Thursday, November 23, 2023

In occupied Initial public offering week on Dalal Road, 5 cos hope to raise 7.4k crore


MUMBAI: In one of the most active weeks for Initial public offerings in years, Dalal Road will see five lady public contributions, which plan to assemble almost Rs 7,400 crore.

With the Rs 3,043-crore offer, Goodbye Advances will be the greatest. The other four are: Indian Sustainable power Improvement Office (IREDA), Pizazz Composing, Gandhar Petroleum Processing plant and Fedbank Monetary. While the IREDA issue closes on November 23, different four are set to close the following day.

On Wednesday, the Goodbye Tech Initial public offering was bought in inside two or three hours of opening, and shut the day with a 6.6 times oversubscription. This is the main such contribution for a Goodbye Gathering organization in almost 20 years and there's solid premium from all classifications of financial backers for it, market players said.

As per Prashanth Tapse, senior VP (research), Mehta Values, the Goodbye Tech Initial public offering is high sought after among a wide range of financial backers because of its heritage and business execution.

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