Companies raise Rs 8K crore from primary market in Sept
Quotes

Companies raise Rs 8K crore from primary market in Sept

Last Updated: Friday, November 02, 2012, 15:52
 
 Comment 0
 
Companies raise Rs 8K crore from primary market in Sept
Mumbai: Indian companies raised a whopping Rs 7,990 crore through primary market, largely via rights issue and debt, in September as various reform measures announced by the government improved investor sentiment.

Thus, the cumulative amount mobilised for the financial year 2012-13 till September has spurt to Rs 9,129.60 crore through 27 issues, although still lower than Rs 16,130.90 crore raised via 47 issues during the year-ago period.

According to data available with market regulator Sebi, while only Rs 36 crore was through four initial public offerings (IPOs) in September, Rs 6,682 crore was raised from 7 rights issues. Under this route, shares are issued to existing investors as per their holding at pre-determined price and ratio.

Besides, three firms secured Rs 1,272 crore through the debt route in September.

"During September 2012, Rs 7,989.7 crore were mobilised in the primary market by way of 14 issues as compared to Rs 12.4 crore mobilised through two issues in August 2012, showing a manifold increase over the previous month," Sebi noted.

In August, the companies had not tapped the debt route.

"Amount raised through IPOs during September 2012 include four IPO (worth Rs 35.9 crore) listed on SME (small and medium exchange) platform," it added.

Market analysts believes that an uptrend in the stock market and various reform measures being undertaken by the government and regulator Sebi have helped companies to look for primary market to raise funds in September.

PTI



First Published: Friday, November 02, 2012, 15:42


Comments


comments powered by Disqus
John Kery with Indian Biz Honchos
John Kery with Indian Biz Honchos
Honda Mobilio MPV
Honda Mobilio MPV
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved