Photo: iStockMumbai: After a dull start to the year, activity in the initial public offering (IPO) market in India is expected to pick up pace with companies expected to raise more than Rs12,000 crore in the month of March. These three companies together are looking to raise more than Rs12,000 crore, the people cited above said. Emails sent to HAL, Bandhan Bank and ICICI Securities did not elicit any response. ICICI Securities will be the third company from the ICICI group to go public. Last year, ICICI Lombard General Insurance Co. Ltd raised Rs5,700 crore in an IPO, the first public offering by an Indian general insurance company.

Source: Mint February 27, 2018 19:41 UTC