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SMEs mop up Rs 134 crore through IPOs in Apr-Aug

As many as 17 small and medium enterprises (SMEs) got listed on capital markets with public issues worth Rs 134 crore in the first five months of the ongoing fiscal. In comparison, nine SMEs had launched their initial public offerings (IPO) and raised a total of Rs 90 crore during the April-August period of the previous fiscal. According to the data available with Sebi, three SMEs came out with public issues in August, raising a total of Rs 21 crore, while five companies hit the capital markets in July to mop-up Rs 69 crore. Further, eight SME had hit the markets with an IPO worth Rs 39 crore in June, one firm launch its public issue in May, while no issue was launched in April.
Source: Latest News

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