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.



Other News

Governance Now journalists win award for best TB reporting

Governance Now on Thursday bagged the REACH Media Awards for 2017-2018 for best reporting (English category) on tuberculosis (TB) at an event co-hosted by REACH, USAID and Lilly Global Health in partnership with the Lancet Commission on Tuberculosis. Our cover story

Simple facts about Special Status states

N Chandrababu Naidu-led Telugu Desam Party (TDP) on Friday parted ways from the BJP-led National Democratic Alliance (NDA) at the centre. The official quitting of the alliance was preceded by the pulling out of two ministers out of the Narendra Modi government, a week ago. The

Peak performance

What is Narendra Modi’s biggest electoral success during the current term as prime minister? At first blush, most would say the Uttar Pradesh victory. That would be looking at the obvious (UP is the heart of the Hindi heartland) and at mere numbers (it has the maximum Lok Sabha seats). Yes, it was a

On a dangerous tangent

The killing of a seven-year-old boy at Ryan International School, Gurgaon, suddenly brought focus on violence by students in school. It was a gruesome case indeed: On September 8 last year, Barun Chandra Thakur dropped his children, including seven-year-old Pradyuman, at school around 8 am. By the time he

Juvenile crime and punishment

Like our jails, our correction centres for juvenile offenders are hardly conducive to bringing about positive change. No one will dispute the fact that an underaged criminal, especially if he or she is a first-timer, needs to be given a chance to reform, however heinous the crime. Unfortunately, society&rs

If you’re happy and you know it...

Finland has emerged as the world’s happiest country, as per the World Happiness Report 2018. The report has ranked 156 countries by their happiness levels, and 117 countries by the happiness of their immigrants. This year, the main focus of the report is on migration within and between countries.

Current Issue

Current Issue


CM Nitish’s convoy attacked in Buxar


Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter