IPOs Worth About Rs 30,000 Crore To Be Launched In Market
IPOs worth about Rs 30,000 crore are to be launched in the market. The IPO market is coming again, keep money ready for offers from other companies including Yatra.
You will get another round of earnings till Dussehra-Diwali. Yes, IPO (Initial Public Offer) of many technology companies including Yatra, Paras Defense is about to hit the market.
In this, the date of the IPO of Paras Defense has also been fixed. At the same time, Yatra is considering an IPO of its subsidiary’s unit.
If Sebi is to be believed, IPOs worth about Rs 30,000 crore are about to come into the market.
Speaking at an event organized by industry body CII, SEBI Chief Ajay Tyagi said that the increasing number of unicorns in startup systems is a testimony to the advent of new-age technology companies in our economy.
He said that in the last 18 months, it has raised Rs 15,000 crore through an initial share issue (IPO).
Tyagi said these companies often follow a different business model, focusing more on rapid growth rather than immediate profit.
He said that during the last 18 months, these companies have raised around Rs 15,000 crore through IPO (Initial Public Offering).
At the same time, the information given to SEBI shows that more IPOs of these companies worth Rs 30 thousand crores are in the pipeline.
Tyagi said there has been a spurt in raising capital through IPOs recently. During the financial year 2020-21, Rs 46,000 crore was raised through IPO.
This figure is more than double the Rs 21,000 crore raised through IPO in the previous financial year.
On the other hand, Paras Defense and Space Technologies has fixed a price band of Rs 165 to 175 per share for the upcoming IPO on September 21.
The issue of the company will have shares worth Rs 140.6 crore. There will be 1724490 equity shares in OFS.
Online travel company Yatra online has said that it is looking to list its subsidiary in the Indian market. Along with this, it will also be listed on the US stock exchange Nasdaq.
The company said in a statement that it has engaged leading Indian financial advisors for evaluation in this regard.
