Dedicated To Mumbai
Home > Business & Investment > Companies Line Up IPOs Worth Rs 5,000 Cr

Companies Line Up IPOs Worth Rs 5,000 Cr

Monday, April 18, 2016
By A Business Reporter

The IPO lane is getting increasingly crowded as companies have lined up offers worth more than Rs 15,000 crore in the current fiscal to fund their business expansion, meet working capital requirements and make loan repayments. Dilip Buildcon, New Delhi Centre for Sight, Ujjivan Financial Services, Quess Corp, Hinduja Leyland Finance and Seaways Shipping and Logistics are among the ones that plan to launch share-sale offers in the coming months.

At present, 25 companies plan to raise Rs 12,500 crore and have secured approval of the Securities and Exchange Board of India (Sebi), Prime Database Managing Director Pranav Haldea said. Another six firms looking to mop up Rs 3,000 crore have filed draft documents with the capital market watchdog and are awaiting approval, he added. Besides, many more filings are expected in the near future.

Proceeds of the IPO will be used to fund business expansion plans, to meet working capital requirements and to repay loan and for other general corporate purposes. According to experts, the IPO market is expected to see some activity in the current fiscal as half a dozen companies have filed their draft papers with Sebi in the last three months (January-March) to launch public offers. Seven firms - Equitas Holdings, Infibeam Incorporation, Bharat Wire Ropes, HealthCare Global Enterprises, Quick Heal Technologies, TeamLease Services and Precision Camshafts - have come out with IPOs this year.

During the just-ended 2015-16, fund-raising through IPOs came in at Rs 14,461 crore, making it the highest in the last five financial years. In comparison, Rs 2,770 crore were mobilised in 2014-15.

Facebook
Tweet
COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
Email:    
Comments:
 
City news
A drunk man unable to sleep owing to ...
With this order, the path has been cleared ...
Almost after nine months, the Vakola Police have ...
I read in a magazine that statistically it is fou
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)The time has come for you to make some important decisions and take a tough stance. A fresh business proposal is worth considering. Someone you can trust should handle financial aspects as you are too blunt or generous which can harm your interests either way. If you have been having problems in a personal relationship, you may seriously consider a period of separation. Seek proper help or advice.
Tarot for Love
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Be careful and take the right decision. Don’t get carried away by emotions or impulse. Take help from Libra who will give you a balanced advice. Avoid impulsive Sagittarius. Your Card for the week is the Tarot key no V: The Hierophant the master of the masses and social wisdom. Connect with outside world and understand tradition and conformity. Received wisdom will work wonders.
- Advertising -
Exercise may be touted as the cure for all the il
Pooja Salvi & Jagruti Verma speak to Krati Valech
MeSoHappi has been a favourite ever since the cha
Read More