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Equity share sales are gathering pace underpinned by buoyancy in the secondary market with valuations hovering around lifetime highs. On Thursday, Indigo Paints, which is among India’s top five paint companies, announced its Rs 1,170-crore initial public offering (IPO). The announcement came a day after state-owned Indian Railway Finance Corporation (IRFC) set the dates and pricing for its Rs 4,500 crore offering. Meanwhile, the government also launched Rs 2,600-crore share sale in Steel Authority India (SAIL), which saw nearly two times subscription.
Investment bankers said more IPOs including that of Home First Finance Company, RailTel Corporation of India, Kalyan Jewellers
