India's 2008 equity mop-up seen at Rs 75000 crore: Prime (The Economic Times 8th Jan 2008)Indian companies are expected to raise about Rs 75000 from the primary market through issue of equity shares in 2008, Prime Database said on Monday. Of this, about Rs 60000 crore would be through initial public offers (IPOs) and the balance from follow-on issues, the primary market monitoring firm said. It expects 150-175 public issues to hit the market this year. "Even if only the 70 documents filed presently with the Securities and Exchange Board of India (SEBI) were to materialise, these alone would result in mobilisation of over Rs 35000," Prime Database said in a statement. More
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