MUMBAI: Fourteen Initial Public offerings (IPOs) are ready to hit the market in the next 3-6 months. Since June, 12 IPOs have hit the market, raising Rs 14,600 crore.
More than 40 companies have raised Rs 33740 crore through Qualified Institutional Placements (QIPs) since April.
Funds to be deployed for expansion plans, retiring debt, and for working capital On back of rising stock prices, companies managed to raise funds. OIL India only IPO holding strong on bourses, Power IPOs laggards since listing
IPO pipeline Company Issue size( in Rs cr)
JSW Energy 3000 Jindal Power 4000 Sterlite Energy 5100 GMR Energy 1500 Reliance Infratel 4200 Sahara Prime City 3450 Ambience 1293 Lodha Dev 2500 Emaag MGF 3850 BPTP 2000 Nitesh Estates 550 DB Realty 1500 Godrej Properties - Hathway Cables - Total amount 32943
Break-even price for QIB
Oil India Rs 1128 Adani Power Rs 105 Pipavav Shipyard Rs63 NHPC Rs 42
NHPC, Adani subscribed more than 20 times Adani, NHPC priced at top of their price bands Huge selling seen from high net worth individuals