IPO rush ahead of FPI holiday season, market to raise nearly Rs 8,000 cr

These companies will break a jinx of sorts seen during the December preceding a General Election year

More than half a dozen companies will hit the market with their initial public offerings (IPOs) between now and the end of next week.

The cumulative amount raised from these IPOs is expected to be around Rs 8,000 crore.

Stationery products firm DOMS Industries and home financier India Shelter Finance's IPOs — of Rs 1,200 crore each — got off to a flying start on Wednesday, with the former garnering over six times the subscription and the latter getting 1.5 times subscribed.

Industrial gas manufacturer Inox CVA’s IPO — the largest in the current lot at Rs 1,459 crore —