If you are planning to invest in the stock market, then the month from October to September can be the best and if you are investing in the stock market for the first time then these three months can give you good profits. One can expect a pick-up in initial public offerings (IPOs) in the third quarter of the year as over 30 companies may launch fresh IPOs between October and December. Around 10 companies can launch IPO in this month of October. Through this IPO, companies can raise up to 20 thousand crores.
Target to raise 80 crore IPO
In a span of three months, she is planning to launch at least 35 IPOs, aiming to raise around Rs 80,000 crore if the stock market remains strong. According to experts, this time in October, the stock market can give a wonderful response that 10 new IPOs can be launched. Companies like Fincare Small Finance Bank, Utkarsh Small Finance Bank, Northern Arc Capital, Star Health & Allied Insurance, Nykaa, Macure Pharmaceuticals, Paytm, Police Bazaar and MobiKwik are likely to issue IPOs this month. A large number of IPOs are set to hit the market in the coming three months.
Also read: LIC to submit documents with SEBI next month, countdown begins for IPO
Raised IPO of 6,700 crores in September
All the above mentioned companies along with Star Health & Allied Insurance and Emcure Pharma are looking to raise Rs 4,000 crore to Rs 16,600 crore through their IPOs. By the way, the target for the coming three months has been kept around Rs 80,000 crore. According to media reports, companies like Paradip Phosphate, Vedanta Fashion, CMS Infosystems and Northern Arc are planning to raise around Rs 2,000 crore to Rs 2,500 crore. Let us inform that in the month of September, 5 companies had received about Rs 6,700 crore from IPO. In which companies like Vijaya Diagnostics, Sunsera Engineering, Amy Organics, Aditya Birla Sun Life and Paras Defense were involved.
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