It’s IPOs ahoy! 40-odd issues on the way to mop up Rs 80,000 cr
The primary market is set for a bumper Rs 80,000-crore bonanza with 30 companies already filing IPO papers to raise Rs 55,000 crore, while around 10 more are lined up for this month itself, seeking to mop up another Rs 25,000 crore, say investment bankers. The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors — a vast majority of them first-timers — coupled with a flood of liquidity. Foreign funds alone had pumped in a record USD…
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