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IPO Action: Investors to see 9 public issues worth Rs 4,400 crore next week, 4 firms lined up for listing

The primary market schedule will be full-packed this week starting from February 23,as a total nine IPOs are set to open for public subscription, and four new companies are lined up for their market debut. 

Nine companies, which approached capital markets, are going to raise Rs 4,405 crore via their initial public offerings (IPO) including Rs 4,173 crore worth fund raising by mainboard public issues. The participants will see total five IPOs opening for subscription on the first day of next week i.e. February 23 including Clean Max Enviro Energy Solutions, and Shree Ram Twistex from the mainboard segment. Clean Max Enviro Energy Solutions, which claims India’s largest commercial and industrial renewable energy provider, targets to raise Rs 3,100 crore via initial share sale at the upper price band of Rs 1,000-1,053 per share.

In fact, this is the biggest IPO in terms of size among all the nine IPOs. The IPO is a combination of fresh issuance of shares worth Rs 1,200, and an offer-for-sale of Rs 1,900 crore worth shares by promoters and investors. Of which, it already raised Rs 921 crore via anchor book on February 20.

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