Sebi puts Vedanta Group’s Sterlite Electric IPO on hold; approves public issues of 5 other firms

The momentum is set to continue in November as the market is gearing up for a flurry of new issues, with an estimated ₹47,468 crore worth of IPOs lined up. Major companies set to hit the market include ICICI Prudential AMC (₹9,000 crore), Billionbrains Garage Ventures (₹6,500 crore), Lenskart Solutions (₹6,000 crore), Clean Max Enviro Energy Solutions (₹5,200 crore), and Pine Labs (₹5,500 crore).

Other notable upcoming issues include PhysicsWallah (₹3,800 crore), Juniper Green Energy (₹3,000 crore), Prestige Hospitality (₹2,500 crore), Tenneco Clean Air (₹2,000 crore), Orkla India (₹1,668 crore), boAt (₹1,200 crore), and Park Medi World (₹1,100 crore).

This week, IPOs of Lenskart Solutions, Studds Accessories, and Orkla India will open for subscription, collectively aiming to raise ₹9,401 crore. Peyush Bansal-led Lenskart Solutions will open its ₹7,278-crore issue on October 31, while the ₹1,667.54-crore Orkla India IPO opens on October 29. The ₹455.49-crore issue of Studds Accessories, India’s largest two-wheeler helmet manufacturer, will open on October 30.

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