6 firms raise Rs 4,269 crore through IPOs in August alone, shows data

Investors dig deep into a mine of opportunity

Notwithstanding the ongoing decline in equity markets week after week, this month has proven to be the most successful since December for initial public offerings (IPOs).
 

In August of this year, six companies have collectively raised approximately Rs 4,269 crore through IPOs. The companies that have launched their IPOs include TVS Supply Chain Solutions, SBFC Finance, Concord Biotech, and Aeroflex Industries.
 

Although the National Stock Exchange Nifty has experienced a 2.5 per cent decline in August, analysts note that the broader markets have shown gains even in the face of benchmark index drops, thereby supporting deal-making activities. The Nifty Midcap