It's raining IPOs as markets rebound; 7 firms plan to raise Rs 10,425 cr

In August, 7 companies file DRHPs to raise Rs 10,425 cr - the most in 5 months

More companies are harbouring aspirations to go public, following sharp market rebound after June’s nadir.

In August, seven companies expecting to raise a cumulative Rs 10,425 crore filed their draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in August.

The amount they are looking to mop up is the highest since March, when 13 companies filed their DRHPs to raise a combined Rs 19,494 crore, reveals data provided by PRIME Database – a source of comprehensive information on all capital market offerings.

Of the seven filings in August, four were by companies looking to