This means investors, mainly promoters and institutional investors, have seen an overall appreciation of Rs 430,000 crore in their wealth from these IPOs.
Notably, almost 50% of IPOs have been primary tranche issuances, signaling that companies are raising fresh capital to expand their businesses or pay off debt. This demonstrates promoters confidence in the future prospects of their companies and their belief in the ability of the Indian market to fund their growth aspirations.
Tata Technologies is among the leading companies in the engineering research and design sector which has seen a boom in recent years, says Darshan Engineer.
Ozon, one of Russia s top e-commerce companies, raised nearly $1 billion in an initial public offering (IPO) in late 2020, a debut that sparked a mini-IPO boom for Russian firms.