Amid strong market momentum, companies' across sectors are launching their IPOs to take advantage of this opportune time. And as per a leading business portal's report as many as 16 IPOs are lined up for launch in March. Amid volatility we have seen indices hit new highs then correct and then show upward move on strong global cues.
In the year 2020, capital raising through the route aggregated to over Rs 43,800 crore.
And so far in the ongoing year 2021, there has been launched 8 IPOs to aggregate a sum of Rs.12,720 crore,
The overall support extended by the secondary market is also providing boost to the public issues in the primary market.
On March 3, we shall see the launch of IPO by MTAR Technologies. While other IPOs eyed are from Anupam Rasayan, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, Nazara Technologies, Aadhar Housing Finance, Kalyan Jewellers India, India Pesticides and Power Grid Corporation InvIT. These IPOs may raise more than Rs 25,000 crore.
"We believe the Indian stock market will continue its optimistic trend in the medium term and the primary market will also mirror the same story. Primary issues are dependent on the swing of the secondary market and if secondary market activity is high, then the primary market is also high and in favour of the issuers," Tapse said.]
For now as the government policies favour, together with better than expected earnings and FII flow, there could be just intermittent fall and not a steep one.