IPO frenzy: Why promoters are rushing to list their subsidiaries
From Tata Motors and NTPC to HDFC Bank, Hero MotoCorp, and JSW group, top parent companies plan to list their subsidiaries in the near term.
From Tata Motors and NTPC to HDFC Bank, Hero MotoCorp, and JSW group, top parent companies plan to list their subsidiaries in the near term.
As many as 17 companies (main board and SME) submitted their IPO documents with the SEBI in a single day on September 30.
Ahead of opening of the IPO, shares of Bajaj Housing Finance were commanding a GMP of 81% in the grey market. The GMP of Tolins Tyres and Kross was 13.27% and 20.83%, respectively.
The ₹600 cr IPO of Interarch Building Products will open for subscription between August 19-21, while the tentative listing date is August 26.
Among main board IPOs, the public issue of ₹4,326 crore by Mankind Pharma was the largest in FY24, followed by Tata Tech (₹3,043 cr) and JSW Infra (₹2,800 cr).
From main board IPOs, ideaForge Technology will launch its public offer on June 26, Cyient DLM on June 27, and PKH Ventures on June 30