Upcoming IPOs 2024: September is going to be the busiest month for IPOs in 14 years: RBI

Upcoming IPOs 2024: September is going to be the busiest month for IPOs in 14 years: RBI


New Delhi:

The Indian stock market remains strong amid global challenges. In such a situation, the month of September is going to be very busy in terms of IPO in the last 14 years. The Reserve Bank of India (RBI) gave this information on Saturday. According to the Reserve Bank of India (RBI), so far more than 28 companies have entered the Indian stock market. Actually, the financial markets continue to fluctuate. In the primary equity market, the interest of small and medium enterprises (SMEs) in IPOs has increased, including domestic mutual funds.

According to the central bank’s monthly report, about 54 per cent of the IPO shares allotted to investors were sold within a week of listing.

“A growing number of listed companies are moving towards qualified institutional placement (QIP) to raise an estimated Rs 60,000 crore of funds in the first eight months of 2024,” the report said.

RBI said that with occasional improvements on global signals, the benchmark indices have risen in the secondary market and its outlook also remains strong.

Global funds are continuously investing heavily in the Indian loan market

Global funds are investing heavily in the Indian loan market for the fifth consecutive month since May 2024. On the other hand, corporate debt has remained low so far during the current financial year, while issuers waited for US rate cuts.

The Reserve Bank has said that large risk capital investors are moving very cautiously and the number of micro venture capital companies and founder-led funds is increasing in early-stage investments. Meanwhile, the Central Bank said in a statement, “Fintech lenders have acquired more than 52 percent share in private loans and are increasingly turning to private loans to raise funds and diversify loan sources.”


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