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More than half a dozen companies will hit the market with their initial public offerings (IPOs) between now and the end of next week.
The cumulative amount raised from these IPOs is expected to be around Rs 8,000 crore.
Stationery products firm DOMS Industries and home financier India Shelter Finance s IPOs - of Rs 1,200 crore each - got off to a flying start on Wednesday (December 13), with the former garnering over six times the subscription and the latter getting 1.5 times subscribed. ....
Fundraising through qualified institutional placement (QIP) has revived this year, led by commercial banks, after a lacklustre 2022.
According to data compiled by Prime Database, Indian companies have raised Rs 53,070 crore in 2023 so far, of which seven banks - Union Bank of India, Indian Bank, Bank of India, Federal Bank, IDFC First Bank, Bank of Maharashtra, and J&K Bank - account for Rs 21,290 crore, or about 40 per cent.
If other financial institutions are included, the figure surges to Rs 26,690 crore. ....