 "Rs 5,300-crore IPO bonanza soon")
Five initial public offerings (IPOs) worth about Rs 5,300 crore will hit the market this month, giving investors a choice to invest in a range of sectors, including pharmaceutical, broadband and finance. If all five issues go through successfully, June will be the best month for IPO mobilisation since September 2016. Tejas Networks, a data networking products company, saw its issue subscribed over 10 per cent on Wednesday, first day of the issue. Eris Lifesciences’ IPO will open on Thursday, where its existing shareholders will sell shares worth Rs 1,700 crore. Central Depository Services (CDSL), a company that facilitates holding of securities in electronic format, launches its offering early next week. GTPL Hathway’s IPO will open on
June 21. Small Finance Bank licence holder Au Financiers is expected to hit the market this month. Investment bankers expect momentum in the IPO market to continue, as investor sentiment towards the primary market continues to remain healthy.
June 21. Small Finance Bank licence holder Au Financiers is expected to hit the market this month. Investment bankers expect momentum in the IPO market to continue, as investor sentiment towards the primary market continues to remain healthy.
Source: Company announcements, Prime database
Source: Company announcements, Prime database
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%