Apparently, we are in the middle of an initial public offering (IPO) boom, at least that's what everyone on the Street makes us believe. While several companies are said to have hired bankers, several are in the process of filing offer documents.
The government has asked market regulator Securities and Exchange Board of India (Sebi) to allow relaxations in rules for follow-on public offerings (FPOs), two people with knowledge of the development have said.
In signs of revival in IPO space, apparel major Monte Carlo has filed its draft offer document with Sebi, becoming the second firm announcing plans to hit the primary market after the new government came to power.
Green shoots have begun to appear in the primary market with filing of the first draft offer document with Sebi -- since the new government took charge at the Centre -- and many others are expected to follow suit in the coming weeks, analysts say.
Euronext said on Tuesday it aims to raise between 880 million euros and 1.158 billion euros in an initial public offering which would value the European financial markets operator at up to 1.75 billion euros ($2.38 billion).
Thrissur-based Catholic Syrian Bank is gearing up to shed its leisurely, localised and old-generation profile, to catch up with peers ahead of its maiden public offering, scheduled by the end of the year.
Quick HealSecurity software maker Quick Heal Technologies today said it has plans to go for AN initial public offering (IPO) next fiscal to fund its expansion into new markets and products."We are planning for IPO....
An investor fills an IPO formTwo older generation unlisted private sector banks, Catholic Syrian and RBL (the latter earlier known as Ratnakar Bank) are set to go for an Initial Public Offering (IPO) this year.