Saturday, August 08
Mumbai: A volatile stock market is prompting IPO-bound firms to take divergent paths for their listing roadmap. Those mainly looking to raise fresh capital through public offerings are pressing ahead despite the current weak market sentiment. In contrast, companies planning IPOs that largely comprise offers for sale by existing shareholders, are reassessing their plans. According to investment bankers, at least five firms have either slowed down or paused their IPOs in recent weeks. These are Lalithaa Jewellery, SMPP, Sahajanand Medical Technologies, Continuum Green Energy, and Dorf Ketal Chemicals.127664910 Pragmatic Approach Email queries to these companies remained unanswered. "In the current environment, several companies are choosing to defer IPO timelines rather than compromise on l
