Listing Queue of IPOs: Five companies this week

by khalid on 04/10/2010 · 0 comments

The week will see the listing of Career Point Infosystems Ltd (October 6), Eros International Media Ltd (October 6), Ramky Infra (October 8), Orient Green Power Co (October 8) and Electrosteel Integrated (October 8). These companies mopped up a total of nearly Rs. 2,180 crore through their respective initial public offerings (IPOs) last month.

FIIs are pouring money like anything and that is why the stock market is rising at a faster pace. Many firms are tapping the capital market to cash in on the upbeat investor mood. Last week, the BSE Sensex recorded a net gain of 2%, extending its winning streak for the fifth straight week. The Sensex rose by over 10% In September 2010.

Last week was the busiest week in the last 15 years for the primary market. During the period, eight companies seeking to raise around Rs. 3,000 crore through IPOs hit the capital market, while three others were already underway, giving people the choice to invest in as many as 11 companies in a single week. Over one dozen companies came out with IPOs last month September 2010.

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