Five cos to make debut on bourses this week

As many as five firms, including Eros International and Ramky Infrastructure, will get listed on the stock exchanges this week.

The five companies scheduled to get listed on the bourses this week mopped up a total of nearly Rs 2,180 crore through their respective initial public offerings last month.

The week will see the listing of Career Point Infosystems (October 6), Eros International Media (October 6), Ramky Infra (October 8), Orient Green Power Co (October 8) and Electrosteel Steels (October 8), merchant banking sources involved with the IPOs told PTI.

There are rumours that for the Eros listing, promoters Kishore and Sunil Lulla could rope in Bollywood Badshah Shah Rukh Khan for the listing ceremony, as SRK's latest film, 'RA-1', is being released under the Eros banner.

"Also, SRK is keen to come to the National Stock Exchange if the listing happens there since it is early morning, 8.30 am, and NSE located in Bandra Kurla is closer to his house, Mannat, located in Bandstand, Bandra West," a person close to listing ceremony preparations said on the condition of anonymity.

With the stock market rising at a faster pace, many firms are tapping the capital market to cash in on the upbeat investor mood.

Last week, the BSE Sensex recorded a net gain of 2 per cent, extending its winning streak for the fifth straight week. In September, the Sensex rose by over 10 per cent.

Last month alone, over one dozen companies came out with public floats. In fact, the September 20 to September 25 period was the busiest week in the last 15 years for the primary market.

During the period, eight companies seeking to raise around Rs 3,000 crore through IPOs hit the capital market, while three others were already underway, giving people the choice to invest in as many as 11 companies in a single week.