The domestic IPO market is expected to see a flurry of issuances after Diwali, with at least half a dozen new age technology companies busy with international and domestic investor roadshows, in their bid to attract investors.
The list of upcoming public issues includes companies such as Groww, Lenskart, Meesho, Pine Labs, Fractal Analytics and Physicswallah, people aware of these company’s IPO plans told Moneycontrol.
Collectively, these companies are estimated to raise around $4-4.5 billion through initial share sale.
“All these companies are currently in some stage of their investor roadshows, whether domestic or international. Most of them are targetting to launch their IPOs post Diwali, in late October or November, and some may even target a launch in December, depending on investor appetite and market conditions,” said one of the sources cited above.
“The recent successful IPO and the bumper listing of Urban Company has shown that investor appetite for fresh paper by new age companies is strong. Given the unique business models of these companies, they too should be able to generate significant investor interest,” the source added.