Till a year-and-a-half ago, the IPO market was very buzzing. Every week new IPOs were opening in the market, but now there is such a drought that many weeks are passing without an IPO. This year has been very slow so far in terms of IPOs. However, the picture may change in the remaining months of the year, as big names like Tata, Reliance and TVS are lined up to bring IPOs during the coming months.
Only 6 IPOs this year
As of now, 5 months of the year have passed and only 6 companies have come to the market with IPOs. One of these is the Nexus Select Trust writ issue. In this way, an average of only one IPO comes out every month. Actually, the performance of the stock market in the recent months has not been special. This is the reason why many companies have postponed the plan to bring IPO.
LIC made a bad impact
Apart from this, there are some factors, which are spoiling the trend of the IPO market. For example, if we look at all the IPOs that came last year, the most important was the IPO of the government insurance company LIC. It was also being discussed a lot and it was also the biggest in terms of size. Although the kind of environment that was created before the IPO came, the performance in the market was just opposite.
Tata is bringing two IPOs
Looking at the coming days, the situation is expected to change. The Tata group, one of the country’s largest corporate houses, is coming up with an IPO after a long time. The last IPO of the Tata group came in the year 2004, when TCS was listed in the market. After that now the IPO of Tata Play is about to come, whose size can be Rs 3000 crores. Apart from this, the IPO of Tata Technologies is also in the queue. It has submitted draft papers to SEBI, which is yet to be approved.
IPO of TVS and Jio
Similarly, TVS is bringing a new IPO in the market after almost 3 decades. Its last IPO came in 1994, when TVS Electronics was listed in the market. Now the IPO of TVS Supply Chain Solutions is going to come. This IPO can be up to Rs 750 crore. At the same time, Jio Financial’s IPO from Reliance family is also in the queue. Market experts are hopeful that the IPO of these 3 big houses can help in changing the market situation.
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