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Fund-raising via IPOs almost doubles to Rs 23,670 cr in H1 2018

Monday, July 09, 2018

In a blockbuster performance, as many as 18 companies have raised a staggering Rs 23,670 crore through initial public offerings in the first half of this year, almost double from the year-ago period.

Moreover, the outlook appears to be bullish for the remaining part of 2018 as nearly 50 companies, including HDFC Mutual Fund, Lodha Developers and Rail Vikas Nigam are expected to launch their initial share-sale offers in the coming months.

Of these, around 28 firms are awaiting Sebi's nod to launch their public issues, while 18 companies have already secured the regulator's clearance to float initial share-sale offers, as per the latest update available with markets regulator Sebi.

During Jan-Jun this year, 18 companies have collectively raised Rs 23,670 cr through their respective IPOs, which is higher than Rs 12,000 cr garnered by 13 issuers in the first 6 months of 2017, according to an analysis of data available with the stock exchanges.

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