The IPO lane is getting busy as companies have lined up initial public offerings worth Rs 20,000 crore in the coming months to fund their business expansion and meet working capital requirements.
The year 2016 saw 26 companies collectively raising over Rs 26,000 crore trough their respective IPOs, making it the best in six years.
Hudco, NSE, Central Depository Services Ltd, Nakshatra World and Cochin Shipyard are among the names that plan to launch share-sale offers in coming months.
Most of these companies plan to utilise initial public offer (IPO) proceeds for business expansion as well as working capital requirements.
