The initial public offering (IPO) season has warmed up and at least 25 companies, already approved by the market regulator SEBI, are planning to enter the market to raise about Rs 22,000 crore in the coming few weeks, analysts said on Friday.
Despite the ups and downs in global stock markets, the Indian primary market continues to be robust, they said.
In the first week of August, four companies launched IPOs worth over Rs 11,850 crore, and they were all successful, according to P...
25 Indian companies gear up to launch IPOs worth Rs 22,000 crore
India equity benchmarks opened in red on Monday as heavyweights like IndusInd bank, Tata Steel, SBI, and JSW Steel are top losers.
At 9:41 am, Sensex was down 430 points or 0.56 per cent, 76,779, and Nifty was down 134 points or 0.57 per cent, 23,366.
Overall sentiment in the market is negative. On NSE, Out of total stocks 1,492 shares are in the red and 716 in the green.
There is also a decline in small and medium stocks. The Nifty Midcap 100 index fell 428 points or 0.76 per cent t...
Sensex, Nifty trade lower, IndusInd Bank and Tata Steel top losers