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There is going to be a lot of activity in the primary market next month i.e. December. Next month, IPOs of 10 companies are going to be launched for subscription. Vishal Mega Mart and Blackstone's diamond grading company International Gemmological Institute are included in this list. All these 10 companies are planning to raise a total of ₹20,000 crores from the primary market.
Education-focused NBFC Avanse Financial Services, TPG Capital-invested Sai Life Sciences, hospital chain Paras Healthcare and investment bank DAM Capital are also preparing to list in December.
All these companies are going to raise around ₹ 20,000 crore through public issue. These IPOs will be of different sectors, deal sizes, which will include fresh issue and off for sale. Experts said that the results of Maharashtra assembly elections and the results of Uttar Pradesh by-elections have made the market sentiment positive. Due to good sentiment in the market, there is a possibility of increase in IPO activity and fund raising activities. This year has been great for the primary market. However, some recent issues have also struggled in the secondary market. Many companies are taking the route of primary market for the exit of existing investors. Apart from this, their plan is to expand, reduce debt and meet working capital needs. Vishal Mega Mart is planning to raise around ₹8,000 crores through IPO, which will be completely an Offer-for-Sale i.e. OFS. The company's promoter Samayat Services will sell its share. Gemmological Institute is planning to raise ₹4,000 crores through this IPO. This includes a fresh issue of ₹1,250 crores and an OFS of ₹2,750 crores. Avanse Financial Services is planning to raise ₹3,500 crores through this IPO. This will include a fresh issue of ₹1,000 crores and an OFS of ₹2,500 crores. Apart from these, diagnostic company Suraksha Diagnostic, packaging equipment manufacturing company Mamata Machinery are also preparing to bring an issue next month. So far this year, 75 companies have been successful in raising ₹1.3 lakh crores. This list includes names of companies like Hyundai Motor India, Swiggy, NTPC Green Energy, Bajaj Housing Finance, Ola Electric and First Cry. In 2023, 57 companies have raised ₹49,436 crore from the primary market.
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