New Delhi: This week the primary market is going to be full of initial public offerings (IPOs) and investors will get a chance to invest in a total of 13 companies. These 13 companies are bringing IPOs to raise Rs 8,644 crore from the market. Out of the total 13 IPOs opening for subscription this week, four are on the main board and nine are related to SMEs. In the main board, Bajaj Housing Finance is bringing an IPO of Rs 6,560 crore, PN Gadgil Jewelers Rs 1,100, Cross Limited Rs 500 crore and Tollin Tyres Rs 230 crore.

Investors have plenty of opportunities

The IPO of Bajaj Housing Finance, Cross Limited and Tollin Tyres will open for subscription on September 9 and close on September 11. At the same time, the IPO of PN Gadgil Jewelers will be open for subscription from September 10-12. The companies bringing SME IPOs include Aditya Ultra Steel, Shubhshree Biofuels Energy, Share Samadhan, Gajanand International, SPP Polymers, Trafficsol ITS Technologies, Excellent Wires and Packaging, Innomet Advanced Materials and Envirtech Systems. These companies are bringing IPOs to raise Rs 12-45 crore.

Munish Aggarwal, managing director of wealth management firm Aquaris, says that the next two weeks will be busy with IPO issuance activity in the market. He said that September is the last month for companies that want to launch an IPO using financial data for the financial year 2023-24. According to SEBI rules, companies cannot use financial data older than six months to launch an IPO. Earlier in August, 10 companies had raised money through IPO.

Rs 1.25 lakh crore is expected to be raised this year

Aggarwal said that so far more than 50 IPOs related to the main board have been launched in 2024. This also includes the follow-on public offer (FPI) of Vodafone Idea. He said that by the end of August, about Rs 80 thousand crore has been raised through IPO and by the end of the current calendar year, this figure can reach Rs 1.25 lakh crore.