Hyderabad: After Lull Long, there is an initial public offering (IPO) rushed in Dalal Street and many Hyderabad companies also jumped to the bandwagon.
Some of the leading city companies have become public in recent months including KIMS Hospital (RS 2,143.74 Size IPO), Vijaya Diagnostic Center (RS 1,894 Crore), Mtar Technologies (RS 596 Crore) and Dodla Dairy (RS 520 Crore) , among others.
Some will come including Electronics Mart India Ltd (Rs 500 Crore), Medplus Health Services (RS 1,639 Crore), Pena Cements (RS 1,550 Crore), Gemini Edibles & Fats (RS 2,500 Crore), Hariom Pipe Inds Ltd (Rs 120 Crore ) And Sigachi Industries (Rs 125 Crore).
Indicates that Pharma and the health sector have become one of the largest wealth creators in Hyderabad, Cherukuri Pasar Analyst in Kutumba Rao said this explains why many health care sector players from the city have gone for IPO and if buoyancy on the market continues, many more are not registered Players may be asked to take market routes to increase capital for expansion in the next few months.
Rao also added that the success of the mtar problem and a recent sharp increase in the mtar market close could also request many defense players and techniques to go for IPO too.
“Hyderabad has historically become a substitute for large funds and this year, there are a number of companies from the health care segment.
The booming market and there seems to be an IPO bundling originating from certain cities besides Mumbai, where the stock market is located, and therefore we are See many companies that come from Hyderabad too, “Arun Kejriwal, founder of Mumbai-based Kejriwal Research & Investment Services Pvt Ltd, said.
Kejriwal shows that sharp rallies on the market have provided encouragement to companies who want to collect capital.
However, one big difference this time is that most problems that come to the market are not necessarily fresh problems and some ‘offers for sale’ such as GEF problems.
Offers for sales components are given to people who leave the company or sell their shares, which are mainly led by private equity players this time.
“On average, whatever between 75-80% is through offers for sale and the rest by fresh problems lately,” he said.
Like per year Indian IPO Q2 report, in BSE and NSE, there are seven IPOs in Q2 2021 compared to the IPO on Q2 2020 and 17 IPOs at Q1 2021.
“This represents a 100% increase compared to Q2 2020 and a 59% decrease compared to Q1 2021.
IPO pipes have more than 40 companies that have filed their draft Red Herring Prospectus (DRHPS) and more than 30 companies supported by PE are planning out, “the report said.
It shows that in accordance with the recent DRHP submission, most active sectors are technology, health care, and consumer and retail products.