It's raining IPOs: With 8 deals, busiest month for Dalal Street in nine yrs

While in terms of volume this has been a busy month, the cumulative amount, Rs 7,123 cr, being raised is relatively low

This September is proving to be one of the busiest months for initial public offerings (IPOs) in close to a decade, with nearly eight deals being launched.

Previously, September 2011 was when more than eight IPOs were launched in a month.

UTI Asset Management Company and state-owned shipbuilder Mazagon Dock will launch their offerings just before the month ends.

The stellar listings for the last three IPOs have buoyed the prospects for the primary markets, according to experts.

Also, the two issues that closed this week — of CAMS and Chemcon Speciality — witnessed huge subscriptions despite volatility in the secondary market.

Besides favourable market