IPO Rush: Hyundai, Swiggy, NTPC Green Energy Among Cos Looking to Raise Rs 60,000 Cr in Oct-Nov
October and November are shaping up to be a busy period for initial public offerings (IPOs) in India, with several high-profile companies looking to raise a combined Rs 60,000 crore. Some of the most anticipated IPOs include Hyundai Motor India, Swiggy, and NTPC Green Energy.
Hyundai Motor India is reportedly planning to raise around Rs 10,000 crore through its IPO. The company is one of the largest car manufacturers in India and has a strong presence in the domestic market.
Swiggy, the food delivery platform, is also expected to launch an IPO in the coming months. The company has seen strong growth in recent years and is now one of the leading players in the Indian food delivery market.
NTPC Green Energy, a subsidiary of the state-owned power generation company NTPC, is also planning to raise funds through an IPO. The company is focused on renewable energy and has a number of solar and wind power projects in India.
Other companies that are expected to launch IPOs in the coming months include Delhivery, PB Fintech (PolicyBazaar), and One 97 Communications (Paytm). These companies are all in various stages of their IPO preparations and are expected to launch their offerings in the next few months.
The upcoming IPO rush is a sign of the strong appetite for equity investments in India. Investors are attracted to the potential for high returns from IPOs, especially in sectors such as technology and renewable energy. The strong pipeline of IPOs is also expected to provide a boost to the Indian stock market.
The upcoming IPO rush is expected to provide a boost to the Indian stock market. Investors are attracted to the potential for high returns from IPOs, especially in sectors such as technology and renewable energy. The strong pipeline of IPOs is also expected to provide a boost to the Indian stock market.
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