Close to half a dozen initial public offerings (IPOS), worth over ₹5,000 crore, are expected to hit the markets next month as investor sentiment perks up.
Typically, December is considered a lacklustre month for fundraising activity. But with markets scaling new peaks and foreign portfolio investor (FPI) flows staying buoyant, companies and investment bankers are looking to capitalise on the opportunity.
Companies projected to roll out their public offerings in December include KFin Technologies, Concord Enviro Systems, and GPT Healthcare.
November has proved to be the best month this year for IPOs by deal volumes.
About 10 IPOs have mobilised a collective ₹10,566 crore this month.
"With stocks in listed markets rallying, IPOs, too, are finding willing participants.
This month has proven to be very successful for IPOs. Also, large block deals are getting absorbed. In all likelihood, the momentum will sustain in the months to come," says an investment banker.
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