Five initial public offerings (IPO) worth more than Rs 5,300 crore will hit the market this month, giving investors a choice to invest in wide-ranging sectors including pharmaceutical, broadband and finance. If all the five issues go through successfully then 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% on Wednesday, first day of the issue. Pharmaceutical company Eris Lifesciences’ IPO will open on Thursday, where its existing shareholders will sell shares worth over Rs 1,700 crore. Central Depository Services (CDSL), a company that
