12 new IPOs to come up in June-quarter, analysts remain positive

After raising Rs 843.57 bn through IPOs in FY18, 12 new companies are planning to garner Rs 170 bn in the next two months including names like HDFC Asset Management

After raising Rs 843.57 billion through initial public offers (IPOs) in 2017-18 (FY18), at least 12 companies are planning to garner Rs 170 billion through IPOs over the next two months, reports say, with some of the prominent ones being HDFC Asset Management.

Other companies that may launch their IPOs in the quarter are Devi Seafoods and Nekkanti Sea Foods. Timing of the launch for these two companies will be announced after they get regulatory approval.

Going ahead, analysts expect a good appetite from investors for these issues given the ample liquidity.

“IPOs will attract a lot of interest in