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Inox India, DOMS Industries among 5 companies to crowd IPO lane this week
The IPO lane is getting crowded as five companies, including India Shelter Finance and DOMS Industries, have lined up public offers this week on favourable market conditions.
The other three companies whose maiden public issues are slated to open are Inox Group entity Inox India, Jaipur-based retail jewellery company Motisons Jewellers and Mumbai-based Suraj Estate Developers, according to their Red Herring Prospectus (RHPs).
Together, these companies are estimated to raise at least Rs 4,200 crore.
This comes on the back of 10 companies successfully concluding their maiden public issues last month.
The list included the IPO (Initial Public Offerings) of Tata Technologies, which was the first company from the Tata Group to float an initial share sale in nearly two decades.
Tata Consultancy Services was the last IPO from the group in 2004.
Overall, the Indian IPO market witnessed more than 44 issues that collected around Rs 35,000 crore in the current fiscal FY24 (till November).