A total of 28 companies will bring their IPO during April-July, plan to raise a total of Rs 45,000 crore

SEBI has approved 28 companies to bring Initial Public Offering (IPO) during April-July in the financial year 2022-23. There is a plan to raise a total of Rs 45,000 crore through these IPOs.

SEBI has approved 28 companies to bring Initial Public Offering (IPO) during April-July in the financial year 2022-23.

SEBI has approved 28 companies to bring Initial Public Offering (IPO) during April-July in the financial year 2022-23. There is a plan to raise a total of Rs 45,000 crore through these IPOs. Companies that have received regulatory approval for IPO include lifestyle retail brand Fabindia, FIH Mobiles and Foxconn Technology Group subsidiary- Bharat FIH, TVS Supply Chain Solutions, Blackstone-backed Aadhar Housing Finance and McLeods Pharmaceuticals & Kids Clinic India Are included.

Dates not announced yet

Merchant bankers said that these companies have not yet announced the date for launching their IPOs and are waiting for the right time to make the offering. He said that the current market conditions are challenging. Prashant Rao, Director, Anand Rathi Investment Banking and Head of Equity Capital Markets, said the current environment is challenging and companies that have approvals are waiting for the right time to launch an IPO.

According to the Securities and Exchange Board of India (SEBI) data, a total of 28 companies received regulatory approval for raising capital through IPOs during April-July 2022-23. Together these companies are expected to raise Rs 45,000 crore.

So far in the current financial year, 11 companies have raised Rs 33,254 crore through IPO. A major part of this (Rs 20,557 crore) was from LIC’s IPO.

Tata group company will also bring IPO

At the same time, let us tell you that the process for the IPO of Tata Technology’s subsidiary Tata Motors has started. And if all goes well, Tata Tech’s IPO may hit the market by the end of this financial year. With the listing, Tata Tech will be the first group company to bring an IPO after 2004.

Earlier, pharmaceutical company Innova Captab Ltd has submitted preliminary documents with the Securities and Exchange Board of India (Sebi) to raise Rs 900 crore through an initial public offering (IPO). According to the documents, fresh equity shares of up to Rs 400 crore will be issued in the proposed IPO. Offer for sale (OFS) of 96 lakh equity shares will be brought by the promoters and other shareholders of the company.

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