Sebi’s reforms rev up IPO market, Rs 20,000 crore to be raised by IndiGo, CCD and others

Companies like IndiGo, Café Coffee Day, GVK, Teamlease and Infibeam have lined up initial public offer

GN Staff | June 30, 2015


#sebi   #ipo   #initial public offer   #indigo   #café coffee day   #infibeam   #stocks  

Despite stocks market having mood swings of up and down, many companies have shown willingness to take risk and go for Initial Public Offers (IPO). 

In the past week six companies have firmed up IPOs of over Rs 20,000 crore and it is good news for investors. The IPO rush has come after the regulator Sebi has announced a slew of fresh reforms in the IPO space, also for halving the listing period to six days and making the application process for investors entirely cheque-free.

At least 20 companies have been given the go-ahead from market regulator Sebi to launch their respective IPOs while draft IPO papers of five firms are currently under process.

On Tuesday, low-cost carrier IndiGo, staffing firm Teamlease and e-retailer Infibeam have lined up public offers to raise an estimated over Rs 3,000 crore from investors. The draft papers for all three IPOs were being submitted to capital markets regulator Sebi on Tuesday.

Vver 30 companies have lined up plans to raise funds totaling over Rs 20,000 crore through public offers, which also include Cafe Coffee Day, Matrix Cellular and GVK Airport.

InterGlobe Enterprises, which runs the country's biggest airline by market share under the 'IndiGo' brand, is looking to raise Rs 2,000-2,500 crore through the IPO, sources said, while Teamlease is looking to raise Rs 450-500 crore and Infibeam about Rs 400 crore.

Last week three companies -- Cafe Coffee Day, Matrix Cellular and RBL Bank -- approached the regulator and they are now being followed by the likes of IndiGo, Infibeam and Teamlease.

GVK Group also plans to list its airports business arm, GVK Airport Developers, and may raise an estimated Rs 3,000 crore. It has developed Mumbai and Bangalore airports.

The privately-held IndiGo is one of the two domestic carriers making profit.

The low-cost model which employs narrow-body planes is one of the contributing factors for IndiGo's profitability.
 

Comments

 

Other News

INS Kiltan commissioned into Indian Navy

 INS Kiltan, the third anti-submarine warfare (ASW) stealth corvette built under project 28 (Kamorta class), was commissioned into the Indian Navy by defence minister Nirmala Sitharaman at the naval dockyard in Visakhapatnam.    The anti-submarine warfare stealth corvet

SAIL`s special grade steel used to build stealth corvette

Maharatna enterprise, Steel Authority of India Ltd. (SAIL) has supplied defence grade micro-alloyed grade of steel (DMR 249A) steel plates for the indigenously built anti-submarine warfare (ASW) stealth corvette INS-Kiltan commissioned into Indian Navy.    SAIL’s integ

The mapping of India

 This is the 250th year since the inception of the Survey of India that has been mapping the boundaries since 1767. Archana Mishra spoke to Dr Swarna Subba Rao, former surveyor general of India, who retired in June this year.  He joined the department as a deputy superintending surveyor in 1983 a

An ODF experiment that succeeded

An experiment carried out to make Uttar Pradesh’s Bijnor district Open Defecation Free (ODF) succeeded due to an official’s innovative approach, noted a World Bank blog.   The blog “Compressed demand”: How Uttar Pradesh is making sure rural sanitation subs

Finding a diplomatic way through political instability

As an emerging global power and the most powerful state in South Asia, India has been perennially concerned about protracted political instability and resultant social turmoil in Afghanistan during the past few decades. Indeed, India’s engagement in the realm of development cooperation, since the o

Kashmir’s Bloody Money Trail

Till the National Investigation Agency (NIA) caught up with him in Delhi on August 17, 70-year-old Zahoor Ahmad Shah Watali, a businessman, was indeed one of the most powerful persons in Kashmir valley. He was known to wield enormous clout in the corridors of power, both in Srinagar and Delhi. His influenc



Video

Dhanteras today, know subh muhurat for shopping and puja

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter