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Graphic: Biggest month for IPOs in 7 years

SBI Life is yet to obtain Sebi green light

Samie Modak 

The average Sensex return for these months is a negative 1.55%

September is likely to be the biggest month for (IPOs) in seven years, with six deals cumulatively worth Rs 14,100 crore expected to hit the of Dixon Technologies and Bharat Road Network, worth Rs 600 crore each, opened on Wednesday, while that of Capacite's Infra and will hit the next week.

Big-ticket of ICICI Lombard and are expected will hit the later this month, investment bankers said. ICICI Lombard obtained Sebi nod for the IPO on Tuesday.

SBI Life is yet to obtain Sebi green light. If all the deals go through, this will be the second-best month for IPO mobilisation in the history of domestic after October 2010, when Rs 17,673 crore was raised through six deals, which included Coal India’s Rs 15,000-crore  offering. The supply of new paper, however, could weigh on the secondary  

In the past five years, there have been only four months with four or more The average return for these months is a negative 1.55 per cent. Overall, the exercise is expected to be high in the remaining period of 2017, given the line-up of large from the sector.


First Published: Thu, September 07 2017. 00:10 IST