15 IPOs estimated to be worth Rs 20,455 cr to be launched in September, biggest IPO pipeline in 14 years

As the secondary market seems to be in slow lane after exorbitant gains as global cues weigh, the primary market is abuzz. As per Zee Business research team, in September as many as 15 companies are slated to launch their public issues.

This time in September as many as 15 companies similar to 2010 will launch their public issues as reported by the Research team.

IPOs openingin September

Company Issue Size (cr)

Afcons Infra 7000*

Bajaj Housing Finance 6560

StockGD

Niva Bupa Helaath Insurance 3000*

P N Gadgil 1100

Kross 500

Western Carriers 500*

Northern Arc 500*

Arkade Developers 430*

Shivalik Engineering 335*

Tollins Tyres 230

Shree Tripuati balajee 170

Diffusion Enginering 130*

*Estimated

Months No Of IPO Amt raised (cr)

September 2023 14 11,893

August 2024 10 17,110

February 2024 11 7,489

IPO lineup in 2024 versus 2023

In 2023, as many as 58 companies launched their issues, while in 2024 already 56 companies have rolled out their public issues. Of which 43 companies gave profits upon listing. Meanwhile, 3 companies namely

SK Finance, Belstar Microfinance and Transrail Lighting have received an approval for their DRHP.