IPOs Raise Record Rs 27,000 Cr In Apr-Sep This Year
Indian companies raised a record close to Rs 27,000 crore through initial public offerings in the first half of the current fiscal and an impressive pipeline is already in place for coming months.
"Besides, over a dozen firms, including New India Assurance Company, Reliance Nippon Life Asset Management and HDFC Standard Life Insurance Company, have lined up their IPOs to raise funds totalling Rs 35,000 crore in coming months," Dinesh Rohira, founder and CEO at 5nance.com, said.
Adding to the depth of the IPO market, companies from diverse sectors like insurance, healthcare, education, bank, cable TV and shipping have made their way to the IPO space during the period under review.
According to the latest data compiled from stock exchanges, 19 companies garnered over Rs 26,720 crore thr...