IPO mart revs up in 3 yrs of Modi govt, garners Rs 45,000 cr

Strong liquidity, from mutual funds and foreign institutional investors, supported the IPO market

Ashley coutinho  |  Mumbai 

Three years since Narendra Modi was sworn in as prime minister, the mood in the primary market has improved. Fifty-seven Initial Public Offers of equity (IPOs) have hit the market in this period and collectively garnered about Rs 45,000 crore. In this period, the benchmark indices surged 24 per cent. Of these offers, 16 had an issue size in excess of Rs1,000 crore. The biggest IPOs were of ICICI Prudential Life Insurance (Rs6,057 crore), Inter Globe Aviation (Rs 3,025 crore), PNB Housing (Rs3,000 crore) and Equitas Holdings (Rs2,177 crore). Investment bankers say strong ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?
LOGIN

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital

IPO mart revs up in 3 yrs of Modi govt, garners Rs 45,000 cr

Strong liquidity, from mutual funds and foreign institutional investors, supported the IPO market

In the three years since Narendra Modi was sworn in as prime minister, the mood in the primary market has improved. Fifty seven Initial Public Offers of equity (IPOs) have hit the market in this period and collectively garnered about Rs 45,000 crore. In this period, the benchmark indices surged 24 per cent.Of these offers, 16 had an issue size in excess of Rs 1,000 crore. The biggest IPOs were of ICICI Prudential Life Insurance (Rs 6,057 crore), InterGlobe Aviation (Rs 3,025 crore), PNB Housing (Rs 3,000 crore) and Equitas Holdings (Rs 2,177 crore). Investment bankers say strong liquidity, particularly from mutual funds and foreign institutional investors, supported the IPO market. Nineteen companies hit the market in 2015, with a total issue size of Rs 13,000 crore. The year 2016 saw 26 companies coming to the market and collectively mop about Rs 27,000 crore, the best for IPOs in six years. However, the bulk of the amount mobilised through IPOs in the past three years was via ... Three years since Narendra Modi was sworn in as prime minister, the mood in the primary market has improved. Fifty-seven Initial Public Offers of equity (IPOs) have hit the market in this period and collectively garnered about Rs 45,000 crore. In this period, the benchmark indices surged 24 per cent. Of these offers, 16 had an issue size in excess of Rs1,000 crore. The biggest IPOs were of ICICI Prudential Life Insurance (Rs6,057 crore), Inter Globe Aviation (Rs 3,025 crore), PNB Housing (Rs3,000 crore) and Equitas Holdings (Rs2,177 crore). Investment bankers say strong ... image
Business Standard
177 22