BSE's success could restart IPO engine

High investor interest makes i-bankers launch more share sales despite a volatile secondary market

A positive response to BSE Ltd’s initial public offering (IPO) has instilled confidence into the primary market, which has seen a two-month lull period. Investment bankers say at least half a dozen companies could launch their public offers immediately after the Budget. 

Security solutions provider Security and Intelligence Services, D-Mart hypermarket chain operator Avenue Supermarts, infrastructure firms GR Infraprojects and Shankara Building are some of the companies aiming to hit the market in the next few weeks. Besides these, depository company Central Depository Services Limited (CDSL) and the country’s largest stock exchange National Stock Exchange (NSE), too, are planning to