Record 41 companies files for IPOs in September

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Key Points

Some of the major companies planning to go public in the coming months include NTPC Green, Hexaware Technologies, Vikram Solar, Aditya Infotech, Varindera Construction, Vikran Engineering, and Mauri Tech, reflecting the growing confidence of businesses across various sectors in accessing capital markets, indicating robust investor demand and a strong IPO pipeline...

Meanwhile, 40 IPOs were listed in FY2024, with 35 of them currently trading above their issue price, reflecting a consistent performance trend and indicating sustained investor interest and confidence in new market offerings...

Interestingly, investors sold 67.65 of shares by value within a week when IPO returns surpassed 20 per cent against 23.3 per cent for IPOs with negative returns...

The policy interventions introduced by SEBI in April 2022, specifically those pertaining to the Non-Institutional Investor (NII) share allotment processes, along with the Reserve Bank of India's (RBI) guidelines on IPO financing by Non-Banking Financial Companies (NBFCs), have had a signigicant effect on the market dynamics...

Oversubscription rates in the NII category have reduced from 38 times to 17 times and applications from "big ticket" NII investors, applying for more than Rs1 crore in IPOs, have dropped from an average of 626 per IPO prior to the policy changes to a mere 20 per IPO following the implementation of the new regulations..

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