![Firms may take 2nd shot at IPO jackpot Firms may take 2nd shot at IPO jackpot](https://cdn.magzter.com/1547192204/1737744495/articles/GyHECPeqs5lQwZzno4sys/FIRMS-MAY-TAKE-2ND-SHOT-AT-IPO-JACKPOT.jpg)
Buoyancy in the primary markets has offered a tantalising opportunity for companies that missed out on a successful initial public offering (IPO) in their first attempt.
Since September last year, seven firms have refiled their draft red herring prospectus (DRHP) with markets regulator Securities Exchange Board of India (Sebi), with several more in the pipeline, according to investment bankers.
This trend is driven by recent successes, with 18 companies achieving successful listings on their second attempt in the past 12 months.
The raft of refilings indicates that companies are gaining more confidence due to the strong market momentum, especially after a successful IPO year in 2024.
Some of the companies that have recently refiled their DRHPs, and are awaiting regulatory nod, include Jesons Industries, Anlon Healthcare, Innovision and Crizac. To be sure, in some cases the refiling is on account of regulatory issues such as returning of their documents by Sebi.
Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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