Asia
Market Chatter: Five IPOs to Hit Indian Market Over Next Month to Raise INR35 Billion
India's primary market could see initial public offerings from five companies, worth about 35 billion Indian rupees, launched over the next month, Moneycontrol reported on Monday, citing people familiar with the matter.The companies preparing share sales through IPO include Advit Jewels, Turtlemint Fintech Solutions, Aastha Spintex, Waterways Leisure Tourism and Knack Packaging, the report noted.Among the proposed offerings, Turtlemint is expected to raise 15 billion rupees to 20 billion rupees, Money Control reported. The Fintech solutions provider is reportedly expected to launch the offering between June 19 and June 23.Waterways Leisure Tourism and Knack Packaging are targeting around 7.27 billion rupees and 6 billion rupees, respectively, according to the report.Additionally, Zepto has already filed draft papers, while Reliance Jio and the National Stock Exchange are also reportedly preparing for potential public offerings, according to Money Control.Advit Jewels, Turtlemint Fintech Solutions, Aastha Spintex, Waterways Leisure Tourism and Knack Packaging did not immediately respond to' requests for a response.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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