2 more public issues this week

New Delhi: The current month will continue to be a busy one for the  primary market, as two companies - Tarsons Products and  Go Fashion (India) Ltd - are set  to float their IPOs next week to  collectively raise Rs 2,038 crore.

The three-day IPO of life sciences firm Tarsons Products  will open on November 15 and  conclude on November 17, while  that of Go Fashion, which owns  women’s wear brand Go Colors,  will open for public subscription during November 17-22.

This comes after eight firms  have successfully concluded  their initial public offerings  (IPOs) in November so far. They  include One 97 Communication, owner of Paytm; FSN ECommerce Ventures, which  runs online marketplace Nykaa,  Policybazaar’s parent entity PB  Fintech, Fino Payments Bank,  Latent View Analytics, Sapphire Foods India, SJS Enterprises and Sigachi Industries.

So far in 2021, as many as 49  companies have floated their  IPOs to raise Rs 1.01 lakh crore,  according to an analysis of data  with exchanges.

Apart from these, PowerGrid  InvIT, the infrastructure investment trust (InvIT) sponsored by  the Power Grid Corporation of  India, mopped-up Rs 7,735 crore  through its IPO and Brookfield  India Real Estate Trust raised  Rs 3,800 crore via its initial  share sale. The fundraising  so far this year is way higher  than Rs 26,611crore collected  by 15 companies through initial  share-sales in the entire 2020.

Individually, Tarsons Products and Go Fashion are looking to raise Rs 1,024 crore and Rs  1,014 crore, respectively, through  their public listing of shares. -(PTI)