New Delhi : The IPO lane is getting busy as at least seven companies, including Lodha Developers and HDFC Mutual Fund, are expected to hit the capital market in the coming week to raise over Rs 14,000 crore.
The first among the lot would be TCNS Clothing, which sells its products under W, Aurelia and Wishful brands, that will launch its Rs 1,125-crore initial share-sale this week.
While six others — Lodha Developers, HDFC Mutual Fund, Nekkanti Sea Foods, Flemingo Travel Retail, Patel Infrastructure and Genius Consultants — are expected to launch their respective IPOs in the coming week, according to merchant banking sources.
Together, these seven companies are aiming to raise more than Rs 14,000 crore, they added. “These companies have already secured markets regulator Sebi’s approval to float IPO and now they are expected to launch their initial public offers next month,” a merchant banker said. Moreover, 18 firms have raised Rs 23,670 crore through their respective IPOs in January-June this year.
Lodha may launch IPO this month
NEW DELHI: Real estate firm Lodha Developers plans to hit the capital market this month with its IPO to raise about Rs 5,500 crore, according to market sources. The developer had on July 6 received markets regulator Sebi’s go-ahead for the IPO. Reviving its IPO plan after eight years, the company had in April filed the draft red herring prospectus with the Sebi seeking approval to float an initial share-sale.
