IPOs make a big splash in 2021. Many merchant bankers have said that large-scale public issues will come up in the last quarter of this financial year as well. About 24 companies are expected to raise Rs 44,000 crore. Most of these are not technology based companies.
63 companies came to IPO in 2021, including 'Oyo', 'Delivery'. Secured1.2 lakh crore. In addition, PowerGrid Invit raised Rs 7,735 crore.
High liquidity and huge listing have contributed to the participation of retail investors in the IPL. Major IPOs are expected in the quarter, including hotel aggregator Oyo (Rs 8,430 crore) and supply chain company Delivery (Rs 7,460 crore).
Apart from these, Adani Wilmer (Rs 4,500 crore), Emcure Pharma (Rs 4,000 crore), Vedanta Fashions (Rs 8,430 crore), Paradeep Phosphates (Rs 2,200 crore), Medanta (Rs 2,000 crore) and Ixigo (Rs. 1800 crores) are also ready for public issue.
Lock in period of 90 days ..
SEBI has recently tightened the rules regarding the use of funds raised through public issues. It said 35 per cent of the funds raised should be allocated for mergers / acquisitions and general corporate needs. Anchor has extended the 'lock-in period' to 90 days for investors to invest. This will apply to all issues starting on or after April 1, 2022.