IPO Buzz in the Primary Market

The IPO rush in the Indian primary market is continuing, with several companies preparing to launch their issues this week. According to the details provided, 11 companies are set to raise a combined ₹7,055 crore between September 7 and 15. Most of the IPOs are scheduled to open for subscription on Tuesday and Wednesday. The upcoming issues include companies from real estate, engineering and manufacturing, payments and identity solutions, specialty chemicals and online rental services.

With these new issues, the number of IPOs launched in India this year is expected to rise to 75. The companies listed for IPO launches between September 7 and 10 include Pranav Constructions, Kanohar Electricals, Prasol Chemicals, Glasswall Systems (India), Rentomojo, Manipal Payment, Arcil, LCC Projects, Karamtara Engineering and Veegaland Developers. In August, 23 IPOs entered the market.