By Malvika Gurung Investing.com -- Four companies are scheduled to launch their initial public offerings in the week starting Oct 31. As per merchant
By Malvika Gurung
Investing.com — Four companies are scheduled to launch their initial public offerings in the week starting Oct 31. As per merchant banking sources, these companies are likely to fetch over Rs 4,500 crore through their public offerings collectively.
The four companies include,
- the electronic sub-systems and cable harnesses manufacturer, DCX Systems,
- Global Health, which operates a network of 5 hospitals under the Medanta brand,
- the microfinance loan provider Fusion Micro Finance, and
- the FMCG company Bikaji Foods International.
The IPO market is going to remain busy in the upcoming week. Speaking upon this market, Vinod Nair of Geojit Financial Services has said that weakness in the IPOs market in 2022 is due to volatility in the secondary market, with the trend likely to remain subdued going ahead.
“However, the response of investors in the offered IPOs was decent because of the opportunity to invest in new companies at attractive prices.
This was also in the context of high liquidity available from HNIs & retail investors looking for listing gains. In majority, IPOs were also attractive for institutional investors to invest in high-quality new businesses bringing diversification to schemes,” Nair added.
As per data from exchanges, a total of 22 companies have launched their IPOs so far in the year, raising over Rs 44,000 crore, compared to 63 IPOs raising over Rs 1.19 lakh crore in 2021.
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