The pace of raising funds through IPOs in the primary market has remained constant. About a dozen companies, including Jio Platforms, Jetwork manufacturing business and Avada Electro, are preparing to launch their IPOs in October. IPOs of these companies are expected to provide new investment opportunities in sectors such as technology, health services, renewable energy, defense and manufacturing. Other companies preparing for IPOs this month include Fusion CX, HD Fire Protect, Tonbo Imaging, Bonfiglioli Transmission, Sahajanand Medical Technology, Paras Healthcare, NDR InvIT Trust, Gujarat Victory Forging and SFC Environmental Technology, according to information from Merchant Banker. So far this year, companies through 96 IPOs have raised Rs. Collected more than 1.1 lakh crores. 35 of these IPOs came to the market in the month of September alone.

The IPO of these companies is coming

1. The IPO of Reliance Industries Ltd’s telecom and digital services unit Jio Platform is expected to be the biggest attraction this month. According to sources, the company’s IPO will open on October 21 and close on October 23. It is expected to be India’s largest IPO ever.
2. HD Fire Protect has increased its Rs. 712 crore IPO per share at Rs. 258 to Rs. 271 has fixed the price range. The issue will open on October 13 and close on October 15. In this, the entire amount will be raised through promoter share sale (OFS).
3. At the same time, Fusion CX, an artificial intelligence-based customer experience services company, raised its Rs. 702 crore for the IPO per share at Rs. 275 to Rs. 289 price range has been fixed. Its issue will open from 14th October to 16th October.
4. Tech-based manufacturing platform Jetwork through its IPO raised around Rs. 5,000 crore is planned to be raised. In it Rs. 2,600 crore in fresh issue and an offer for sale of up to 9.68 crore shares. The company’s IPO will open on October 15 and close on October 19.
5. Defense tech sector company Tonbo Imaging has proposed an offer for sale of up to 1.22 crore shares. Its IPO will also open from October 15 to 19.
6. In the same period, Bonfiglioli Transmission, the Indian unit of the Bonfiglioli Group, will have its IPO. The company has proposed to offer for sale up to 4.32 crore shares.
7. Medical equipment maker Sahajanand Medical Technologies’ IPO will also open on October 15 and close on October 19. 1.38 crore shares will be offered for sale in this issue.
8. Avada Electro, a company in the renewable energy sector, raised Rs. 7,600 crore is planned to be raised. Paras Healthcare Rs. 1,800 crore and NDR InvIT Trust Rs. 750 crore is preparing to raise.
9. Gujarat Victory Forgings has proposed an IPO of up to 1.97 crore shares. The issue of these companies includes plans to both issue new shares and sell shares to existing shareholders.
10. Water and wastewater treatment solutions provider SFC Environmental Technologies has invested Rs. It has proposed an IPO comprising a fresh issue of 150 crore shares and an offer for sale of 1.23 crore shares.

What is the expert opinion?

Neha Aggarwal, Managing Director and Head of Equity Capital Markets at JM Financial Limited, said that the second half of the year has seen strong activity in the Indian primary market. However, due to stock market fluctuations and geopolitical developments, companies may have to choose the right time to launch an IPO, but investors are interested in shares of quality companies. He said the public issue market is being supported by adequate capital available with domestic institutional investors and preferred participation of foreign investors.