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…
Tag: Nandini Creation
MFs invest in SME IPOs; Reliance MF in Valiant Organics
Mutual Funds have begun investing in quality small and medium enterprise (SME) IPO, with a public issue of over Rs 21 crore by Valiant Organics getting investment from leading fund house Reliance MF. Valiant Organics came out with an initial public offering (IPO) of 9,64,800 equity shares of face…
Six SME IPOs to hit mkts this week to mop up Rs 65 cr
Enthused over upbeat investor sentiment, as many as six small and medium enterprises (SMEs) will come out with initial public offers to raise an estimated Rs 65 crore. So far this month, seven companies have hit the capital markets. The six firms coming up with IPOs are Jet Knitwears, Nandini Cre…