This week, 7 IPOs to open, aiming to raise ₹2,000cr
Get ready for a busy week in the stock market; seven companies are launching their IPOs, aiming to raise over ₹2,000 crore.
Three of these (Powerica, Amir Chand Jagdish Kumar Exports, and Sai Parenteral) are mainboard IPOs that open on March 24 and close on March 27, together targeting over ₹1,900 crore (about ₹1,949 crore).
Powerica leads the pack with a ₹1,100 crore IPO
Powerica leads the pack with a ₹1,100 crore IPO focused on paying off debt.
Amir Chand Jagdish Kumar's ₹440 crore issue will boost its basmati rice export business, while Sai Parenteral is raising ₹409 crore for pharma expansion and R and D.
Plus, four SMEs—Vivid Electromech, Emiac Technologies, Highness Microelectronics, and Tipco Engineering—are also making their debut despite some ups and downs in SME participation lately.
If you're following new listings or curious about market trends, it's definitely a week to watch!