Upcoming IPO: The domestic stock market has made a stable start on the first day of the year. Earlier, 2023 had proved to be a very good year for the market. Especially from the point of view of IPO, 2023 was tremendous. A number of IPOs were seen throughout the year. The pace of these stock market activities is expected to continue in the new year. Right now many companies are standing in the queue to launch IPO.
So many IPOs launched in 2023
If we talk about last year, 57 IPOs were seen in the mainboard. This is the fourth highest number of IPOs in any one year. Mainboard’s IPOs together succeeded in raising about Rs 50 thousand crore from the market during the entire year. The SME platform was many times busier than the mainboard. During the entire year, about 180 IPOs were launched on the SME platform. Dozens of IPOs on both mainboard and SME platforms proved to be multibaggers.
Ola Electric IPO will be this big
Now talking about the new year, many big names are included in the companies launching IPO this year. The most prominent name among the companies included in the queue is Ola Electric. The EV company has recently submitted the draft of its IPO to SEBI. According to DRHP, the company is going to raise $700-800 million from the IPO.
First Cry’s IPO is coming
Omnichannel retailer First Cry has also filed a draft to launch an IPO. Big names like Mahindra Group and Amitabh Bachchan are already shareholders in this company. The company was planning to launch an IPO in 2022 itself, but due to market turmoil, the company postponed the plan. This company may try to raise 500-600 million dollars from IPO.
These companies also submitted drafts
Apart from these, in the coming days, Awfis Space Solutions Ltd of workspace sector, SaaS company Unicommerce of e-commerce sector, Aakash, subsidiary of edutech company Byju’s, fintech company PhonePe, hospitality startup Oyo, medtech company Farm Easy, food delivery company Swiggy, fintech sector IPOs of PayU India and MobiKwik may also come. All these have submitted drafts to market regulator SEBI to launch IPO.
