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- Upcoming IPOs in September 2020 In India Latest List Updates | UTI AMC IPO to Angel Broking IPO Date, Mazagon Dock Ipo Opening Date
MumbaiOne hour agoAuthor: Ajit Singh
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Statistics show that in the successful months, a total of two IPOs came in July 2018 and they raised Rs 3,900 crore whereas in March 2019, two IPOs raised about Rs 5,000 crore.
- A total of 8,000 crore IPOs came in March 2018 and two IPOs have come this month, while the remaining five can come in 15 days.
- On September 21, the IPO of CAMS, Kemkan Specialty will open, followed by the IPO of UTI, Angel Broking and Mazgaon Dock.
September month is going to be the most successful month for IPO after two and a half years. There are a total of 5 IPOs in this month. While two IPOs have already come. In this way, a total of more than 8,000 crore IPOs will come in this month. Earlier in March 2018, IPOs worth Rs 8,000 crore came.
Cams can raise 2,200 to 2,400 crores
According to the data, the IPO of CAMS and Kemkan Specialty, which serves mutual funds, will open on September 21. Cams will raise around Rs 2,400 crore from this IPO, while Kemakan will raise Rs 400 crore. Similarly, Mazgaon postal IPO will come by the end of September. It is a government company. It aims to raise Rs 500 crore from the IPO.
UTI's IPO for 3,000 crores
UTI Mutual Fund is also looking at an IPO at the end of September. It will raise about 3 thousand crore rupees. While Angel Broking is aiming to raise Rs 500 crore through an IPO. Cams act as registrars and transfer agents. Its price range can be 1100-1200 rupees. Cams will not receive any money from this IPO. Because it is an offer for sale. Under this, NSE will sell its 37 percent stake.
Apart from NSE, the remaining shareholders will sell their shares. In this way the entire money will go to these stakeholders.
Happiest and Root got tremendous response
Thus, a total of 5 IPOs are yet to come in September. While two IPOs have already come. In this, Happiest Mind raised 700 crores and Route Mobile raised 600 crores. The IPO of these two has been very successful. Happiest has garnered more than 150 times subscription. Root Mobile's IPO was subscribed 73 times.
Upcoming IPO will get good subscription
According to analysts, a similar record-breaking subscription can be seen in the upcoming IPO. Because everyone's business model is very good. UTI is the eighth largest mutual fund company while CAMS is the only company in its sector. Let us know that the IPO market has been very sluggish in this year. Till March, the only SBI card IPO came.
April, May, June remained completely dry
The IPO market remained completely dry until April, May and June. The only Rosary Biotech IPO came in the current financial year. This was followed by a Mind Space Writ and then two IPOs in this month. Figures show that in the successful months, a total of two IPOs came in July 2018 and raised Rs 3,900 crore, while in March 2019, two IPOs raised about Rs 5,000 crore. In April 2019, Metropolis, Polycab and Rail Vikas Nigam together raised Rs 3,000 crore from the IPO.