IPO Calendar: Hyundai India and 2 other issues set to light up primary market next week
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The primary market will see its biggest offering till date from Hyundai Motor India next week as the automaker is planning to raise over Rs 27,000 crore through its IPO. Apart from this, two other SME IPOs from Lakshya Powertech and Freshara Agro will also open for subscription next week. Further, the Street will also see three listings including Garuda Construction, which opened in the week gone by. The issue of Garuda received decent response from investors with an overall subscription of 7.55 times at close. The IPO pipeline for the second half looks promising with 26 companies proposing to raise Rs 72,000 crore are sitting on Sebi approval. Another 55 companies looking to raise about Rs 89,000 crore are awaiting the regulator's nod. According to Haldea of PRIME Database Group, unless there is a black swan event, it is likely to be a record breaking year for IPOs. Here's what to look forward to next week: Hyundai India IPO The ...