The IPOs (Initial Public Offering) picks up momentum
as there are thirty six companies have lined up initial share sale plans worth
Rs. 35,000 crore in the months ahead, prospecting their fund expansion for
their projects.
Some of those Companies which goes ahead for IPO,
include Indian Renewable Energy Development Agency, IRCON International Ltd, Rail
Vikas Nigam Limited, RITES Ltd, Garden Reach Ship builders and Engineers and
Mazagon Dock.
Additionally, over two dozen companies including Credit
Access Grameen, Route Mobile, Sembcorp Energy India, Lodha Developers and Flemingo
Travel Retail are awaiting regulatory nod for IPOs.
Meantime, about 15 companies including ICICI
Securities Ltd, Bandhan Bank Ltd, Hindustan Aeronautics Ltd and Mishra Dhatu
Nigam Ltd have hit the capital markets thus far this year.
An
Initial Public Offering or IPO is when a private company or Corporation raises
investment funds by offering its stock to the public for the first time. IPOs
are often issued by growing companies seeking capital to expand. In an IPO, the
Company or the issuer raising capital, procures the assistance of an under-writing Company
or investment bank, to help find out the best type of security to issue, offering
price, amount of shares and the time-frame for the market offering.
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