IPO Market Heats Up: Seven Companies Eyeing Rs 10,000 Crore Fund-raise by July-End

The Indian primary market is set for a busy couple of weeks, with seven companies expected to launch their initial public offerings (IPOs) before the end of July. According to sources familiar with the matter, these issues could collectively raise around Rs 10,000 crore from investors.

The pipeline includes a diverse mix of companies from different sectors, including hospitality, real estate, electronics, and financial services. Here’s a quick look at the companies gearing up to hit Dalal Street.

Who's Coming to the Market?

The list of upcoming IPOs features some well-known names and is expected to attract significant investor interest. The companies in the pipeline are: * Brigade Hotel Ventures * Indiqube Spaces Ltd * Sri Lotus Developers & Realty * GNG Electronics * Property Share Investment Trust * NSDL * Hero Fincorp Ltd

A Closer Look at the Upcoming Issues

The Real Estate and Hospitality Pack: Four companies from the real estate and hospitality sectors are getting ready for their public issues. * Indiqube Spaces Ltd is reportedly planning to raise around Rs 850 crore. The company is expected to reserve about 10 percent of the issue for retail investors. * Brigade Hotel Ventures is looking at an IPO with an estimated size of Rs 900 crore, with a retail portion also likely to be around 10 percent. * Sri Lotus Developers & Realty aims for a Rs 700 crore issue. * GNG Electronics is preparing for an IPO worth approximately Rs 650 crore. Both Sri Lotus and GNG Electronics are expected to allocate a larger portion, about 35 percent each, to retail investors.

The Big Financial Players: Two major players in the financial services space are also expected to launch their much-awaited IPOs. * NSDL (National Securities Depository Ltd) is expected to come to the market by the end of July before its SEBI approval expires. The estimated issue size for the NSDL IPO is a substantial Rs 3,000 crore. * Hero Fincorp Ltd, the non-banking financial company backed by Hero MotoCorp, is also working to get listed before the end of the month. The company aims to raise around Rs 3,360 crore.

It's worth noting that both NSDL and Hero Fincorp have seen their shares correct significantly in the unlisted market, falling over 21 percent and 28 percent respectively from their recent highs.

Recently, Hero Fincorp raised Rs 50 crore in a pre-IPO funding round from Vattikuti Ventures, an investment firm run by US-based entrepreneur Raj Vattikuti. The deal involved allotting 3.57 lakh shares at a price of Rs 1,400 each.

Property Share Investment Trust: The Property Share Investment Trust has already announced its IPO worth Rs 470 crore. The issue is scheduled to open on July 21 and will close on July 25.

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