16 IPOs cleared so far by SEBI in 2016 alone

SEBI has approved so far in this year alone launching of 16 IPOs from various sectors with companies  looking to fund capital expansion and working capital. 

The list included L& T infotech, Nihilent Technologies, GVR Infra projects, Mahanagar Gas, Maini Precision Prodcuts and GNA axles. Of the 16 companies list  Equitas  Holdings, Thyrocare Technologies and UJJivan Financial Services have already got themselves listed. Put together the three companies managed to raise Rs. 3,500 crore and the remaining companies who have got the regulatory approval will be raising Rs. 5,200 crores from the markets this year. 

2016 has been good year for the IPO markets in India with 10 companies already getting listed this year. The list of 10 companies include Parag Milk Foods, Teamlease Services, Quick Heal Technologies and Infibeam Incorporation. Remaining part of the year also looks good with secondary markets doing well which affects the sentiment for primary marker listings. 

2015 was also a good year for IPO markets in India with 20 main board IPOs together  garnering Rs. 15,000 crore. 2015 indeed was one of the best years for IPO markets in recent times. There were only six IPOs that had hit markets in 2014 garnering Rs. 1,261 in total. The figures are even lower for the year 2013 where only three firms hit the IPO market in India. However the volumes stood at Rs. 1,284 crores. 

Several of the companies who have got regulatory approval for listing have stated that they need funds for expansion and working capital. Few of the companies do list their equity shares with a view to enhance their brand value and provide liquidity to existing shareholders. 

It will be interesting to see the performance of the new to be listed companies even as recently listed Ujjivan Financial Services keeps investors and traders interested with its increasing share price. The stock is up by almost 30 percent since the stock got listed on 10th of May.