BSE expects listing of around 40 IPOs this fiscal
06/07/2015 00:27

BSE expects 40 initial public offers (IPOs) on its main platform and around 100 on the SME platform this fiscal, indicating a strong revival of the primary markets.

In the 2014-15 fiscal, the premier exchange saw six IPOs on its main board and 35 on its SME platform. But overall funds raised was a paltry Rs 1,200 crore. It is expected to rise more than 10-fold to Rs 15,000 crore in the current fiscal, said the media report.

"The exchange has received applications with draft prospectus from 53 companies for listing. This includes 26 SME issues," BSE Managing Director and chief executive Ashishkumar Chauhan told PTI.

"Many large corporates have also announced their IPO and listing plan and these companies would also file papers soon. We, therefore, expect listing of around 40 IPOs on our main board and around 100 SME issues on the SME platform this year," he said.

According to Chauhan, the upward movement in the IPO market this year "is mainly attributed to the positive trend in the capital markets and an expected revival of the economy".

Registry services provider Link Intime director Kishor Thakkar expects at least three issues every month and investors could expect at least 20-25 active issues aggregating about Rs 15,000 crore by March 2016.