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

India@75: A timely study of the state of the nation

India after 1947: Reflections & Recollections By Rajmohan Gandhi Aleph, 118 pages, Rs 399 Rajmohan Gandhi was about 11 when India won independence. As the nation celebrates 75 years of freedom, how would he – and others like him – feel?

BMC denies protocol breach in ‘Har Ghar Tiranga’

The BrihanMumbai municipal corporation (BMC) has rebutted a Shiv Sena leader’s allegation of breach of protocol in the implementation of the ‘Har Ghar Tiranga’ campaign. On Friday Rahul Shewale, group leader of Shiv Sena in Lok Sabha, had accused BMC commissioner IS Chahal

Mumbai`s stalled building projects: Is self-redevelopment the real solution?

Land in Mumbai city, which is surrounded by water on three sides, is scarce and has a premium. Property prices in certain areas of financial capital of the country are as much as Rs 1 lakh per sq ft. Yet, 5,800 buildings have been lying in a stalled condition for the last 18 years. Meanwhile

Revadi, electoral reforms and fiscal responsibility

Revadi (sweetmeat) or more popular word, ‘freebies’, has been dominating headlines recently. A public interest litigation (PIL) has been filed in Supreme Court to bar all political parties from making such promises. In response, one leading political party, Aam Aadmi Party (AAP), has filed thei

Jal Jeevan Mission: 6.70 crore households provided with tap water connections

Since August 2019, Government of India, in partnership with States, is implementing Jal Jeevan Mission (JJM) to make provision of potable tap water supply every rural household by 2024. As many as 6.70 crore households have been provided with tap water connections in the 35 months, since Aug

Cloud inclusivity: Ensuring highly regulated organisations are ready for a cloud-first world

Over the last few years, cloud has been able to create a special place for itself amongst fast moving, competitive and growth-led organisations. As the technology became an imperative, it has undoubtedly created unique business opportunities and isbecoming an anchor for innovation for leading businesses gl

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter