Business Standard

Careful, investors! Hectic IPO activity ahead; analysts advise caution

In the first two months of the year, a total IPO fundraising of Rs 3,559 crore has taken place from six offerings

Representative Image (Photo: Shutterstock)

Representative Image (Photo: Shutterstock)

Pranati Deva New Delhi
After a fundraising of nearly Rs 700 billion via initial offerings (IPOs) in 2017, there still seems to be room for more. Over two dozen companies have lined up their initial share sale plans, together worth Rs 250 billion in the coming months, mainly for business expansions and capital requirements.
The first two months of the calendar year alone has seen a total IPO fundraising of Rs 3,559 crore from six offerings, including those of Newgen Software Technologies and Amber Enterprises India. March is expected to see IPOs of Hindustan Aeronautics Ltd (HAL), Bandhan Bank and ICICI Securities.

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First Published: Feb 28 2018 | 11:36 AM IST

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