North India Statesman
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At least 25 Indian companies are going to bring IPOs worth Rs 22,000 crore in the near future. All these IPO proposals have received approval from market regulator SEBI. This information was given by the analyst on Friday. Analysts say that despite global fluctuations, the Indian stock market is performing well. Pentamath Capital Advisors said that in the first week of August, four companies simultaneously brought IPOs worth Rs 11,850 and all were successful.
The market continues to boom
Analysts say that the Indian stock market is continuing to rise even amid turmoil in global markets. However, the pace of this rise in future depends on the economic growth rate, the trend of global markets and the decision of the regulators. The IPO market in India is very hot these days. Shares of Ola Electric Mobility, which was listed a few days ago, hit an upper circuit of 20 per cent on Friday. The market value of the company increased to Rs 58,664 crore. Shares of Ola Electric are trading at Rs 133.08, up 75 per cent from its issue price of Rs 76.
Brainbee Solutions, the parent company of recently listed FirstCry, is trading at Rs 651 per share compared to its IPO price of Rs 465 per share. SIP numbers are very strong with . SIP business has been strong in the Indian market. SIPs worth Rs 23,331 crore were seen in July. This figure was Rs 21,262 crore in June.
