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Analysts said the strong interest in IPOs is due to an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiples in listed peers.
"The IPO market is clearly very hot. Given the fact that these are primary issuances, I would rather not speak about specific IPOs. But I think given the fact that market sentiment is overall very strong, retail participation is aggressive, small and midcaps are kind of doing very well."
If you have missed opportunities to bid in these IPOS then next week you will have multiple options to bid in
Flood of IPOs next week | More than Rs 4,600 crore of fund raising will be taking place by the 12 companies in the coming week starting from December 18, after nearly Rs 4,000-crore worth of IPOs launched in the last week ended December 15.
Azad Engineering's customer base includes the USA, China, Europe, the Middle East and Japan. The company has four manufacturing facilities in Hyderabad, Telangana, India.