After missing 1st shot at listing, firms re-file DRHPs with lower size

Investment bankers said smaller issues are a relatively easy pitch for investors

Companies, which missed out on listing earlier, are giving it another shot but with significantly-reduced issue sizes.
 
In the recent past, companies such as TVS Supply Chain Solutions, Suraj Estate Developers, and ESAF Small Finance Bank have re-filed their draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (Sebi).
 
This came after they slashed their issue sizes by 20-60 per cent.
 
Investment bankers argue that smaller issues are generally easier to sell for investors.
 
The decisions to downsize initial public offerings (IPOs) were made earlier this year during a period of market