Business · Markets · 1 hr ago

Eight Indian IPOs aim to raise about Rs 11,000 crore this week

Eight Indian IPOs aim to raise about Rs 11,000 crore this week

Eight companies in India are scheduled to open initial public offerings this week.

Together, they aim to raise about Rs 11,000 crore.

Six offerings are on the mainboard, while two are on the SME platform.

Zetwork Manufacturing is the largest, seeking nearly Rs 5,000 crore through new shares and an offer for sale.

Bonfiglioli Transmission aims to raise about Rs 2,500 crore, and Tonbo Imaging India is targeting Rs 1,500 crore.

The other mainboard offerings are from HD Fire Protect, Fusion CX and Medical Technologies.

Ravita Engineering Services and Vaibhav Vyapaar plan to raise Rs 110 crore and Rs 40 crore on the SME platform, respectively.

Sources

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