Moneylife » Life » Public Interest » IPO: Funds through IPOs slump 82%
IPO: Funds through IPOs slump 82%
| 26/04/2012 12:02 PM |
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Indian companies raised a total of Rs5,800 crore during FY11-12 through initial public offers (IPOs)—a slump of 82% from the previous year, reports PTI. According to an analysis of the data available with the stock exchanges, 33 Indian firms raised Rs5,808 crore via the IPO route during the fiscal ended 31 March 2012 compared to Rs33,183 crore worth capital raked in by 52 firms during FY10-11. The companies which let their regulatory approvals lapse during the year included Jindal Power, Sterlite Energy, BPTP, Micromax, etc. Market experts believe that subdued market conditions made many companies averse to hitting the market. ...
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