India Inc's IPO mop-up at Rs 30,000 cr

Despite market volatility, Indian companies raised more than Rs 30,000 crore through initial public offering (IPO) of shares in 2012.

Further, a large number of already-listed companies are expected to tap “offer-for-sale” route in 2013 to raise funds to comply with a regulatory requirement of minimum 25 per cent public shareholding.

These companies alone, which include over 100 private sector firms and a few public sector entities, could sell shares worth Rs 26,000 crore as per current valuations. Many companies, including Just Dial and Videocon D2H, have filed their draft IPO offer documents with market regulator Sebi.

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