Moneylife » Ipo: Ipo, anyone?
Ipo: Ipo, anyone?
India Inc’s plans to raise over Rs35,000 crore from initial public offers (IPOs) this year have been put on hold. There is no participation by investors in Indian equities and promoters are still hoping to sell new shares at high valuations. Mobile phone-maker Micromax Informatics, known for some really crude advertising, has withdrawn its Rs426 crore IPO due to volatile market conditions. The company is valued around $1 billion.
Among the other hopefuls are IFCI Factors, an arm of financial institution IFCI, (to raise Rs1,000 crore) and road-marking materials manufacturer Automark Industries which plans to raise Rs12.5 crore. ...
To continue reading this article, you must be a Premium subscriber...
More in Moneylife
Ancient Indian wisdom and our myopic science +6654 views
TODAY'S TOP STORIES
Moneylife Foundation launches Legal Helpline and Resource Centre
What's your say?
What you said
Thanks for casting your votes! View Previous Polls