mumbai the indian capital market is set to witness one of the busiest fortnights in its history as six companies have lined up to together raise about rs 31400 crore by november 10 the six issues include the one from techenabled payments major one 97 communications operating under the paytm brand which aims to raise rs 18300 crorepaytm has priced its iposhares in the rs 20802150 band per share indicating the company seeks a valuation of about 20 billionread alsoa new hype train sets offnew delhi predictably the zomato ipo has triggered off a new volley of hot digital ipos investors need to take a hard look at whats going on as was expected or perhaps i should say fearedthe success of the zomato ipo has triggered off a wave of similar ipos when i say similar imthis will make the paytm ipo the largest ever in the countrys historytill date the biggest ipo in india was the rs 15500crore offer by coal india in octobernovember 2010according to market sources this could have two major implications for dalal street and the economy first there are fears among traders that the deluge of ipos could force several investors to offload part of their portfolio and divert that money to invest in these offers especially for listing gains second the inflows from foreign funds estimated to be about 4050 of the total offer could mean rs 1200015000 crore of forex inflows this in turn could help appreciate the rupeeon thursday despite a sharp selloff in the stock market the domestic currency closed 11 paise stronger at rs 7492 to a dollar usually the day the stock market slides sharply the rupee also weakens against major currencies like the us dollar euro pound sterling and the japanese yen thursdays strength in the domestic currency came despite a rs 3819crore net selling by foreign funds bse data showed according to a note by the forex advisory firm ifa global the strength of the rupee was because foreign banks sold us dollars for overseas investments into indian companies raising funds through initial public offeringsaccording to data collated from sebi merchant bankers and various brokerages fsn ecommerce ventures the company that operates under the nykaa brand name is raising rs 5350 crore while pb fintech under policybazaar brand name is raising rs 5200 crore fino payments bank rs 1200 crore sjs enterprises rs 800 crore and sigachi industries rs 125 crorein addition to the big ticket listings three more high profile ipos are also lined up after these got the sebi green signal in the last few weeks adani wilmar is eyeing rs 4500 crore one mobikwik is expected to raise rs 1900 crore and the offer size for star health is expected to be in excess of rs 3000 crore market sources said these offers could open anytime now merchant bankers said the government is also planning to list life insurance behemoth lic before the end of the fiscal year through its ipo this