IPO Market in January-March 2021: Through an IPO, companies raise the necessary funds for their expansion or working capital. Through this, they are listed in the stock market.
Poonam Tandon, CIO of IndiaFirst Life Insurance Company, said, “Earlier we have seen that due to increasing liquidity, other efforts to raise funds including the IPO market will accelerate. Through an IPO, companies raise more funds at a lower cost. This boom will continue in this financier. “
Companies raise funds through IPO
Through an IPO, companies raise the necessary funds for their expansion or working capital. Through this, they are listed in the stock market.Quarter started with IPO of Indian Railway Finance Corporation
The March quarter began with the IPO of Indian Railway Finance Corporation. It is a finance subsidiary of Indian Railways. It has raised Rs 4,633.38 crore through an IPO, the highest in this quarter.
Brookfield India Real Estate Trust raised Rs 3800 crore
Brookfield India Real Estate Trust has raised Rs 3800 crore, which is the second largest number. It is the only institutionally managed public commercial real estate company in India which is affiliated with Brookfield Assed Management. At number three is Indigo Paints, Home First Finance Company and Kalyan Jewelers. He has raised more than Rs 1150 crore fund.
IPOs came from these companies
Apart from this, Stoke Craft, RailTel Corporation of India, Heranba Industries, MTAR Tech, Easy Trip Planners, Anupam Chemicals, Craftsman Automation, Lakshmi Organic, Dishu Tech, Sunrise Small Finance Bank and Barbecue Nation raised Rs 400 to Rs 800 through IPO. Huh. The lowest fund raising company in the mainboard IPO has been Nureka. The healthcare and wellness product distributor company has raised Rs 100 crore.