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MUMBAI: An increasing number of companies may reward their employees by allocating shares for them in initial public offerings in a year that is slated to see over 30 IPOs worth more than Rs 35,000 crore hit the market.
Data from Prime Database suggest an increased employee participation in the IPOs of their own companies in recent times, and merchant bankers are of the view that this trend may gain traction with a lot of companies going public this year. We have seen increased employee participation in IPOs in recent times. This indicates employees strong confidence in their own firms. This in turn is reinforcing confidence of public shareholders, both retail and institutional,” said Nipun Goel, head of investment banking at