IGI Logo

Below On IPO Commentary for the week of August 12 to August 18, 2023, and Outlook By Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd

“Had an action-packed week, 12-18 Aug, in the primary market, with 2 mainboard IPOs opened for listing, raising a total of INR 1,033 crore. Mainboard IPO SBFC Finance listed at robust premium of 44%.

The country’s primary market may be headed for a revival with at least 71 companies firming up plans to launch their IPOs in the second half of fiscal 2024, according to Delhi-based primary market tracker Prime Database. Recent IPOs gaining momentum with massive subscriptions and listing gains

It is worth noting that the IPO wave is very strong. Next week looks promising with IPOs on the horizon amounting to 351 crores”

Above views are of the author and not of the website kindly read disclaimer