Next week is the IPO of Global Health, microfinance lender Fusion Micro Finance, cable and wireless harness maker DCX Systems, and Bikaji Foods International.
Upcoming IPO: There is important news for investors investing in IPOs. Four companies will go public next month. These companies include Global Health, which operates Medanta-branded hospitals, and microfinance lender Fusion Micro Finance. Other than that, two other companies poised to go public include DCX Systems and Bikaji Foods International, a manufacturer of cable and wireless harnesses.
Combined, these four companies could raise over Rs 4,500 crore from the IPO, according to merchant bank sources. The IPOs of Uniparts India and Five Star Business Finance could also take place in November, sources said.
How long can you invest in these companies?
The DCX IPO will open on October 31st and close on November 2nd. The Fusion Micro Finance IPO will open on November 2 and close on November 4. The IPO of Global Health and Bikaji Foods will open on November 3rd and close on November 7th. So far this year, that is, in 2022, 22 companies have gone public. These companies received over Rs 44,000 crores from the sale of shares.
Capitalization of the top 10 firms: The market capitalization of 9 of the top 10 companies increased by 90,319 crores, with Reliance Industries winning the most.
DCX System IPO
As part of the DCX Systems IPO, Rs 400 crore worth of new shares will be issued. At the same time, Rs 100 crore worth of shares will be sold by promoters NCBG Holdings Inc and VNG Technology under an offer of sale (OFS). The Bangalore-based company has already raised Rs 225 crore from anchor investors. The price range for the IPO was fixed at Rs 197-207 per share.
Fusion Micro Finance IPO
Fusion Micro Finance intends to raise Rs 1,104 crore through an IPO. Accordingly, the company will issue new shares worth Rs 600 crore. In addition, the founders and existing shareholders of the company will sell 1,36,95,466 ordinary shares under the OFS. The company has set a price range for the IPO at Rs 350-368 per share.
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Global Health IPO
As part of the Global Health IPO, Rs 500 crore worth of new shares will be issued. In addition, the company will sell 5.08 crores of shares under the OFS. The price range for the IPO was kept at Rs 319-336 per share. The company expects to raise Rs 2,206 crore from the IPO.
International IPO of Bikaji Foods
Bikaji intends to raise Rs 1,000 crore from the IPO. In addition, the founders of the company will sell 2.94 crores of shares under the OFS. All four companies will be listed on the BSE and NSE.
Good reaction of investors to the IPO
In this regard, Rs 1.19 million was raised through 63 IPOs last year, i.e. in 2021. Vinod Nair, head of research at Geojit Financial Services, said: “The IPO market has been weak this year due to volatility in secondary markets. Vinod Nair said that the IPO market has been weak so far, but despite this, the reaction of investors to the IPO has been very good. This is due to the fact that investors get the opportunity to invest in new companies at attractive prices. He said IPOs remain attractive to institutional investors as well. They get the opportunity to invest in high-quality new business, thereby diversifying schemes.