In the year 2022, approximately 109 SME firms went public, collectively raising around Rs 1,875 crore through IPOs. By comparison, in 2021, 59 SME firms were listed, raising a total of Rs 746 crore.
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Disappointing growth by IT companies drags down corporate performance in the fourth quarter while consumer and auto sectors maintain sustained momentum, shows a Moneycontrol analysis of results announced by 180 companies so far.
The company has said that full-time functional directors have been appointed, which will boost execution and business development. Additionally, NBCC expects tendering to be faster in the next few months.
Both indices have risen for 11 out of 12 sessions this month on anticipated demand growth, attractive valuations, and expected improvements in earnings.