New Delhi : The IPO lane is getting busy as companies have lined up initial public offerings worth Rs 20,000 crore in the coming months to fund their business expansion and meet working capital requirements.
Hudco, NSE, Central Depository Services Ltd, Nakshatra World and Cochin Shipyard are among the names that plan to launch share-sale offers in coming months. Most of these companies plan to utilise initial public offer (IPO) proceeds for business expansion as well as working capital requirements.
Besides, the firms are taking IPO route to achieve benefits of listing the equity shares on the bourses. Some of the firms believe the listing of the equity shares will enhance their brand name and provide liquidity to the existing shareholders. At present, five companies — Hudco, Central Depository Services Ltd, S Chand and Company, Genesi Colors and Security & Intelligence Services (India) Ltd — have secured Sebi’s go-ahead to float their respective public offers. In addition, 11 companies, including GTPL Hathway, NSE, Bharat Road Network, Tejas Networks, Eris Lifesciences, Salasar Techno Engineering, Au Financiers, Prataap Snacks, PSP Projects are awaiting the regulator’s approval to float IPOs. Together, these companies are expected to raise about Rs Rs 20,000 crore.
Moreover, companies like SBI Life Insurance are expected to file IPO papers in the near future.
