InvestorQ : Can you tell me about the string of IPOs slated to hit the IPO market during the week from 15 March to 19 March? Do you see good response?
Dilmini Mercia made post

Can you tell me about the string of IPOs slated to hit the IPO market during the week from 15 March to 19 March? Do you see good response?

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Dawn Cherian answered.
4 months ago
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In the week, a total of 5 initial public offerings are slated to hit the market. The openings of these vary from 15 March to 17 March and all the IPOs will also close during the current week. In addition, the IPO of Anupam Rasayan, a specialty chemicals company, has already opened on 12-March and will be closing on 16-Mar.

The IPOs hitting the IPO segment during the current week include; Craftsman Automation and Laxmi Organics opening on 15-Mar, Kalyan Jewellers opening on 16-Mar while Suryoday Small Finance Bank and Nazara Technologies will open on 17-Mar. These 5 IPOs in aggregate will raise a total sum of Rs.3,764 crore from the IPO market during the week.

The Rakesh Jhunjhunwala backed gaming company, Nazara Technologies, will come out with a pure offer for sale or OFS where initial investors including IIFL will take a partial exit from the company. The remaining four IPOs will all be a combination of fresh issue of shares and a partial offer for sale where there will be some promoter offloading too.

In all the cases, the IPO issuers have already raised funds either through pre-IPO placements or through the anchor investor route. Apart from these IPOs opening, the IPO of MTAR Technologies and the IPO of Easy Trip will also get listed on the NSE and BSE during the current week. Clearly, there is a race to complete IPO formalities before the fiscal year end.

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