23 firms in India to offer public issues worth 44,000 crore all the way through the March quarter.
- ByStartupStory | January 3, 2022
With nearly 63 companies gathering a record of 1.2 lakh crore through initial public offerings in 2021, the rush is set to continue into the March 2022 quarter as about 24 companies are all set to raise an amount of Rs 44,000 crore through initial sales shares.
A large chunk of this capital is to be collected by technologically driven companies. Among them the hotel aggregator OYO, supply chain company Delhivery, Vedant Fashions, Paradeep Phosphates,Ixigo Adani Wilmar are ready to float their initial share-sales in the March quarter. Healthium Medtech, and Sahajanand Medical Technologies and Skanray Technologies are expected to make their public offering as their IPOs are under review, the merchant bankers said.
The tech companies want to expand globally and that will require capital. This capital is being picked up through the IPO route, said LearnApp.com founder and CEO Prateek Singh. The anchor investors and shareholders are also looking for their exit to get rewarded. The SEBI is expected to tighten their rules due to this exit activity leading to increased volatility on listing day.
2021 saw a huge retail investor participation with increased liquidity and huge listing gains. These factors are expected to play their part all through the March quarter according to merchant bankers.
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