Business
IPO rush continues: 16 issues to raise over Rs 7,000 crore this week
The mainboard IPOs lined up for the week from September 7 to 11 are Pranav Constructions, Glass Wall Systems India, Prasol Chemicals, Kanohar Electricals, Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects, Karamtara Engineering, Rentomojo, Asset Reconstruction Co India, Veegaland Developers and Manika Plastech.
In the SME segment, Apana Logistics, Infrax Renewable, Vinod Texworld and Amtech Esters will launch their IPOs.
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IPO fundraising has remained robust so far in September, with 14 mainboard issues raising around ₹7,640 crore. This follows a strong August, when 23 mainboard IPOs raised around ₹22,456 crore. In the SME segment, seven IPOs have raised ₹260 crore so far in September, compared with 23 issues that raised around ₹1,159 crore in August.
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