SMEs raise staggering Rs 825 crore via IPOs in Q1 2018-19, register more than two-fold jump year-on-year
Funds raised through initial public offers were meant for business expansion plans, working capital requirements and other general corporate purposes New Delhi: Small and medium enterprises raised a staggering Rs 825 crore through initial public offerings in the first quarter of 2018-19, more than a two-fold jump from the preceding financial year. Funds raised through initial public offers were meant for business expansion plans, working capital requirements and other general corporate purposes, according to offer documents. A total of 47 companies got listed with initial shares-sale offers worth Rs 825 crore during April-June quarter of 2018-19 as compared to 24 firms which tapped the IPO route to garner Rs 310 crore in the same period of the previous year, as per the data provided by merchant banker. Out of 47 IPOs, only 7 got subscribed more than 10 times, 14 initial share-sale offers witnessed a subscription between 2 and 10 times and 17 public issues subscribed less than 2 times.
FII game plan: Sell stocks for profit, bet on IPOs, discounted QIPs, block deals
2024 Review: Indian IPO market shatters records as 317 issues raise ₹1.8 trillion
2024 Review: Indian IPO market shatters records as 317 issues raise ₹1.8 trillion
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