IPO Market: The market will remain buzzing even in December, 10 companies will bring IPO of 10,000 crores
The initial public offering (IPO) market will remain volatile in December as well. Over Rs.10,000 crore of 10 companies during the month initial public offering plan to present. Merchant banking sources said this on Wednesday. Currently, the IPOs of Star Health & Allied Insurance and Tega Industries are open. Earlier last month also 10 companies had successfully presented their IPO.
The companies that are planning to launch their IPOs this month are RateGain Travel Technologies and Anand Rathi Wealth Ltd. Are included. RateGain is a travel and hospitality technology services provider while Anand Rathi Wealth is part of the financial services group Anand Rathi. RateGain’s initial share sale of Rs 1,335 crore will open for public subscription during December 7-9, and Anand Rathi Wealth’s IPO of Rs 660 crore will open on December 2.
In addition, companies going for IPO include Global Health Ltd., which operates and manages hospitals under the Medanta brand, pharmacy retail chain MedPlus Health Services and Healthium Medtech. In addition, Metro Brand, Shriram Properties, AGS Transact Technologies, Shree Bajrang Power & Ispat and VLCC Health Care may also launch IPOs in December.
Investment bankers said these companies would collectively raise more than Rs 10,000 crore.
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