Mumbai is currently like a beehive of excitement! Imagine six different companies gearing up to throw a big financial party by going public. They hope to gather a jaw-dropping ₹6,000 crore in the time leading up to Diwali and the weeks that follow. Why now, you ask?
Well, the market is currently in great shape, and investors are as enthusiastic as kids in a candy store. So, these companies are seizing this golden opportunity to make their debut on the stock market. It’s like they’re all set for the financial fireworks of Diwali!
Mamaearth, Cello World, Flair Writing Industries, ESAF Small Finance Bank, Blue Jet Healthcare, Protean eGov Technologies, and ASK Automotive are getting ready to make their stock market debuts just before the festive season of Diwali, which begins on November 10. This exciting news comes from three insiders who are in the know about these companies’ intentions.
Blue Jet Healthcare is inviting people to become part-owners of their company by offering shares for purchase starting on October 25th. If you’re a fan of Mamaearth, you’ll be happy to know that their parent company, Honasa Consumer, is planning to do the same later in the week.
Keep an eye out for Flair Writing Industries, which is looking to join the stock market either towards the end of October or the beginning of November.
As for Protean e-Gov Technologies and Ask Automotive, they’re both preparing to launch their IPOs between November 6th and November 10th, offering people the chance to invest in their companies. This info comes from someone who prefers to remain anonymous.
In the world of business, Tata Technologies is planning to make a big financial move. They want to collect a whopping ₹4,000 crore by selling their shares to the public, which is known as an IPO (Initial Public Offering). This exciting opportunity for people to buy Tata Technologies’ shares is expected to happen shortly after the joyful Diwali festival, likely in the last week of November. It’s like a financial firework show after the festivities!
“The stock market’s looking pretty lively for companies wanting to go public and raise money through IPOs. It’s been strong, and we’re not expecting it to slow down anytime soon, at least for the rest of the year.
Right now, many companies are getting ready to officially launch their IPOs – they’re like athletes warming up before a big race. So, in the next four weeks, just before and after Diwali, we’re expecting about 6 to 8 new IPOs across various industries. It’s an exciting time,” said Pinak Bhattacharyya, who’s in charge of corporate finance at IIFL Capital.”
“In 2023, the Nifty 50 index from India’s National Stock Exchange had a fantastic run, delivering a healthy 7.9% increase since the beginning of the year. This performance has been like a magnet for eager investors, drawing them in with the promise of potential gains.”
The recent surge in stock market prices has made bankers and company leaders feel more confident about asking regular people like us to invest in their businesses by buying their stocks. They believe there are plenty of people who want to invest in these opportunities.
Additionally, because the country is going to have elections next May, companies are trying to raise money quickly in case the stock market becomes uncertain around election time.
