Mumbai: Around 30 companies filed their draft initial public offering (IPO) papers with the markets regulator in the last six months, eyeing a revival in the IPO market in 2020, data from the Securities and Exchange Board of India (Sebi) shows. In Q4 2019, 13 companies filed their draft IPO prospectus with Sebi, while Q3 2019 saw 17 filings. In contrast, the first half of 2019 saw 15 companies file their IPO papers, with and nine filing their papers in Q1 and six in Q2. The surge in initial share sale filings comes even as 2019 clocked a five-year low fundraising tally for the IPO market. The rush of IPO filings suggest that companies are optimistic of a turnaround in 2020.

Source: Mint January 01, 2020 17:15 UTC