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IPO mkt in fast lane, cos garner Rs 7,775 crore

Several firms have lined up plans to raise funds through IPO in coming months

Policy Pulse
Publish Date: Jul 3 2016 1:48PM | Updated Date: Jul 3 2016 1:48PM

IPO mkt in fast lane, cos garner Rs 7,775 crore

 At least 11 companies entered the capital markets in first half of the year with initial public offerings to raise a overwhelming Rs 7,775 crore. 

 
Several firms have lined up plans to raise funds through IPO in coming months. 
 
Besides, companies from various sectors like healthcare, energy, financial services, staffing and milk and dairy products have entered into the IPO space during the period under review. 
 
Experts credited the striking fund-raising through the IPO route to a climbing stock market, which makes it attractive for firms to increase capital, and several private equity firms which want to leave from their investments. 
 
A total proceeds from 11 IPOs in first six months this year  are the highest since 2010, when 29 companies garnered Rs 9,693 crore from January to June, according to the data. 
 
As compared to it, eight firms had collectively garnered around Rs 3,850 crore through initial share sale in same period last year. 
 
Period has seen more than half of newly-listed stocks trading at a higher premium over issue price.