The market is expected to witness over half a dozen initial public offerings (IPOs) in June, with a total estimated value of between Rs 8,000 and Rs 10,000 crore.
Market sources predict that a mix of large and mid-sized main board initial public offerings (IPOs) will occur in June, even though some of the May public offerings appear to have gotten a somewhat muted response. The total IPO value was close to Rs 9,000 crore.
According to market sources, the initial public offerings (IPOs) of Sri Lotus Developers & Realty (Rs 800 crore), Travel Food Services (Rs 2,000 crore), Laxmi India Finance (Rs 200 crore), Indogulf Cropsciences (Rs 300 crore), and NSDL (Rs 3,000 crore) are anticipated to be introduced in June.
This is significant since investors, particularly those in the retail and high net worth categories, responded fairly drearily to several of the initial public offerings (IPOs) this month, particularly in the second half.
Aegis Vopak Terminals, Schloss Bangalore, Belrise Industries, Borana Weaves, Scoda Tubes, and Prostarm Info Systems were among the six main board initial public offerings (IPOs) that were launched this month.
Coincidentally, some of the earlier IPOs this month received a tremendous response from investors, whilst the ongoing IPOs are receiving a muted response. For example, Borana Weaves’ initial public offering (IPO) received around 148 subscriptions. In a similar vein, Belrise Industries’ IPO received 43 subscriptions.
Because four to five initial public offerings (IPOs) have occurred quickly after one another and at the same time, experts think that the decline in demand in the retail and HNI segments of the continuing issues may be the result of a bunching of issues. They claim that traditionally, grouping concerns has diluted demand.
