Out of IPOs: 71 issues worth Rs 1 lakh crore in the queue, will get a bumper chance of earning
During the first 6 months of the financial year, companies have raised Rs 35,000 crore through IPO. Whereas in the same period last year, the companies had raised about 52 thousand crore rupees.
71 issues in line for IPO
There are going to be many big opportunities for earning in the coming time in the stock market. According to a report, at present 71 IPOs are in the queue, whose total issue size is a little more than one lakh crore rupees. According to market watchers, at present stock market The ongoing uncertainty in the U.S. has raised some apprehensions, but for now, the pipeline looks attractive. Last year, many such IPOs came in the market, which made investors earn a lot on the day of listing. Investors are expecting the same performance from the IPO market.
Who is in line for IPO
According to a report by Financial Express, 70 companies that have planned to raise money through listing in the market. Among them are Bikaji Foods, Emcure Pharma, MobiKwik and Navi Technologies to name a few. These companies have got the green signal from SEBI to enter the market. At the same time, 40 companies have sought approval for the issue from SEBI and have filed documents. These 40 companies are planning to raise a total of 70 thousand crore rupees. Half of these companies standing in the line of IPO are new-age tech companies.
Due to uncertainty in the stock market, there was no significant movement in the primary market in the first 6 months of the current financial year. During the first 6 months, companies have raised only 35 thousand crores through IPO. Whereas in the same period last year, the companies had raised about 52 thousand crore rupees.
Fears from the wall in the market are also not less
Financial Express quoted market experts as saying that even though the pipeline is long, companies will enter the market only when the market signals are strong. According to market experts, there have been many occasions in the last decade when the list of companies planning to enter the market was very long, but due to the pressure in the situation, very few companies had raised money. According to him, if the volatility in the market continues, then there is a possibility that the companies will make full use of the time given by SEBI.