to be made.
This month, there is a flood of companies launching IPOs. So far, IPOs of two companies have been launched on the mainboard this month. IPOs of many companies are still in the queue. Apart from the mainboard, IPOs are also being launched on the SME platform and this trend is going to continue this month as well. According to the data available on Chittorgarh.com, the total number of IPOs launching this month is going to be more than 15.
These 2 IPOs have come so far
Just this month, Gala Precision Engineering’s IPO has opened on the mainboard. The company brought an IPO of about Rs 168 crore. Before that, Bazaar Style Retail Limited’s IPO came, which opened on the last date of last month and the subscription closed on September 3. This retail IPO was worth about Rs 835 crore.
These IPOs are going to come on the mainboard
Other IPOs that are going to hit the mainboard during the month include the Rs 170 crore Shri Tirupati Balaji Agro Trading Company IPO, the over Rs 6,500 crore Bajaj Housing Finance IPO, the Rs 230 crore Tolins Tyres IPO, the Rs 500 crore Cross Limited IPO, the Rs 1,100 crore PN Gadgil Jewellers IPO, the Rs 410 crore Arcade Developers IPO and the Western Carriers IPO (size not yet known).
15 IPOs came in September 2010
According to a report by ET, companies like Niva Bupa Health Insurance, Northern Arc, Afcons Infra, Diffusion Engineers, Garuda Constructions and Manba Finance are also bringing IPOs this month. In the coming days, some more companies may also come forward with IPO plans. In this way, the queue of IPOs during the month of September becomes longer than 15 companies. Earlier, this happened 14 years ago in September 2010, when IPOs of 15 companies were launched in a single month.
These SME IPOs have closed so far
The IPO boom is also going to continue on the SME platform during the month. In this segment, Indian Phosphate IPO (Rs 67.36 crore), Videl Systems IPO (Rs 18.08 crore), JB Laminations IPO (Rs 88.96 crore), Parametrics Technologies IPO (Rs 33.84 crore), Aeron Composites IPO (Rs 56.10 crore), Travels and Rentals IPO (Rs 12.24 crore) and Boss Packaging Solutions IPO (Rs 8.41 crore) which opened at the end of last month, were closed this month.
These IPOs are in queue in SME
Apart from them, now Archit Nuwood Industries Limited IPO Rs 168.48 crore, Envirotech Systems Limited IPO Rs 30.24 crore, Excellent Wires and Packaging Limited IPO Rs 12.60 crore, Innomate Advanced Materials Limited IPO Rs 34.24 crore, SPP Polymer Limited IPO Rs 24.49 crore, Trafficsol ITS Technologies Limited IPO Rs 44.87 crore, Aditya Ultra Steel Limited IPO Rs 45.88 crore, Shubhshree Biofuels Energy Limited IPO Rs 16.56 crore, Share Solution Limited IPO Rs 24.06 crore, Gajanand International Limited IPO Rs 20.65 crore, Vision Infra Equipment Solutions Limited IPO Rs 106.21 crore, My Mudra Fincorp Limited IPO Rs 33.26 crore, Match Conference and Events Limited IPO Rs 125.28 crore, Namo Ewaste Management Limited IPO SME IPOs in the queue are: Naturewings Holidays Ltd. IPO of Rs 51.20 crore, Naturewings Holidays Ltd. IPO of Rs 7.03 crore and Jeyam Global Foods Ltd. IPO of Rs 81.94 crore.
Also read: 5 new IPOs are opening in the next 5 days, these 10 shares will be launched in the stock market for the first time
