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Indian firms raise $3 6b via IPO route this year, highest in a decade

Indian firms raise $3.6b via IPO route this year, highest in a decade Photo: Pixabay July 1, 2021 Indian companies raised ₹27,417 crore through initial public offerings (IPOs) this year, the highest in at least a decade compared to six months of previous years, driven by abundance of liquidity and investor euphoria. Private equity and venture capital funds took advantage of buoyant stock markets to exit their investments. Data showed that amid the robust liquidity chasing primary markets, most of the funds raised through IPOs were used to offer an exit to existing PE or VC funds or existing shareholders and promoters rather than for growth capital for companies.

Market debutants: Five 2021 debutants that have delivered up to 330% returns since listings

NEW DELHI: While the benchmark equity indices have gained just over 10 per cent returns in the first half of Calendar 2021, a host of 2021 debutants managed to deliver up to 330 per cent returns to investors during this period. Data showed out of 22 listings so far in 2021, 16 managed to deliver double-digits returns to investors, while eight shot up in excess of 50 per cent. Five stocks that stood out included Nureca, Easy Trip Planners, Barbeque Nation Hospitality, MTAR Technologies and Laxmi Organic Industries. Many of these companies reported strong earnings for the March quarter (on last year’s lower base). Shares of Nureca soared 327 per cent since its debut on February 27. At Rs 1,708 on Friday, the scrip was up 4.3 times from issue price of Rs 400. Nureca is a wellness and healthcare company and owns the brand Dr Trust . The company reported 63.3 per cent YoY rise in net profit for March quarter at Rs 3.89 crore on a 0.3 per cent rise in sales at Rs 33.12 crore. Sales f

Easy Trip Planners share climbs over 4% on strong Q4 earnings

Easy Trip Planners share climbs over 4% on strong Q4 earnings
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Stocks to watch: Jubilant Food, Coal India, JSW Ispat, SBI Card, NHPC

Stocks to watch: Jubilant Food, Coal India, JSW Ispat, SBI Card, NHPC
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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