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At least half a dozen companies, besides Life Insurance Corporation (LIC) of India, are looking to raise Rs 7,960 crore through their initial public offerings (IPOs) this month.
The Rs 21,000-crore IPO of LIC opened on Wednesday.
Total funds raised could reach Rs 28,960 crore, making May the best month for IPO fund-raising after November 2021.
In November 2021, nine companies had raised Rs 35,664 crore through IPOs.
The Rs 5,235-crore IPO of Delhivery, an integrated logistics company, will open on May 11. The offering comprises a Rs 4,000-crore fresh issuance; the rest is an offer for sale.
Venus Pipes
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