Following 14 IPOs in the first half of the current fiscal year, 71 new IPOs are set to reach Dalal Street in the near future. Emcure Pharmaceuticals, Navi Technologies, Bikaji Food, and Mobikwik are just a few of the well-known companies planning to enter the primary market.

SEBI  has currently approved 71 businesses seeking to raise Rs 1,05,000 crore. Another 43 firms seeking to raise over Rs 70,000 crore are awaiting market regulator permission. Ten of the 114 firms are NATCs trying to raise approximately Rs 35,000 crore.

According to Pranav Haldea, Managing Director of Prime Database Group, IPO activity will be hindered by secondary market volatility, mostly due to recessionary fears and rising interest rates. A company’s IPO is a once-in-a-lifetime event, and as we’ve seen in the past, corporations would rather let their clearance lapse than launch their IPO in a tumultuous market.

SEBI approves more than 70 IPOs for listing on Dalal Street

Archean Chemical, Aadhar Housing Finance, Bharat FIH, Capital Small Finance Bank, Fab India, CMR Green Technologies, TVS Supply Chain Solutions, and VLCC would be among the other IPOs, according to Prime Database data.

On the list are API Holdings, Wellness Forever, TBO Tek, Sanathan Textiles, Puranik Builders, Penna Cement Industries, Keventer Agro, and Asianet Satellite Communications.

According to Prime Database, 14 Indian corporations raised Rs 35,456 crore through the IPO method in the first half of the fiscal year 2022-23. The sum raised was 32% less than the Rs 51,979 crore raised through 25 IPOs during the same time in 2021-22. According to Pranav Haldea, Managing Director, Prime Database Group, the LIC IPO raised Rs 20,557 crore or 58% of the total amount.

The greatest IPO during this time period, as well as the largest Indian IPO ever, was from LIC, which raised Rs 20,557 crore. This was followed by Delhivery (Rs 5,235 crore) and Rainbow Children’s (Rs 5,235 crore) (Rs 1,581 crore). Only one of the 14 IPOs (Delhivery) was from a new-age technology company (NATC), indicating a downturn in this sector’s IPOs. According to the data, the average deal size was a whopping Rs 2,533 crore.

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