Mop-up from IPOs, rights issues down 45 percent in Nov


Mumbai: After touching a high in October on account of the Coal India offer, the quantum of funds mopped up by India Inc through IPOs and rights issues in November dipped nearly 45 percent to 10,556.9 crore. This amount was mobilized through eight offers, including four initial public offers (IPOs). Corporates had raised as much as 19,109.7 crore in October through seven offers - 5 IPOs and 2 rights issues, market regulator Sebi said. "During November 2010, 10,556.9 crore was mobilized in the primary market through eight issues as compared 19,109.7 crore mobilized through seven issues in October 2010," said the latest issue of Capital Market Review by the Securities and Exchange Board of India (Sebi).
Source: PTI