Dalal Street witnesses heightened IPO activity as 12 companies prepare for listings, aiming to raise over Rs 4,600 crore. Last week saw Rs 4,000 crore worth of IPO launches.
The optimistic market is driven by robust economic growth, positive state election results, and strong domestic investments.
Key IPOs include Muthoot Microfin, Motisons Jewellers, Suraj Estate Developers, Happy Forgings, Credo Brands Marketing, Azad Engineering, Innova Captab, and Inox India. This reflects India's economic vitality, with expectations of sustained IPO momentum into 2024.