New issuers advance listing plans, look to cash on market resurgence

Half a dozen IPOs could be launched in 4-6 weeks to raise up to Rs 10,000 cr

The initial public offering (IPO) market is ready for a breakthrough as companies advance their listing plans to cash in on the boom in the secondary market.

Sources say half a dozen issuers are looking at launching their offerings in the next four to six weeks to raise as much as Rs 10,000 crore.

RailTel Corporation of India, Burger King, Brookfield India REIT, HomeFirst Finance Company, and Kalyan Jewellers are among the companies looking to tap the market.

Many companies are eager to revive their nearly shelved IPOs since resurgence in the market offers them a fresh stab at the market. China's Fosun