"Rising equity markets make it attractive for issuers of equity to raise capital at the moment. Equitas Holding 's Rs 2,177-crore IPO is the biggest public issue in the first six months of 2016. Mahanagar Gas is ranked second (Rs 1,040 crore). "Quality companies which have been reasonably priced have been lapped up by retail investors. Plus, the government trying to meet its divestment target as well as a lot of private equities keen to exit their investments are leading to increased activity in the primary market," he added.

Source: Economic Times July 03, 2016 06:40 UTC