Three IPOs to hit primary market next week to raise Rs 1,858 crore
Three companies -- Sula Vineyards, Landmark Cars and Abans Holdings -- are set to launch their initial public offerings (IPOs) next week to collectively raise Rs 1,858 crore.
The initial share sales of wine producer Sula Vineyards and Abans Holdings, the financial services arm of Abans Group, will open for public subscription on December 12, while that of automobile dealership chain Landmark Cars will begin on December 13, data with stock exchanges showed.
This comes after 10 companies had floated their IPOs in the month of November.
In 2022 so far, as many as 33 companies have come out with their IPOs to mop up over Rs 55,000 crore. In 2021, 63 IPOs raised more than Rs 1.19 lakh crore, as per the data.
Ankit Yadav, Founder and Director of Market Maestroo, said all the three IPOs are coming at a time of interest rate hikes. Generally, there is an opportunity for making wealth from IPOs in low-rate scenarios where borrowing is easy.
"So today in high rates, the businesses who are