This is wonderful news for you if you have a possibility to profit from the stock market in the ensuing half. In the upcoming six months, there will be many company IPO. Let us inform you that 31 companies filed for initial public offerings during the first quarter of this fiscal year. In order to raise Rs 38,000 crore, 28 companies are preparing to go public in the upcoming quarter.
There are 41 enterprises awaiting SEBI’s approval.
On the other side, 41 businesses are awaiting SEBI’s approval to raise Rs 44,000 crore through an IPO.
IPOs have more than doubled.
In the first half of the current financial year, PrimeDatabase reported that the amount raised through IPO fell by 26% year over year to Rs 26,300 crore. However, compared to last year, when there were 14 IPOs, there were more than twice as many (31) during this time.
The IPO price for Oyo will be Rs. 8300 crore.
Out of the 69 forthcoming initial public offerings, three are new-generation technology businesses that plan to raise a combined Rs 12,000 crore, according to Pranab Haldia, managing director of PrimeDatabase. Oyo’s IPO, which raised Rs 8,300 crore, stands out among them.
What is the IPO?
Initial Public Offering, or IPO in its complete form, is how it is referred to in Hindi. The procedure through which a private limited company is listed on the NSE and BSE is known by this term. Through an IPO, shares are listed. The business offers its shares for purchase and sale on the stock market through it.
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