The Indian primary market will end the year 2015 with the best performance in five years as investors shrugged off volatility and weak foreign fund flows to lap up offerings from a diverse set of companies with completely new business models.
The success of issues like Alkem Labs and Dr Lal PathLabs means that companies have raised Rs 13,000 crore so far from the primary market in calendar 2015. Bangalore-based hospital chain Dr Narayana Hrudayalaya announced its price band on Thursda and its issue is expected to open next week.
With this, the total IPO amount expected to be raised for the calendar year is likely to cross Rs 14,000 crore, the highest since 2010 when 64 companies raised about Rs 37,500 crore. In 2014, six IPOs hit the market and collectively raised Rs 1,261 crore while just three got listed through IPOs in 2013 and mobilised Rs 1,284 crore.
The success of issues like Alkem Labs and Dr Lal PathLabs means that companies have raised Rs 13,000 crore so far from the primary market in calendar 2015. Bangalore-based hospital chain Dr Narayana Hrudayalaya announced its price band on Thursda and its issue is expected to open next week.
With this, the total IPO amount expected to be raised for the calendar year is likely to cross Rs 14,000 crore, the highest since 2010 when 64 companies raised about Rs 37,500 crore. In 2014, six IPOs hit the market and collectively raised Rs 1,261 crore while just three got listed through IPOs in 2013 and mobilised Rs 1,284 crore.
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http://economictimes.indiatimes.com/articleshow/50129669.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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