Priyanka Tiwari
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Suspense crime, Digital Desk : After a quiet period, India's stock market is set for an explosive week as a diverse group of companies prepares to launch Initial Public Offerings (IPOs) aiming to raise a colossal ₹15,000 crore. This flurry of activity signals a major resurgence in market confidence and investor appetite.
Leading the charge is HDB Financial Services, the non-banking subsidiary of the country's largest private lender, HDFC Bank. In what is expected to be one of the year's biggest market debuts, HDB Financial is looking to raise between ₹7,500 crore and ₹10,000 crore. The IPO will be an Offer for Sale (OFS), meaning the parent company, HDFC Bank, will be selling a portion of its stake to the public.
Joining the IPO frenzy is Allied Blenders and Distillers (ABD), the maker of the popular "Officer's Choice" whisky. The company aims to raise ₹1,500 crore through a combination of issuing new shares and an OFS from existing promoters.
The week will also see several other companies from various sectors test the market waters. This includes:
Stanley Lifestyles: A luxury and premium furniture manufacturer, seeking to raise ₹537 crore.
Vraj Iron and Steel: A steel products manufacturer, with a public issue of ₹171 crore.
Shivalik Bimetal Controls: An engineering components firm, launching an IPO worth ₹111 crore.
This packed schedule marks a significant shift in market sentiment, especially following the recent general elections. The successful listing of these companies is seen as a crucial test of the primary market's health and could pave the way for a long pipeline of other firms waiting to go public. For investors, next week presents a wide array of opportunities across finance, consumer goods, manufacturing, and luxury sectors.
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