The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined Rs 20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are also among the companies planning to launch their IPOs in December, they added. The companies aim to raise a total of Rs 20,000 crore through their public offerings.
'Of equal importance was the AIADMK's precarious assembly membership, what with 11 of its MLAs including deputy chief minister OPS facing court cases for disqualification and by-elections due in another 21. To shore up the party's numbers for anticipated eventuality on the 11-MLAs' front, the AIADMK leadership in general and chief minister EPS in particular, were even more focussed on assembly seats than LS seats, just now,' says N Sathiya Moorthy.
The BJP lost 15 of the 80 Lok Sabha seats in 2019. Union ministers have been deployed in all 15, tasked with turning the result around.
"TMC doesn't have the numbers and will depend on other parties' support. Despite that, if the TMC leadership decides to go ahead, they should be prepared for whatever the consequences may be," BJP leader Murli Manohar Joshi cautioned.
The BSP is contesting on 20 seats in Karnataka election with an alliance with Janata Dal-Secular while the SP is contesting on 27 on its own.
The Shiv Sena also demanded that those who allowed the concert to take place should be booked for anti-national activities.
Caste assertions, including from the upper castes, could have the Sangh Parivar stumble yet again in its efforts to construct a Hindu rashtra.
'There is core BJP support on the Hindutva line. It will continue.' 'Along with that, the BJP is ready to play the OBCs trifurcation card to its benefit.' 'If you see the post-Kairana result, the BJP spokespersons and IT cell have already begun talking about Hindu unity against Muslim unity, Ram vs Allah.'
While refuting media reports about her plans to contest the forthcoming Lok Sabha election, Bahujan Samaj Party supremo Mayawati on Thursday went all out to woo the state's Muslims, by training her guns at the entire brigade along with its prime ministerial nominee Narendra Modi.
The Varanasi versus Azamgarh story is about the fears and insecurities of two of our strongest leaders, Narendra Modi and Mulayam Singh Yadav, says Sheela Bhatt.
'I believe that in the BJP nobody can make anybody anything... I believe the media should analyse this after the end of my tenure!' 'My work is incomplete till I take the BJP to the four big states of West Bengal, Bihar, Uttar Pradesh and Tamil Nadu.' BJP President Amit Shah, as never before!
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