Flood of IPOs: 13 cos file draft papers with Sebi in a single day

Over Rs 8000 crore to be raised collectively

PTI New Delhi: A wave of initial public offerings (IPOs) is set to hit Dalal Street with over a dozen companies, including Vikram Solar, Aditya Infotech, and Varindera Constructions, filing preliminary papers with markets regulator Sebi in a single day. These firms are expected to collectively garner at least Rs 8,000 crore, according to the draft papers filed by them on Monday. These IPOs are across sectors, deal size, and combination of fresh issues and offer for sale (OFS). The filing comes at a time when the primary market is experiencing strong interest from both issuers and investors across various sectors.

Moreover, 62 companies have already mobilised around Rs 64,000 crore collectively via mainboard, marking a 29 per cent increase from Rs 49,436 crore collected by 57 firms through the route in the entire 2023. The strong momentum in IPO markets is driven by several key macroeconomic, sector-specific factors and willingness of funds to look at new ideas, partially led by strong inflows into domestic mutual funds as well as the robust capital formation happening across corporate India, Munish Aggarwal, Managing Director Head - Equity Capital Markets at Equirus, said. "Unless there is a major black swan event which disrupts global economy and markets, we expect the markets to continue with the momentum in 2025 with both number of transactions and issuance amount going up further," he added.

Apart from Vikram Solar, Aditya Infotech, and Varindera Constructions, other companies that filed draft papers on Monday are Ajax Engineering, Rahee Infratech, Vikran Engineering, Midwest, Viney Corporation, Sambhv Steel Tubes, Jaro Institute of Technology Management and Research, All Time Plastics Ltd, Scoda Tubes, and Dev Accelerator.