Indian stock markets are set to witness four more initial public offerings (IPOs) launches this week, which will cumulatively look to raise over Rs 14,628 crore from investors, Financial Express.
The IPOs will be launched by Nirma Group's Nuvoco Vistas Corporation, online auto classified platform CarTrade Tech, Aptus Value Housing Finance and Chemplast Sanmar.
The development gains significance as the bourses have been flooded by back to back IPOs in recent months. The past week saw four companies launch their IPOs to raise Rs 3,614 crore from the markets. These were Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles.
In fact, in the current financial year alone, as many as 16 companies have already raised Rs 30,666 crore through IPOs against Rs 31,277 crore raised by 30 firms in the previous financial year.
The bourses are likely to see continued IPO activity in the rest of the financial year as well, with some estimating that as many as 40 more companies could go public by raising as much as Rs 70,000 crore from the bourses.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.