MUMBAI: It's raining initial public offerings (IPO) with several issues opening for subscriptions every week. After four companies collectively raised Rs 3,614 crore through their IPOs' last week, namely Windlas Biotech Ltd, Devyani International Ltd, Krsnaa Diagnostics Ltd and Exxaro Tiles Ltd, four more companies are going to launch their IPO's this week to raise Rs 14,628 crores.

Issues of CarTrade Tech and Nuvoco Vistas Corporation will be open for subscription between 9-11 August, whereas investors can subscribe to the remaining two issues of Chemplast Sanmar and Aptus Value Housing Finance India during 10-12 August. 

The biggest issue of the four companies will be of Nuvoco Vistas Corporation Ltd which is looking to raise Rs 5,000 crore during August 9-11 with a book building issue of Rs 560-570 per share of the face value of Rs 10 each. During the same period, CarTrade Tech is planning to raise Rs 2,998.51 crore from its IPO with a fixed range of Rs 1,585-1,618 per share of the face value of Rs 10 each.

Between 10-12, IPO of Chemplast Sanmar Ltd aims to raise Rs 3,850 crore through its offer at a price band between Rs 530-541 per equity share with a face value of Rs 5 each and Aptus Value Housing Finance India Ltd, the Chennai-based housing finance company will be open its IPO at a price band of Rs 346-353 per share with a face value of Rs 2 each to raise Rs 2,780.5 crore.

It appears that the IPO's will be the flavour of the entire financial year with nearly 40 IPOs looking to raise nearly Rs 70,000 crore already lined up. In the last financial year 2020-21, due to the peak COVID-19 and the subdued stock markets and dampened investment sentiments, only 30 IPOs had hit the market, raising Rs 31,277 crore. Since April this year, nearly 16 companies have raised Rs 30,666 crore through IPOs.