IPO Market in 2023: Since the beginning of this year, companies have been coming up with aggressive IPOs. The way IPOs are coming in the market, this year the total number may cross 100…
The year 2023 is proving to be good for the domestic stock market. This year is proving to be one of new records for the market. On one hand, BSE Sensex and NSE Nifty have made new record highs continuously in 2023, on the other hand, the IPO market is witnessing record growth. The way companies have brought IPOs in the market so far this year, their total number may cross 100.
This has been such a year for the market
Talking about the domestic stock market, even though some correction was seen this week, before that the market showed a rally for 11 consecutive days. After touching the high, both the indices touched new highs before the selling started. For the first time in history, Nifty crossed the 20 thousand mark only in 2023. Since the beginning of this year till now, both the indices are up by about 9-9 percent.
Most of the IPOs made profit
This strong market sentiment is benefiting those new companies who were looking for the right opportunity to enter the market. Statistics show that so far in 2023, 72 companies have launched IPO in the market. The most amazing thing is that out of these 72 IPOs, 62 have made profits for the investors. The current market prices of these 62 shares are higher than the IPO issue price.
Lots of SME IPOs
Another special thing is being seen in the bullish sentiment created in the IPO market in the year 2023 . This year, there is abundance of small and medium companies among the companies entering the market. So far, out of the 72 IPOs that have come in the market in 2023, only 28 are from BSE Mainboard. Of those, 44 IPOs are SME IPOs and their shares are registered on the BSE SME platform.
This record has been made in September
The momentum created in the IPO market since the beginning of the year is expected to continue in the coming months also. Talking about the month of September, more than 40 IPOs have come in this month alone. Of them, 28 have already hit the market, while the remaining IPOs are going to hit the market in the remaining days of the month. This is the highest number of IPOs in one month in any year. If this pace continues, the total number of IPOs may cross 100 in 2023. This will be a new record in the IPO market.
Companies can raise this much fund
Companies bring IPO in the market to arrange funds for everything from expanding their business to repaying loans. Through IPO, existing investors of companies either reduce their stake, or the company issues new shares. In this way companies raise money from common investors. From the environment created this year, it seems that companies can raise more than Rs 1 lakh crore through IPO in 2023. Investors also earn from IPOs of companies with good prospects.
