12 new IPOs to come up in June-quarter, analysts remain positive

After raising Rs 843.57 billion through initial public offers (IPOs) in 2017-18 (FY18), at least 12 companies are planning to garner Rs 170 billion through IPOs over the next two months, reports say, with some of the prominent ones being HDFC Asset Management.

Other companies that may launch their IPOs in the quarter are Devi Seafoods and Nekkanti Sea Foods. Timing of the launch for these two companies will be announced after they get regulatory approval.

Going ahead, analysts expect a good appetite from investors for these issues given the ample liquidity.

“IPOs will attract a lot of interest in the near future following last-year’s trend. Most IPOs in FY18 had attractive pricing and barring a few most were successful. Currently, there is enough liquidity in the market and from a short and medium-term perspective, good IPOs do well in the current scenario,” said Gaurang Shah, head investment strategist at Geojit Financial Services.