Five IPOs to hit markets this week, seek to raise Rs 3,764 cr

Craftsman Automation, Laxmi Organics Industries, Suryoday Small Finance Bank, Kalyan Jewellers India, Nazara Technologies are the five companies to launch their IPOs

Riding on the upbeat market sentiment, as many as five companies are set to come out with initial public offers this week to raise an estimated Rs 3,764 crore.

The companies are expecting to benefit from an equity market which is flush with liquidity and has seen a sharp increase in new retail investors.

Craftsman Automation and Laxmi Organics Industries will launch their initial share-sale programmes on Monday while that of Kalyan Jewellers India will open on Tuesday. IPOs of Suryoday Small Finance Bank and Nazara Technologies will begin on Wednesday, information with the exchanges showed.

Shares of these companies will be listed