New Delhi: Small and medium enterprises (SMEs) raised a staggering Rs 811 crore through initial public offerings in 2016-17, more than two-fold jump from the preceding fiscal. The huge fund-raising can be attributed to reforms and initiatives taken by the government to encourage the SME sector. F…
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SME IPOs catch investors’ eye, subscription multiplies
Small and medium enterprise (SME) IPO market has started to gain traction among investors, with public issues of several firms, including DRA Consultants and Sysco Industries, getting oversubscribed multiple times. Moreover, mutual funds, banks and brokerages have started showing interest in the …