In last two months, approvals for IPOs worth Rs 2,500 cr lapsed

Disagreement on valuations, poor financial performance, uncertainty in market are possible reasons

Despite a string of equity initial public offerings (IPO) in the past year, a clutch of companies has failed to hit the market with their offers, letting their regulatory approvals lapse.
 
In the past two months, as many as 17 firms that collectively planned to mop up Rs 2,500 crore saw their approvals lapse. Disagreement on valuations, poor financial performance, and uncertainty in market are possible reasons these firms did not hit the market.
 
"When you do see so many companies let their IPOs lapse, it shows selective investor interest and valuations not being in line with promoter