 "IPO, initial public offering")
The number of companies filing their draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) has crossed the 100-mark, highlighting the rush among companies to go public amid favourable market conditions.
The latest firms to file draft papers of their initial public offerings (IPOs) are Softbank-backed Oravel Stays, which operates OYO Hotels, and Adar Poonawalla-backed Wellness Forever, which operates retail pharmacy stores.
IPO filing has gathered pace in recent months amid the ebbing of Covid-19 infections and ramp-up in the vaccination rate. 28 DRHPs were filed with Sebi in August and another 21 in September, shows the
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