India Incs fund raising in June at 5- month low

FPJ BureauUpdated: Sunday, June 02, 2019, 01:54 AM IST
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Mumbai

India Inc mopped up a meagre Rs. 63 cr through public and rights issue of shares in June 2012, making it the lowest figure in five months.

” The amount raised through IPOs during June 2012 include one IPO worth Rs. 8 c

r listed on SME platform,” Sebi said. However, the regulator did not divulge the names of the companies, which had raised funds but as per information available with the stock exchanges VKS Projects Ltd had entered the capital market with an issue size of Rs. 55 cr in June. This was the lowest amount of capital raised since February, when companies had raked in a total of Rs. 792 cr.

In May, firms had raised a total of Rs. 247 cr that includes Rs. 188 cr through IPOs and remaining Rs. 58 cr through rights issue route.

Market experts believe the appetite among investors for IPO is low in a weak secondary market.

Therefore, many companies are avoiding this route for fund- raising despite having Sebis approval. Besides, some firms have shelved their IPO plans due to poor response from investors.

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