Two companies, ESAF Small Finance Bank, Protean eGov Technologies, and ASK Automotive are set to raise over ₹1,300 crore in the Indian IPO market. ESAF Small Finance Bank aims to raise ₹463 crore to boost its Tier-1 capital base. Protean eGov Technologies plans to raise over ₹490 crore, and ASK Automotive seeks to secure more than ₹830 crore. These IPOs are part of a growing trend in India, with 39 IPOs raising ₹35,132 crore so far in 2023. The surge in IPO activity is expected to continue in November, with 14 more companies preparing to enter the primary market.
Two More Companies Seek Over ₹1,300 Crore in IPOs
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