August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers

Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept

August has proved a good month not just for the secondary market but for the primary markets as well. The month saw launch of eight initial public offerings (IPOs) which cumulatively mopped up Rs 17,841 crore, the most since November 2017.

Online platform for buying and selling vehicles Car Trade and cement manufacturer Nuvoco Vista launched Rs 5,000 crore IPO in August.

In the preceding month, six companies had mopped up Rs 14,629 crore, with online food-delivery unicorn Zomato raising Rs 9,375 crore.

Investment bankers say the pipeline for September and for the rest of the year also looks strong.

Aditya Birla MF, Go Airlines and Vijaya Diagnostic expected to launch their offerings in September, while Paytm, Policy Bazaar and Nykaa could tap the market during the latter part of the year.