Next week s primary market features the mainboard IPO of JNK India and three SME public offers. Despite a slow start to the fiscal year, analysts are optimistic about upcoming public issues, citing increased domestic capital, improved governance, Indian entrepreneurship, and supportive government policies. Additionally, four listings are anticipated, including Greenhitech Ventures, Grill Splendour Services, Ramdevbaba Solvent, and Faalcon Concepts.
This week’s market update takes a deep dive into the dynamic landscape of both domestic and international markets, offering insights into the pulse of investor sentiment from April 13 to April 19, 2024.
Fundraising via the initial public offering (IPO) route by companies may touch Rs 1 trillion in financial year 2024-25 (FY25), according to a recent note by Pantomath Group - a mid-market investment bank.
During the financial year 2023-24 (FY24), 76 companies tapped the markets through mainboard IPOs, Pantomath said, raising nearly Rs 62,862 crore.
This is a 21 per cent rise compared to FY23, the note added.
Even though there are no new IPO launches next week, the Street will see the listing of Bharti Hexacom s public offer, which received a healthy subscription of nearly 30 times.