Rs 5,300-crore IPO bonanza soon

These IPOs worth Rs 5,300 crore will give investors a choice to invest in a range of sectors

Five initial public offerings (IPOs) worth about Rs 5,300 crore will hit the market this month, giving investors a choice to invest in a range of sectors, including pharmaceutical, broadband and finance. If all five issues go through successfully, June will be the best month for IPO mobilisation since September 2016. Tejas Networks, a data networking products company, saw its issue subscribed over 10 per cent on Wednesday, first day of the issue. Eris Lifesciences’ IPO will open on Thursday, where its existing shareholders will sell shares worth Rs 1,700 crore. Central Depository Services (CDSL), a company that facilitates holding