India Inc seeks Rs 20,000 crore more in IPO season
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Companies usually time their IPO launches based on the market sentiment and investor appetite for these share sales. Bankers said if the mood turns adverse, companies could postpone their plans.
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So far in July, four companies have raised ₹12,385 crore through IPOs. Glenmark Life and Rolex Rings are expected to raise ₹2,245 crore.
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Mumbai: Companies are rushing to tap the primary market on the heels of strong investor response to the Initial Public Offering of
Zomato and the subsequent stellar listing. At least nine companies are planning to raise over ₹20,000 crore through IPOs over the next two weeks, according to bankers in the know.
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Glenmark Life Sciences IPO is nearly as big as its debt but the funds will go into expanding its plants
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