Tara Jewels’ Rs.179.5-crore IPO first in five months
feBureau: Mumbai, Nov 20 2012, 00:37 IST
(R3,000-5,000 crore) tap the market. “Bharti Infratel IPO is around the corner and is crucial for the market. If it does well, then we can see a revival in the primary market,” Haldea said.
According to exchange data, primary market listings in the first nine months of CY12 have been at their lowest level since 2003, with seven companies successfully listing their IPOs. Two companies — Plastene India and Samvardhana Motherson Finance — withdrew their IPOs due to poor response.
Tough times
* Previous IPO in main market was VKS Project in June end
* 9 IPOs were launched in 2012, but two were withdrawn
* 2012 was the worst year for primary market, lowest number of IPOs since 2004
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