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Follow on Google News | IPO Activity in India in Q3 September 2011Capital mobilized through IPOs by Corporate India in Q3 Sep’11 was identical to Q2 June’11, and increased by a mere 0.67% compared to Q2 June’11.
By: UE-EV Services The number of new listings increase for the second consecutive quarter in calendar year 2011; even the increase was consistent – increase by one new listing every quarter. Q3 Sep’11 witnessed 11 new listings in India compared to 10 in the previous quarter (Q2 June’11). 4 out of 11 IPOs were subscribed more than 2 times, with a maximum subscription of 5.34 times for L&T Finance Holdings. Capital mobilized through IPOs by Corporate India in Q3 Sep’11 was identical to Q2 June’11, and increased by a mere 0.67% compared to Q2 June’11. 64% of the IPO proceeds of Q3 Sep’11 were generated in the month of Aug’11. The average IPO ticket size declined by 8% to INR 2,044 million in Q3 Sep’11 from INR 2,233 million in Q2 June’11. 'L&T Finance Holdings' IPO was the biggest IPO of the quarter raising a capital of INR 12,450 Million. Source: 'IPO Activity in India in Q3 September 2011' by UE-EV Services. Detailed Report Available at Thomson, Reuters and FactSet. End
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