The others who are likely to hit the market are Le Travenues (Ixigo)’s Rs 1,000 crore issue, CJ Darcl Logistics (Rs 600 crore), Arkade Developers (Rs 500 crore), Dee Development Engineers Piping (Rs 500 crore), Denta Water & Infra Solutions, Shiva Pharmachem, SPC Lifesciences and Saraswati Saree Depot’s issues with Rs 300 crore each; Indo-Farm Equipment and Akme Fintrade’s Rs 250 crore each, and Onest’s Rs 130 crore issue and Kronox Lab Sciences’ Rs 120 crore, totalling Rs 12,750 crore. As per Axis Capital, this is the first time during the general elections that such a fund raising via IPO route has taken place, mopping up a whopping Rs 32,530 crore by eight issuers.
While the Vi issue was the largest with Rs 18,000 crore, the second-biggest was Bharti Hexacom from Bharit Airtel group ( Rs 4,275 cr), followed by Aadhar Housing Finance (Rs 3,000 cr), Go Digit General Insurance (Rs 2,615 cr), Indegene (Rs 1,842 cr), TBO Tek (Rs 1,551 cr), JNK India (Rs 649.5 cr) and Awfis Space Solutions (Rs 599 cr), totaling Rs 32,531 crore, making the first two months of fiscal 2025 one of the biggest in terms of mop-up.
