Stock Market Tips >> IPOs worth Rs2,000 crore set for September

At least four companies plan to go public to collectively raise upwards of Rs2,000 crore in September, four people aware of the development said.

The companies that have firmed up initial share sale plans for the next month include online matchmaking company Matrimony.com Ltd, road developer Bharat Road Network Ltd (BRNL), electronics maker Dixon Technologies (India) Ltd and real estate services provider Capacit’e Infraprojects Ltd, the four people said on condition of anonymity.

So far this year, 15 companies have raised Rs12,589.94 crore through the IPO route, data from primary market tracker Prime Database shows. In 2015 and 2016, 47 companies raised a total of Rs40,107 crore through IPOs, the data shows.

On Thursday, SREI Infrastructure Finance Ltd, the parent company of BRNL, said that the road developer will launch its initial share sale on 6 September. The IPO is expected to raise around Rs600-700 crore.

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