Six companies are gearing up for IPOs this week as the environment is favorable
for raising funds through IPOs.
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| New ipo, |
What are the new companies listed in NSE
India Shelter Finance, Toms International, Inox India, Modisons Bu Jewellers,
Sooraj S Y Date Developers, 3 Muthut Microfin are coming up for new share
issue.
Together, these six companies are expected to raise at least Rs 5,000
crore.
Last November, 10 companies successfully raised funds through IPOs,
encouraging many companies.
In the current financial year, as of last November, 44 companies have issued
new shares, raising nearly Rs 35,000 crore.
According to market sources, this good response to the shares of some
recently issued companies and good domestic economic conditions are the
reasons for the increase in new share issues.
CompanyToms International...starting..13,12,2023, closing...15,12,2023. Amount raised...1,200 crores.INOX India...starting...14,12,2023, closing...18,12,2023. Amount raised...1,459 crores.Modisons Jewellers...starting...18,12,2023, closing...20.12.2023. The amount to be raised is 151 crores.India Shelter Finance....starting..13,12,2023, closing..15,12,2023. Amount raised...1,200 crores.Suraj Estate Developers...starting...18,12,2023, closing...20,12,2023, amount raised...400 Cr.Muthut Microbin....starting...18.12,2023, closing...20,12,2023, amount raised...960 crores.
And the results of the
recently
concluded state elections. One of the reasons is said to be favoring the
ruling BJP at the centre.
With the ruling party winning, investors are increasingly investing in the
market in anticipation of continued stability in the country.
These
new share issues are expected to be a great opportunity for investors. However,
before investing in any new stock issue, investors should analyze the
company's financial condition, technical performance, and market condition
and then decide.
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