{"id":1285973,"date":"2024-10-04T13:34:17","date_gmt":"2024-10-04T08:04:17","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1285973"},"modified":"2024-10-04T13:34:38","modified_gmt":"2024-10-04T08:04:38","slug":"13-companies-file-ipo-papers-in-single-day","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/13-companies-file-ipo-papers-in-single-day\/","title":{"rendered":"13 Companies File IPO Papers In Single Day"},"content":{"rendered":"\n<p>Soon, a wave of initial public offerings (IPOs) is going to hit Dalal Street considering the fact that over a dozen companies such as Vikram Solar, Aditya Infotech, and Varindera Constructions, are filing preliminary papers with markets regulator Sebi in a single day.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Untitled-design-2-10-1280x720-1-1024x576.jpg\" alt=\"13 Companies File IPO Papers In Single Day\" class=\"wp-image-1285979\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Untitled-design-2-10-1280x720-1-1024x576.jpg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Untitled-design-2-10-1280x720-1-300x169.jpg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Untitled-design-2-10-1280x720-1-768x432.jpg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Untitled-design-2-10-1280x720-1.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>13 Companies Filed Draft Papers In A Single Day<\/strong><\/p>\n\n\n\n<p>Further, the draft papers filed by these companies on Monday indicate that these firms are expected to collectively garner at least Rs 8,000 crore.<\/p>\n\n\n\n<p>It appears that the news of these filing comes at a time when the <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/flood-of-ipos-13-companies-file-draft-papers-with-sebi-in-a-single-day-12833746.html\">primary market<\/a> is experiencing strong interest from both issuers and investors across various sectors.<\/p>\n\n\n\n<p>This has already started as 62 companies have already mobilized around Rs 64,000 crore collectively via mainboard.<\/p>\n\n\n\n<p>This is marking a 29 percent increase from Rs 49,436 crore collected by 57 firms through the route in the entire 2023.<\/p>\n\n\n\n<p>This recent momentum in IPO markets seems to have driven by several key macroeconomic, sector-specific factors and willingness of funds to look at new ideas, partially led by strong inflows into domestic mutual funds as well as the robust capital formation happening across corporate India, said Munish Aggarwal, the Managing Director Head \u2013 Equity Capital Markets at Equirus.&nbsp;<\/p>\n\n\n\n<p>Further adding, &#8220;Unless there is a major black swan event which disrupts global economy and markets, we expect the markets to continue with the momentum in 2025 with both number of transactions and issuance amount going up further.&#8221;&nbsp;<\/p>\n\n\n\n<p><strong>Tapping The Primary Market&nbsp;<\/strong><\/p>\n\n\n\n<p>Besides Vikram Solar, Aditya Infotech, and Varindera Constructions, there are other companies that have filed draft papers on Monday including Ajax Engineering, Rahee Infratech, Vikran Engineering, Midwest, Viney Corporation, Sambhv Steel Tubes, Jaro Institute of Technology Management and Research, All Time Plastics, Scoda Tubes, and Dev Accelerator.<\/p>\n\n\n\n<p>These companies plan to raise the funds for expansion plans, retire debt, support working capital requirements and provide exit routes to existing shareholders,hence they are tapping the primary market.<\/p>\n\n\n\n<p>For instance, the Solar module maker Vikram Solar&#8217;s proposed IPO is a combination of fresh issues of equities worth up to Rs 1,500 crore and an offer for sale (OFS) of up to 1.74 crore shares by its promoters.<\/p>\n\n\n\n<p>Similarly, another company, Aditya Infotech is all set to raise Rs 1,300 crore through an IPO comprising a fresh issue of equity shares worth Rs 500 crore and an OFS of shares valued Rs 800 crore by promoters.<\/p>\n\n\n\n<p>Same is the case of Varindera Constructions, its Rs 1,200-crore IPO is a mix of fresh issue of equity shares valued at Rs 900 crore and an OFS of shares worth Rs 300 crore by promoters.<\/p>\n\n\n\n<p>At the same time, the Infrastructure EPC company Vikran Engineering proposed an IPO comprising fresh issue of shares up to Rs 900 crore and an OFS of up to Rs 100 crore by the promoter.<\/p>\n\n\n\n<p>More than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy have lined up their IPOs over the next two months as they are planning to raise a combined Rs 60,000 crore, according to the merchant bankers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Soon, a wave of initial public offerings (IPOs) is going to hit Dalal Street considering the fact that over a dozen companies such as Vikram Solar, Aditya Infotech, and Varindera Constructions, are filing preliminary papers with markets regulator Sebi in a single day. 13 Companies Filed Draft Papers In A Single Day Further, the draft [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":1285979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1081],"class_list":["post-1285973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ipo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>13 Companies File 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