October Shines for IPO Market With ₹38,300 Crore Raised; More Big Issues Ahead in November

During the domestic stock market volatility, 89 companies have raised ₹1.25 lakh crore in the IPO space during the year so far. Out of this, 12 companies raised more than ₹38,300 crore in October itself. The last issue of the month will be that of Orkla, worth ₹1,667 crore. The secondary market saw a big jump this month, and with this, proposals are being made to raise ₹40,000 crore in November.

According to stock exchanges, Lenskart's ₹7,700 crore IPO will be the first issue of November. The major IPOs scheduled for November include ICICI Prudential (10,000 crore), Groww (7,000 crore), Boat (2,000 crore), and Pinelab (5,800 crore). Furthermore, Physixwala (3,870 crore), Prestige (2,500 crore), and Park Medi (5,800 crore) are also in line for their issues.

According to market analysts, approximately 80,000 crore rupees are expected to be raised in October and November this year alone. By December, companies could raise a total of over 2 lakh crore rupees. If this happens, it would be a record. The highest amount raised in IPO history was last year, at 1.59 lakh crore rupees, when 91 companies were listed on the stock market. However, with the exception of LG's issue, major IPOs have not received a strong response in recent times. LG's ₹11,600 crore issue was subscribed more than 52 times, and the shares were listed at over 50% of the price.