The primary market is gearing up for significant activity this week, with three companies — Blackstone-backed Aadhar Housing Finance, healthcare tech firm Indegene and travel distribution firm TBO Tek — poised to float IPOs aiming to collectively raise nearly Rs 6,400 crore.
Before that, JNK India garnered Rs 650 crore through its initial share-sale last month.
Since 2004, there hasn’t been a single IPO launch during May in the last four general election cycles. Typically, the April to June period during these years has been slow for the primary markets due to election uncertainty, said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors.
However, this trend has changed now with the launch of three mainboard initial public offerings (IPOs) next week.
Samir Bahl, CEO of Anand Rathi Advisors told PTI that the new trend is a positive sign indicating the maturing of the Indian capital markets and confidence in India’s long-term growth story irrespective of political …
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