Festival season may bring cheer to IPO market, say investment bankers

Rs 9,000 crore worth of issues lined up over the next six weeks

Around 10 firms are looking to raise nearly Rs 9,000 crore via initial public offerings (IPOs) over the next 4-6 weeks, said investment bankers. Among the companies ready to hit the primary market are Five-Star Business Finance, Pristine Logistics, Landmark Cars, Senco Gold, DCX Systems, Kaynes Technology, and Uniparts India.

While many of these issues are certain to get launched, a few firms may hold back their offerings if market conditions turn unfavourable, i-bankers said.

After a record 2021, the IPO market has turned moribund in recent months amid heightened volatility, triggered by mounting odds of a recession, especially in