the primary market is set to see significant activity in the coming week with six new companies planning to raise over ₹7,300 crore through initial public offerings (IPOs). Tata Technologies and Indian Renewable Energy Development Agency (IREDA) are highlighted among the prominent companies.
Here’s a brief summary:
- Number of Companies:
- Six companies are planning to tap Dalal Street for funds through IPOs.
- Prominent Companies:
- Tata Technologies and Indian Renewable Energy Development Agency (IREDA) are mentioned as significant players among the six companies.
IPOs are a way for companies to raise capital by offering their shares to the public for the first time. Investors often closely watch IPOs as they can provide an opportunity to invest in companies during their early stages of going public.
Reasons Contributing To the Rise
A number of reasons have contributed to India’s increasing share of global IPOs. One of the main reasons is the improving macro-economic picture in the country. Indias GDP growth rate has once again picked up and the rate of inflation has also fallen further. This has improved investor confidence in India as a favorable destination for new businesses and IPOs.
The easing of regulatory norms has also contributed to India’s burgeoning popularity as a destination for IPOs. Sebi has liberalized the rules for companies to list themselves on the bourses. This has opened up newer avenues for companies to issue their shares in the market in addition to stock exchanges like the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The Investor Protection Framework in the country has also been strengthened, which has provided more legal protection to investors investing in IPOs. This in turn has led to more investors showing confidence in the market and investing in IPOs.
