80 companies preparing to bring IPO: IIFL Securities

The company's chairman Nipun Goyal said that the IPO market is witnessing a boom for the last three months.
New Delhi: 80 companies including India First Life Insurance, Snapdeal, Tata Technologies, Netweb Technologies and Go Digit Insurance are preparing to bring initial public issue (IPO IPO). Brokerage company IIFL Securities gave this information on Thursday. The company's chairman Nipun Goyal said that the IPO market is witnessing a boom for the last three months. It all started with Mankind Pharma. The company entered the capital market with an IPO of Rs 4,326 crore. Investors took it in hand. After being listed, its performance was better.
He said that since then five more IPOs have come. Many IPOs are expected to come in the next four-eight weeks.

Goyal said, “As on date, about 80 companies have submitted draft offer documents for IPOs with the capital market regulator SEBI. We expect many of them to hit the market in the next few months.
These companies include India First Life Insurance, Snapdeal, Tata Technologies, Netweb Technologies and Go Digit Insurance.

He said that the scope of capital raising is likely to be wide in many sectors including financial services, health and manufacturing.