Covid-19 impact: Exchanges see just 4 IPOs in June quarter, says report

Laxmi Goldorna House Ltd, Nirmitee Robotics India Ltd, Billwin Industries Ltd and DJ Mediapoint & Logistics Ltd came out with their IPOs during the June quarter

India witnessed four initial public offerings worth $2.08 million in the three months ended June as the coronavirus pandemic impacted economic activities, according to an EY India report.

All the IPOs were in the Small and Medium Enterprises (SMEs) segment and the median deal size was $0.38 million.

Although there has not been much activity, companies are considering their long-term growth plan, and have started to engage in conversations towards their IPO preparation in this economic slowdown, leading consultancy EY India said on Sunday.

About April-June period,