Dozen firms, including Jio Platforms and Zetwerk, line up IPOs
In short
A dozen companies are planning initial public offerings in October, including Jio Platforms, Zetwerk Manufacturing Business and Avaada Electro. Other names mentioned include Fusion CX, HD Fire Protect, Tonbo Imaging and several more.
This matters because more companies are heading to the primary market. The reporting does not say how much money each one plans to raise or exactly when each IPO will launch.
What the reporting says
A dozen companies, including Jio Platforms, Zetwerk Manufacturing Business and Avaada Electro, are set to tap the primary market in October through initial public offerings. Merchant bankers also expect maiden offerings from Fusion CX, HD Fire Protect, Tonbo Imaging, Bonfiglioli Transmissions, Sahajanand Medical Technologies, Paras Healthcare, NDR InvIT Trust, Gujarat Victory Forgings and SFC Environmental Technologies. The reporting says the offerings span multiple sectors, but final sizes and timings are not stated.
Why it matters
A dozen companies are preparing to tap the primary market in October with IPOs, including Jio Platforms, Zetwerk Manufacturing Business and Avaada Electro. Merchant bankers also named several other expected first-time issuers. The offerings span technology, healthcare, renewable energy, defence and precision manufacturing, but the reporting does not provide issue sizes or launch dates for each company.