Street Signs Highlight Stock Market Trading: 10 IPOs Raised Rs 17,110 Cr
Stock Market Trading in August: A Record Surge
In August, 10 initial public offerings (IPOs) raised Rs 17,110 crore, marking the highest monthly total since May 2022. Despite this impressive fundraise, the momentum remains vigorous, with Rs 8,390 crore worth of IPOs lined up for this week alone. These include Bajaj Housing Finance (Rs 6,560 crore), PN Gadgil Jewellers (Rs 1,100 crore), Kross (Rs 500 crore), and Tolins Tyres (Rs 23 crore).
Future Listings and Market Sentiment
Additional offerings are on the horizon, with Western Carriers (India), Arkade Developers, and Northern Arc preparing to launch their issues soon. This surge is driven by remarkable gains for new listings, with Premier Energies and ECOS (India) Mobility & Hospitality trading at 143 per cent and 31 per cent above their issue prices, respectively.
- Bajaj Housing’s grey market premium also exceeds 70 per cent.
- Amidst this excitement, experts advise investors to be discerning and selective.
- Focusing on high-quality issuances can lead to better returns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.