Fri Dec 13 07:06:58 UTC 2024: ## IGI IPO Opens Friday at Rs 397-417/Share; Strong IPO Activity Continues

**New Delhi, Dec 13, 2024** – India’s IPO market remains red hot, with the initial public offering (IPO) of IGI opening today at a price band of Rs 397-417 per share. This follows a flurry of recent IPO activity, including significant anchor investor interest in several offerings. According to Rediff Money Desk, at least seven companies have recently received approval from the Securities and Exchange Board of India (SEBI) to launch IPOs. Next week alone, eleven companies are expected to raise a combined Rs 18,500 crore through IPOs. Several companies have already successfully raised substantial funds from anchor investors, including Afcons Infra (Rs 1,621 crore), Kross (Rs 150 crore), Tolins Tyres (Rs 69 crore), Sai Life Sciences (Rs 913 crore), and NTPC Green Energy (Rs 3,960 crore). BlueStone Jewellery has also filed draft papers for its upcoming IPO. The ongoing IPO activity underscores investor confidence and strong market momentum. Beyond IPOs, other significant news includes LICO Materials’ inauguration of a battery recycling facility in Bengaluru and TAC Security’s receipt of ioXt certification for IoT device security.

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