MUMBAI: The outlook for the stock market may be uncertain but the pipeline of top-notch companies hitting the primary market remains robust in the New Year. Initial public offerings (IPOs) from the Bombay Stock Exchange (BSE), Avenue Supermarts (D-Mart), Housing and Urban Development Corp (Hudco), Aster DM Healthcare, National Stock Exchange, Hinduja LeylandBSE 0.00 % Finance, Continental Warehousing, Central Depository Services Ltd (CDSL), Barbeque Nation and AV Finance among others are expected to hit the market in the next few months. Investment bankers said companies are waiting for the Feb 1 budget before going ahead with their fund-raising plans.
The Securities and Exchange Board of India (Sebi) has approved 14 IPOs worth Rs 8,020 crore while another 10 firms have filed their draft red herring prospectuses (DRHP) to raise a total of Rs 15,000 crore. Another dozen companies are in the last stage of finalising DRHPs.
Last year saw 26 companies raising Rs 26,500 crore through IPOs, the most since 2010. Asia’s oldest stock exchange BSE will open its IPO towards the end of this month. Avenue Supermarts, which runs the most profitable supermarket chain in the organised segment under the D-Mart brand, may launch its…