More than a dozen companies have either launched or announced IPOs worth Rs 18,700 crore in the two-week run-up to the August 12 deadline
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The top real estate player has appointed JM Financial, JP Morgan, and CLSA as bankers for the listing.
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Many of the IPOs are an offer for sale (OFS), where private equity players or the promoter wants to cash out part of their holding.
The IPO market took off partly because historically low interest rates made stocks an attractive investment, even as the pandemic sapped the broader economy.
Paytm IPO will be India's biggest public issue so far, a record that was previously held by Coal India, which raised over Rs 15,000 crore over a decade ago.
Irrespective of whether or not the rich investors make money, NBFCs have been making money hand over fist in what now seems to have become a zero risk game for them.
Moneycontrol explains what a grey market is and how it influences the listing day price of companies going public.
Au financiers and PSP Projects had filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) in February and December respectively.
Speaking to CNBC-TV18, Manisha Girotra of Moelis India said that India urgently needs capital and restructuring of stressed assets should be undertaken through any means possible.
Leading securities depository CDSL and media house Jagran group's FM radio unit Music Broadcast Ltd have received capital markets regulator Sebi's approval for initial public offerings.
Presenting the Budget for the fourth time in the current government, Finance Minister Arun Jaitley proposed that high net worth NBFCs can also participate in Initial Public Offerings (IPOs), like banks and insurance companies.
Companies raised USD 648.9 billion in equity during 2016, against USD 873 billion last year, Thomson Reuters Equity Capital Markets (ECM) data up to Dec. 28 showed.
G R Infraprojects and Shankara Building Products have received capital markets regulator Sebi's approval to raise funds through initial public offerings.
A large chunk (Rs 13,127 crore) of the IPO capital was raised through offer-for-sale, while Rs 4,190 crore was garnered via fresh issuance of shares, Minister of State for Finance Arjun Ram Meghwal said in a written reply to the Rajya Sabha.
Sheela Foam, maker of Sleepwell mattresses, had filed draft papers with Sebi in July, while Aster DM Healthcare, which runs hospitals in India and Middle East, had applied for IPO in June.
In comparison, 27 SMEs raised Rs 182 crore in the first half of the preceding financial year, 2015-16.
According to the report by Prime Database, as many as 56 firms collectively mopped up Rs 17,283 crore through IPOs during the April-September period of 2016-17.
These firms will get listed on the NSE's small and medium enterprises platform.
In comparison, 44 SMEs raised a total of Rs 290 crore in the entire last financial year (2015-16). "Indian primary market has witnessed spectacular revival in last few months, which is not limited to large IPOs like Mahanagar Gas or Quess Corp.
"The IPO pipeline is good, which shows that confidence among the companies. We are expecting 30 SME IPOs in the next three months," BSE MD and CEO Ashishkumar Chauhan said here.
The bidding for shares in the IPO of Ujjivan Financial will remain open from April 28-May 2, 2016, according to a public announcement.
"The number of firms that filed their draft prospectus as also those getting listed on SME bourses is increasing every year and that trend is expected to continue in 2016-17 as well," Pantomath Group Managing Director Mahavir Lunawat said.