After a lull of seven years, the primary market is set to witness a boom. As many as 579 companies are ready to enter the market.
The combined capital mobilisation is estimated to be Rs 50,000 crore, says Prithvi Haldea, managing director of Prime Database.
Haldea said his company, which has been tracking the primary market for the past 15 years, collected the data from as many as 1,200 sources comprising 70 newspapers, CEOs of a whole range of manufacturing firms, merchant bankers and bankers.
However, he expected that only 100 companies would enter the market this year to raise Rs 8,500 crore if the buoyant market conditions continued.
