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In addition to the IPO filings, nine state governments and a Union Territory successfully raised Rs 189 billion ($2.52 billion) at a bond auction during this period. This fundraising activity underscores the continued optimism in the market.
However, it’s worth noting that while DRHP filings have remained strong, IPO fundraising has slightly decreased in the first half of CY23. Despite this decrease, block deals have maintained their strength throughout the same period.
The coming week is set to be busy with seven IPOs launching. Among these, subscriptions are particularly advised for Cello World’s IPO slated for October 30, IdeaForge Tech’s oversubscribed IPO closing on June 30, and IKIO Lighting’s IPO.
Investors are cautioned against ten common mistakes in this buoyant IPO market. Further details on these warnings and other premium content are available to BS Premium subscribers.
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