Four IPOs worth Rs 4000 crore is expected to hit the market in a few weeks
Published On: Saturday, May 15, 2021 | By: Team KnowMyStock
Four deals worth a cumulative Rs 4,000 crore is expected to hit the market over the next 3-5 weeks, said investment banking sources. Shyam Metalics, Dodla Dairy, Krishna Institute of Medical Sciences (KIMS) Hospitals, and Clean Science and Technology are among the companies planning to tap the market. While the recent volatility in the secondary markets is a concern, experts believe the sentiment towards IPOs is still buoyant. Bankers said many new investors had taken a liking to IPOs — a big confidence booster for issuers. “The immediate volatility is not a concern. People are factoring in the next financial year numbers. Investors expect the next year to be normal and growth-oriented, giving comfort to issuers,” said Ajay Saraf, executive director, ICICI Securities.
Experts said the markets have not given up significant gains despite volatility. Moreover, mid and small-cap stocks have done well so far this year. Most of the new issuances come under the mid- and small-cap category.
Tags: IPO Shyam Metalics Dodla Dairy Krishna Institute of Medical Sciences (KIMS) Hospitals Clean Science and Technology
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