The stage appears set for the launch of initial public offerings (IPOs) worth over ₹50,000 crore around Diwali — in late October or early November. Among the major upcoming offerings is carmaker Hyundai Motor India's IPO, which is expected to become the largest-ever in the country at over ₹25,000 crore.
In tow are foodtech major Swiggy's issue with an estimated size of ₹11,600 crore and renewable power player NTPC Green Energy's ₹10,000 crore offer.
If these IPOs are successfully executed, they could further cement India's position as a major global market power, while encouraging more companies to consider listing in the country, where valuation premium is among the highest globally.
In addition to the aforementioned marquee IPOs, offerings by Shapoorji Pallonji Group's Afcons Infrastructure (an infrastructure construction firm), which could raise over ₹6,500 crore, and solar panel manufacturer Waaree Energies, expected to seek a mopup of 7,500 crore , are in the pipeline.
Market experts suggest that these IPOs could cap a recordbreaking year for India in terms of equity capital raising.
This story is from the September 26, 2024 edition of Business Standard.
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This story is from the September 26, 2024 edition of Business Standard.
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