Start-ups offering flight to the IPO market, many have received more than 100 applications

There is competition between the Sensex and the Public Sector (IPO) in the stock markets. Within 20 days of August, 23 companies had set a new record by submitting documents to SEBI for permission to IPO.

These IPO documents have been filed to raise Rs 40,000 crore from the market. At the same time, eight companies are already on the market and have raised Rs 18,200 crore from the market. Many of these companies are in the start-up sector. These include financial technology, e-commerce, online travel and SaaS (Software-as-a-Service).

The IPO year could be 2021

According to available data, over 40 IPOs so far this year are worth Rs 70,000 crore. Applications have been received more than 100 times for multiple IPOs. In this, the interest of the investor and especially the retail investors are clearly visible. Many brokerage companies say that the number of IPOs this year may exceed 100. The activity in the IPO market has increased so much that it has attracted the attention of the country’s central bank. The Reserve Bank in its new bulletin states that 2021 may be the year of IPO for the country.

These companies have filed documents

PB Fintech, the promoter of insurance distributor PolicyBazar, filed documents with SEBI for the IPO this month, seeking SEBI’s approval for the issue of Rs 6,000 crore. Pune-based Encore Pharma is looking to enter the capital market to raise Rs 5,000 crore. Adani Wilmar, the FMCG division of the Adani Group, has sought approval from an investment regulator for FSN e-Commerce, an IPO of Rs 4,500 crore and a holding company of Mumbai-based online fashion and apparel brand Nika. 4,000 crores.

Also Read: If you are an EPFO ​​member, submit an e-nomination and get Rs.

The list also includes promoters of Gurugram-based Lee TravelNews Technology and online travel booking company Exigo. 1800 crores through IPO. The list includes RateGain Travel Technologies, which is looking to launch an IPO of Rs 1,500 crore. Based in Noida, RateGain is the country’s largest software-as-a-service (SaaS) company in the hospitality and travel sector. In addition, Tarsons Products in Kolkata is seeking Rs 1500 crore, Kochi’s popular vehicles and services worth Rs 700 crore, VLCC and Sapphire Foods IPI.

Disclaimer: The above information is for general informational purposes only. We are not uploading or coping any content without relevant content owner permission, All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.