co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
Investors need not panic when promoters sell, said Pranav Haldea, adding that instead they should evaluate each case on its merit.
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.
"This decrease can be attributed primarily to the base effect as 2014-15 had one mega offer of Rs 11,449 crore from Relay BV for United Spirits," Prime Database Managing Director Pranav Haldea said.
A major revival was however witnessed in the IPO market after nearly four dismal years, said Pranav Haldea Managing Director Prime Database.
This is 76 percent higher than Rs 39,067 crore raised through the equity market in 2014. In the equity space, the funds were mobilised through OFS via the stock exchange mechanism, qualified institutional placement (QIP) and initial public offers (IPO).
These funds have been raised mainly for business expansion plans and to meet working capital requirements.
According to a report by Prime Database, the April- September period, 2015-16, ended with mobilisation of Rs 4,950 crore through IPOs, with another Rs 12,916 crore raised through offer for sale mechanism (OFS).
The Securities and Exchange Board of India (SEBI) last year imposed a quota of at least one female director on the board of every listed firm, and warned of "very serious" consequences if the thousands of companies did not comply by an April 1 deadline.
Going by information gathered by Prime Database, a total of 180 NSE-listed companies have not appointed a woman director on their respective boards within the due date.
Saving grace came in the form of the 33 QIPs this calendar year, which saw Rs 31,684 crore being raised from institutional investors, the highest in 5 years, accounting for 81 percent of the total amount mobilized this year, says Pranav Haldea, managing director, PRIME Database.
Market experts are of the view that remaining part of the ongoing financial year is likely to see more action on the 'rights' front. In a rights issue, shares are issued by companies to the existing investors as per their holding at a pre-determined price and ratio.
According to Prime Database, as many as 25 companies have collectively mopped up a meagre Rs 1,019 crore through initial public offers (IPOs) during the April-September period of the current fiscal (2014-15).
"The April-June period's raising of Rs 43,147 crore was a huge decrease of 55 percent over Rs 96,186 crore mobilised in the corresponding period of the previous year, courtesy lower raising by the financial institutions or banks," according to Prime Database Managing Director Pranav Haldea.
The highest mobilisation through debt private placements during the period was by HDFC (Rs 4,450 crore) followed by EXIM Bank (Rs 3,018 crore), IOT Utkal (Rs 3,000 crore), IDFC (Rs 2,730 crore), and Reliance Jio (Rs 2,500 crore).
According to the report by indianboards.com, a joint initiative of PRIME Database and NSE, the person with the maximum number of directorships in listed companies is Pradip Kumar Khaitan with 14 directorships.
