Monday 30 March 2020
Home      All news      Contact us      India
business-standard - 4 days ago

Country sees 101 IPOs in Mar q median deal size just USD 1 mn

The country saw 101 initial public offerings worth USD 1.41 billion in the first three months of this year but the median deal size was just USD 1 million, according to a report. SBI Cards and Payments share sale alone accounted for USD 1.4 billion mop-up. Consultancy EY on Thursday said consumer products and retail were the most active sectors with three IPOs launched on SME markets with an approximate size of USD 1 million each. India recorded 10 IPOs (USD 1.41 billion proceeds and USD 1 million median deal size) in the first quarter of 2020 with Indian stock exchanges (BSE and NSE including SMEs) ranking eighth globally in terms of number of IPOs, it said. During the first quarter, the IPO (initial public offering) of SBI Cards and Payments was also the biggest in over two years. The issue size was USD 1.4 billion and the issue was subscribed over 22 times. In the main markets -- the NSE and the BSE, there was one IPO in the first quarter versus five each in the first quarter ...


Latest News
Hashtags:   

Country

 | 

median

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Sources