IPO filings down 45% until September as weakness in market takes toll

13 filings made with Sebi until Sept; figure stood at 24 last year

Market weakness is coming in the way of companies getting listed on the exchanges. The data sourced from Prime Database shows 13 companies have filed for initial public offering (IPO) in the current calendar year, and that is 45 per cent lower than in the corresponding period last year. 

In the first nine months of last year (i.e. till September 30), 24 draft prospectuses (DRHPs) were filed. Compared to last year’s tally of 31, the number of filings is 58 per cent lower.  Investment bankers say filings are likely to remain on the lower side unless policy decisions give a fresh