Four major IPOs to raise ₹8,827 crore as market activity accelerates

Four companies have announced their initial public offering price bands, signalling a continued pickup in capital market activity. Zetwerk, Bonfiglioli Transmissions, Tonbo Imaging and SMT Scharf are collectively seeking to raise ₹8,827 crore through their respective IPOs. The share subscription windows for all four offerings are scheduled to commence on October 15, providing investors with multiple investment opportunities in the coming weeks.

The timing of these IPO launches reflects growing investor appetite for public market participation across manufacturing and technology sectors. Each company has calibrated its price band to attract institutional and retail investors amid prevailing market conditions. The staggered yet simultaneous opening of these subscription windows is expected to draw significant participation from India's investment community.

Separately, ICICI Prudential Asset Management Company reported a 6.1 percent increase in net profit during the second quarter, underscoring the growing profitability of asset management firms amid rising assets under management. In related capital markets news, venture capital firm Alpha Wave has divested a 1.52 percent stake in eyewear e-commerce platform Lenskart, continuing a pattern of portfolio rebalancing among early-stage investors as their holdings mature.