Udayavni Special

Indian companies line up Rs 25,000-cr public offers


Team Udayavani, Feb 27, 2018, 10:10 AM IST

New Delhi: The IPO lane seems to get busier as over two dozen companies have lined up initial share sale plans worth Rs 25,000 crore in the coming months, largely to fund their expansion projects and working capital requirements.

Hindustan Aeronautics, ICICI Securities, Barbeque-Nation Hospitality and Flemingo Travel Retail are among the names that plan to launch share-sale offers in the coming months.

Most of these companies plan to utilise initial public offer (IPO) proceeds for business expansion as well as working capital requirements, as per the draft papers filed with capital markets regulator Sebi.

Besides, some of the firms believe the listing of equity shares on bourses will enhance their brand name and provide liquidity to existing shareholders.

Barbeque-Nation Hospitality, ICICI Securities, Bharat Dynamics and Indian Renewable Energy Development Agency — have secured Sebi’s go-ahead this year to float their public offers.

In addition, 20 companies including RITES, Mishra Dhatu Nigam Ltd, Bandhan Bank, IndoStar Capital Finance, Nazara Technologies and Route Mobile are awaiting the regulator’s approval to float IPOs.

Together, these companies are expected to raise nearly Rs 25,000 crore, merchant banking sources said.

Moreover, five companies, including Newgen Software Technologies and Amber Enterprises India, have already hit the capital markets

According to experts, the IPO market will continue to see hectic activity as over a dozen firms are awaiting Sebi’s nod to launch their public issues. Besides, higher valuation of secondary market would attract investors towards IPOs.

The year 2017 saw 36 companies collectively raising over Rs 67,000 crore trough their respective IPOs, making it the best year. The previous high being in 2010 when Rs 37,535 crore was garnered, almost half the amount.

Experts said that proactive regulatory environment coupled with uplifted investor sentiment has helped the IPO market.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Bommai promises rain-hit Kerala support in relief and rehabilitation

462 new COVID-19 cases, 9 deaths in Karnataka

BSF opens fire at drone along Indo-Pak border in Punjab’s Amritsar sector

Any person from outside Gandhi family should become next Cong chief, not Rahul Gandhi: Athawale

Maha Terror case: SC says ATS not barred from investigation till NIA took over probe

India-Lanka ties getting stronger and stronger: PM Modi

Yediyurappa asks Nalin Kumar Kateel to not make disparaging remarks against Rahul Gandhi

Related Articles More

High oil prices will undermine global recovery, warns India

Markets skid for 2nd day as profit-booking takes hold

Jio gains 6.49 lakh mobile users in Aug; Airtel adds 1.38 lakh

Ola restructures organization to strengthen mobility biz

SEC report questions trading apps after GameStop frenzy

MUST WATCH

Air Layering Method – How It’s Made

News Bulletin 20-10-2021

Mysore Ambaari Bus Trip | Dasara 2021

Elephant Attack at Tibet Camp in Hunsuru

Pady Harvesting Mechine fare hike


Latest Additions

Bommai promises rain-hit Kerala support in relief and rehabilitation

462 new COVID-19 cases, 9 deaths in Karnataka

BSF opens fire at drone along Indo-Pak border in Punjab’s Amritsar sector

20 more acquitted in 2013 Muzaffarnagar riot case

Minor girl gang-raped in Kerala, four held

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.