Bharat Road Network Ltd and Matrimony.Com,Dixon Technologies and construction company Capacit'e Infraprojectsare expected to come out with their IPOs.
Looking to tap into the upbeat investor sentiment, as many as four companies, including Bharat Road Network Ltd and Matrimony.Com, are expected to come out with their IPOs (initial public offers) next month to raise over Rs 2,500 crore.The other two firms are consumer electronics manufacturer Dixon Technologies and construction company Capacit'e Infraprojects.
These four companies are expected to float their IPOs in September to garner over Rs 2,500 crore, merchant banking sources said. Proceeds from the sales will be primarily used for expansion plans, repayment of loans and general corporate purposes.
These four IPO's will hit the market very soon.
Bharat Road Network
The initial share-sale offer of Bharat Road Network, a Srei Infrastructure Finance initiative, will be open for public subscription during September 6-8, Srei Infrastructure Finance announced last week. The company's IPO consists of up to 29.30 lakh equity shares of face value of Rs 10 each. According to sources, the firm is expected to raise an estimated Rs 1,200 crore through an IPO.
Dixon Technologies
Dixon Technologies plans to raise an estimated Rs 600-650 crore through its initial public offering, sources said. The IPO, which comprises the fresh issue of shares worth Rs 60 crore and an offer for sale of up to 3,753,739 equity scrips by the existing shareholders, will also be open on September 6 and close on September 8.
Matrimony.Com
The public issue of Matrimony.Com, which runs online match making business under BharatMatrimony brand, is expected to raise Rs 350 crore, sources said. The IPO comprises fresh issue aggregating up to Rs 130 crore and an offer for sale of up to 3,767,254 equity shares. 6 Best Investing Tips To Do In Your 30s
Capacit'e Infraprojects
Capacit'e Infraprojects has received capital markets regulator Sebi's approval to raise IPO in June this year. Capacit'e Infraprojects is expected to mop-up Rs 400 crore through its initial public offering. Funds raised through the issue will be utilized for working capital requirements, purchase of capital assets and for general corporate purposes.
IPO's in 2017
Amid persisting bullish market sentiments, despite intermittent volatility, around two dozen companies have filed preliminary papers for IPOs with the regulator Sebi so far this year. So far this year, a total of 17 companies, including BSE, Avenue Supermarts, Housing and Urban Development Corporation (Hudco), Eris Lifesciences and Cochin Shipyard, mopped-up more than Rs 12,000 crore through initial share-sale offers.
Trends in IPO segment
Going by current trends, the IPO segment is expected to see better performance in 2017 compared to last year when 26 companies collectively mopped up more than Rs 26,000 crore making 2016 the best in six years. 6 Biggest Mistakes Stock Market Investors Makes
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