Abstract:
The IPO Market News in 2007 suggests that IPOs in 2007 were remarkable in terms both money earned and issue of shares. The proceeds from the IPOs crossed several billions. It was a historical feat in the Indian Capital Market.
IPO Market News in 2007 - Overview
The highlight of the IPO Market News in 2007 is that, it raised approximately US$ 8.3 billion, by the means of 95 such initial public offering.
In 2007 the IPO in India was the 7th largest in terms of funds raised and 5th largest in terms of shares issued, as per the records of the Ernst and Young. In the year 2006 the IPOs raised US$ 7.23 billion, by the means of 78 initial public offerings. There was an increase of nearly US$ 1 billion.
IPO Market News in 2007 - Performance
The largest IPO in India in 2007 was DLF IPO that raised around Rs 9,187.50 crores. Some of the other important IPOs in 2007 were Idea Cellular IPO - which raised nearly US$ 555 million, Genpact IPO - which earned proceeds of around US$ 568 million, and Power Finance Corporation IPO, whose proceeds from the issue of shares amounted to US$ 226 million. The main factors behind the success of the IPO in 2007 were the developments in the stock market, Indian economy, private equity and corporate profits. With the economic boom, more and more companies are issuing equity shares in the capital market. With the introduction of the open market economy in the 90s, IPO Market went through drastic policy alterations and restructuring of reforms.
IPO Market News in 2007 - September 2007, top 10 gainers
- RIIL IPO gained 178.14 %
- STCINDIA IPO gained 115.08 %
- RNRL IPO gained 90.54 %
- WALCHANNAG IPO gained 82.62 %
- REIAGRO IPO gained 79.70 %
- MRPL IPO gained 70.37 %
- IVC IPO gained 64.44 %
- AFL IPO gained 60.13 %
- KKCL IPO gained 57.87 %
- BINANIIND IPO gained 55.47 %
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