New Delhi. These days there is a race to raise funds through IPO in the Indian stock market. On Monday, 13 companies submitted their documents for IPO to the market regulator SEBI (Securities and Exchange Board of India). If SEBI approves these applications, then these companies can be successful in raising about Rs 8,000 crore.

These companies are from different sectors, many of which are coming up with an offer for sale (OFS) of their existing shares along with issuing new shares. These include major companies like Vikram Solar, Aditya Infotech, and Varindra Construction. Apart from this, Ajax Engineering, Rahi Infratech, Vikran Engineering, Midwest, Vini Corporation, Sambhav Steel Tubes, Jaro Institute, All Time Plastics, and Skoda Tubes are also among the companies filing documents.

According to experts, this trend reflects the growing investor confidence in the Indian market. So far this year, 62 companies have raised Rs 64,000 crore through their IPOs, which is 29% more than last year. Merchant bankers say that in the next few months, companies like Hyundai Motor India, Swiggy, and NTPC Green Energy are also preparing to raise Rs 60,000 crore through IPO.

Brief details related to the IPO
Vikram Solar's IPO will be of Rs 1,500 crore, while Aditya Infotech is planning to raise Rs 1,300 crore. Varindra Construction's IPO will be of Rs 1,200 crore. Vikram Engineering's proposed IPO will be of Rs 1000 crore. Kolkata-based Rahi Infratech plans to raise Rs 420 crore through IPO. Sambhav Steel Tubes' IPO will be of Rs 440 crore. Jaro Institute's IPO will be of Rs 570 crore. All Time Plastics' proposed IPO will be of Rs 350 crore. On the other hand, Skoda Tubes' IPO will be of Rs 275 crore.