IPOs raised about ₹65,923 crore in 2017, but very few companies are investing in expansion
When the Central Depository Services Ltd hit the capital markets in June 2017, it was hoping to raise about ₹520 crore. But the investors were so excited about the initial public offering that it received bids worth almost ₹64,000 crore—170 times the actual number of shares on offer.
CDSL's was the most subscribed initial share sale in more than a decade, but it was not a flash in the pan. Many companies that went public in 2017 saw unprecedented investor interest. The IPO of Capacit'e Infraprojects was subscribed 182 times, MAS Financial Services IPO 128 times, Dixon Technologies IPO 117 times and D-Mart IPO 105 times the total shares on offer.
It was a record year in terms of total funds raised via capital market listing. Till November, there were 33 public share offerings that raised a total of ₹65,923.12 crore, says an analysis by Prime Database. It was higher than the total funds raised between 2011 and 2016. Also, there were 119 IPOs of small and medium enterprises, raising ₹1,500.90 crore, in the year. The previous best year for IPOs was 2010, when 64 companies raised ₹37,534.65 crore. In 2007, the year before the global financial crisis hit, there were 100 issues worth ₹34,179.11 crore.
هذه القصة مأخوذة من طبعة January 07, 2018 من THE WEEK.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 07, 2018 من THE WEEK.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Themes Of Choice
As Savvy Investors Seek New Avenues, Thematic Mutual Funds Are Gaining Popularity
A golden girl
One of India's most formidable beauties passed away earlier this month. The odd thing is she would absolutely hate this obituary; she hated being written about and avoided publicity for all of her nine decades. Indira Aswani was 93 when she died. But anyone who encountered her, even briefly, was in such awe of her grace and poise, and one could not but remember her forever.
The interest in wine is growing delightfully in India
The renowned British wine writer and television presenter Jancis Robinson, 74, recently came to Delhi and Mumbai to reacquaint herself with India's wine industry. This was the Robinson's fourth visit to India; the last one was seven years ago. On this trip, Robinson and her husband, restaurateur Nicholas Lander, were hosted by the Taj Hotels and Sonal Holland, India's only Master of Wine.
United in the states
Indian-Americans coming together under the Democratic umbrella could get Harris over the line in key battlegrounds
COVER DRIVE
Usage-driven motor insurance policies offer several benefits
GDP as the only measure of progress is illogical
Dasho Karma Ura, one of the world's leading happiness experts, has guided Bhutan's unique gross national happiness (GNH) project. He uses empirical data to show that money cannot buy happiness in all circumstances, rather it is family and health that have the strongest positive effect on happiness. Excerpts from an interview:
India is not a controlling big brother
Prime Minister Tshering Tobgay considers India a benevolent elder sibling as the \"big brotherly attitude\" is happily missing from bilateral ties. He thinks the relationship shared by the two countries has become a model of friendship not just for the region, but for the entire world. \"India's attitude is definitely not of a big brother who is controlling and does not allow the little brother to blossom and grow,\" says Tobgay in an exclusive interview with THE WEEK.
Comrade with no foes
Lal Salaam, Comrade Yechury-you were quite a guy!
Pinning down saffron
In her first political bout, Vinesh Phogat rides on the anti-BJP sentiment across Haryana
MAKE IN MANIPUR
Home-made rockets and weapons from across the border are escalating the conflict
