Initial public offerings (IPOs) lost steam when India locked down for weeks last March to contain the spread of the coronavirus pandemic. The Securities and Exchange Board of India (Sebi), the market regulator, allowed companies to extend their IPO deadlines and change fresh issue size by up to 50 per cent of the earlier estimate without fresh paperwork. That helped.
Companies raised Rs 15,774.2 crore through 19 IPOs (Initial Public Offers) in the December quarter, according to a report by EY India. The IPO market in January had its best start in almost 12 years, with companies raising about Rs