Nearly half-a-dozen IPOs to hit the markets this March

The equity markets in India have been witnessing flood of IPOs these days, even including two coming from the Exchanges-while the BSE IPO got an overwhelming response listing at a record high, NSE is now preparing for its IPO. Meanwhile, a host of companies are gearing up to woo the retail investors with their Offers taking advantage of optimism around the equity markets. 

The list of companies that are expected to hit the Indian bourses in the near future are: 

* Avenue Supermarts Limited's IPO

Incorporated in 2002, the Avenue Supermarts Limited is a Mumbai-based supermarket chain, popularly known as D-Mart. The company offers a wide range of products, focussing on the foods, non-Foods (FMCG) and in general merchandise & apparel product categories. The issue will be opening between March 8 to March 10, 2017 at a face value of Rs 10 per equity share.

* Music Broadcast Limited's IPO

Incorporated in 1999, the Music Broadcast Limited is the first private FM radio broadcaster in India, which operates under the brand name of Radio City. The company operates its radio stations in 29 cities in India as of November 25, 2016.

The issue will be opening between March 6 and March 8 at a face value of Rs 10 per equity share.

* Central Depository Services (India) Limited's IPO

Incorporated in 1999, the Central Depository Services (India) Limited (CDSL) is a subsidiary of BSE Limited and operates as a securities depository in India. It offers a range of services like account opening, dematerialisation, processing delivery, receipt instructions, account statement, pledging, etc. Further details awaited from SEBI.

* Continental Warehousing Corporation Limited's IPO 

Incorporated in 1997, the Continental Warehousing Corporation (Nhava Seva) Limited is a multi-mode logistics company in India, operating cargo handling and storage facilities, in addition to providing express logistics and third-party logistics services. As and when we acquire further details from the market regulator, we will update this. Till then stay tuned.