IPO bonanza worth more than Rs 5,300 cr in June

June might be the best month for IPO mobilisation since September 2016

Five initial public offerings (IPO) worth more than Rs 5,300 crore will hit the market this month, giving investors a choice to invest in wide-ranging sectors including pharmaceutical, broadband and finance. If all the five issues go through successfully then 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% on Wednesday, first day of the issue. Pharmaceutical company Eris Lifesciences’ IPO will open on Thursday, where its existing shareholders will sell shares worth over Rs 1,700 crore. Central Depository Services (CDSL), a company that