India's primary market is headed for a blockbuster week, with two companies looking to raise a combined Rs 31,663 crore through initial public offerings (IPOs), led by Mukesh Ambani's Reliance Jio Platforms. The telecom and digital services company is set to launch the country's biggest-ever public issue. The coming week will also see nine companies make their stock market debut, including six on the mainboard.
Jio Platforms alone accounts for Rs 30,213 crore of the total fundraising planned for the week, while hospital chain Paras Healthcare will seek to raise Rs 1,450 crore. Both IPOs will open for public subscription on Wednesday, October 21, and close on Friday, October 23.
