New Delhi, 22 May (IANS). About 90 companies have submitted draft papers to the Securities and Exchange Board (SEBI) to bring public issue in the first five months of this year (January-May).
A large number of draft papers from the companies have been admitted at a time when the Initious Public Offering (IPO) market remains weak due to global fluctuations and the number of IPOs that came this year is almost half of the same period of last year.
According to the information given on SEBI website, 28 companies submitted draft papers for IPOs in January. In February, 15 companies, 11 companies in March, 24 companies in April and 12 companies so far in May have submitted draft paper to SEBI.
Whenever a company has to raise money through an IPO in the stock market, it files a draft paper near SEBI. It also contains all important information about the company’s financial performance as well as business and its risk.
Companies that have submitted draft papers include Canera HSBC Life Insurance, Canara Roboco Asset Management Company, Anand Rathi Share and Stock Brokers, VWWW India.
According to the IPO, the first five months of 2025 have been quite weak. From January to May, 9 companies have been listed in the mainboard segment, compared to more than 25 in the same period last year.
The Indian stock market has seen a period of ups and downs in the Indian stock market so far due to global instability by the US.
Since the beginning of 2025, the Sensex has given 2.73 percent return to investors and Nifty has given about 3 percent to investors.
-IANS
ABS/
