Companies raise nearly ₹9,000 crore in December IPO rush
The Hindu
As many as 12 companies raised ₹8,931.69 crore through initial share sales this month, making it the best IPO month in two years
As many as 12 companies raised ₹8,931.69 crore through initial share sales this month, making it the best IPO month in two years.
The previous best was December 2021, when 11 companies mopped up $9,534 crore through Initial Public Offerings (IPOs).
As per an analysis, 12 companies hit the market with their IPOs in December 2023.
This week, six companies got listed after their IPOs and one company will start trading on Thursday. Reflecting the bullishness in the primary market, three firms each made their stock market debut on Tuesday and Wednesday.
While Muthoot Microfin, Motisons Jewellers and Suraj Estate Developers got listed on Tuesday, Credo Brands, Happy Forgings and RBZ Jewellers made their debuts on Wednesday.
Earlier this month, Doms Industries, Flair, India Shelter Finance and Inox CVA listed on the bourses, while Azad Engineering is set to start trading on Thursday.
The listing date of Innova Captab, which has raised Rs 570 crore through an IPO, is yet to be announced.
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