Two companies Clean Science and Technology and GR Infraprojects are headed to the market with their initial share-sale offers next week to raise a little over Rs 2,500 crore cumulatively.
The companies are expecting to benefit from an equity market, which is swarmed with liquidity and a sharp increase in the number of new retail investors.
This comes after five companies Shyam Metalics and Energy, Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences, Dodla Dairy and Indian Pesticides launched their initial public offers (IPOs) last month.
These firms collectively raised Rs 9,923 crore through public issues.