The current financial year is on the verge of ending. From the stock market point of view, the current financial year is ending today itself. After today, only three days are left in this financial year and the market is going to remain closed for all three days. During this financial year, IPO activities remained brisk in the domestic market. The financial year proved to be better in terms of both the number and amount of issues.
Market holiday for 3 consecutive days
If we talk about the current financial year, after today it will be Good Friday on 29th March. There will be a holiday. After that, there is Saturday on 30th March and Sunday on 31st March. In this way, the market is going to remain closed for three consecutive days. Now the next trading in the domestic stock market will be on Monday, April 1, which will be the first day of the new financial year. In this financial year, 75 IPOs were launched in the stock market, which was the highest in the last two years.
Major IPOs of this financial year
During this financial year, the market witnessed many great IPOs. Became a witness to. Tata Group, the country's largest corporate group, entered the IPO market, ending a two-decade drought. After the launch of TCS's IPO in 2004, Tata Tech's IPO came in this financial year, which was subscribed almost 70 times in the market. Apart from this, issues like IREDA, JSW Infra, Cello World were also launched in the market, which were eagerly awaited.
Companies raised so much fund
Not only in the current financial year The number of IPOs launched increased, but the amount raised from IPOs also increased. In the 75 IPOs launched during the current financial year, companies managed to raise a total of Rs 61,915 crore. The amount collected is 20 percent more than the last financial year. Earlier, 37 IPOs had come in the market in 2022-23 and in them the companies had raised Rs 52,116 crore.
50 IPOs made money
Shares to the IPOs that came during this financial year Benefited from the spectacular rally of the market. During this financial year, major indices like BSE Sensex and NSE Nifty rose by 30-30 percent. Due to this, 50 out of 75 IPOs in the current financial year gave positive returns. Their average return was 65 percent. Whereas 5 IPOs gave returns of more than 150 percent.
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