Indian IPO market

Investors in mad rush commit Rs 1.2 lakh crore for 3 IPOs seeking just Rs 2,400 crore

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Investors in mad rush commit Rs 1.2 lakh crore for 3 IPOs seeking just Rs 2,400 crore

The three IPOs of Urban Company, Shringar House and Dev Accelerator received overwhelming demand from investors as investors committed a cumulative amount of Rs 1.22 lakh crore. Urban Company pocketed the highest bids for nearly 1000 crore shares as against 10 crore shares on offer. The issue, which was priced at Rs 103, received bids … Read more

Bank of America expects Indian IPO market to pick up within six months

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Bank of America expects Indian IPO market to pick up within six months

Bank of America Corp. expects initial public offerings in India will regain their recent momentum as soon as in the first quarter of next year, bolstered by the underlying strength of the market. “I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, … Read more