IPOs of Bikaji Foods, Medanta, Fusion Microfinance, DCX Systems to open this week

31 Oct 2022 , 06:46 AM

Four companies, including Global Health Ltd., which operates hospitals under the Medanta brand, and microfinance lender Fusion Micro Finance Ltd., will have their initial public offerings (IPOs) open next week. Bikaji Foods International and DCX Systems, a producer of cables and wire harness assemblies, are the other two businesses whose IPOs will open this week.

Together, these four companies would raise a combined total of about Rs4,500 crore through the IPOs.

In addition to this, Uniparts India and Five Star Business Finance are anticipated to launch their separate initial public offerings in November.

While Fusion Micro Finance’s initial share offering will take place from November 2-4, DCX Systems’ will be open for public subscription on October 31 and end on November 2.

Global Health and Bikaji Foods’ initial public offerings (IPOs) will start taking subscriptions on November 3 and end on November 7.

22 businesses have issued their IPOs, raising more than Rs44,000 crore, in 2022. According to data from the exchanges, 63 IPOs raised more than Rs 1.19 lakh crore in 2021.