Meanwhile, a slew of IPOs in 2017 make the equity markets
a viable investment landscape, the report said, adding four of the five IPOs in the quarter were oversubscribed multiple times, showing buoyant market sentiment.
"D-Mart, BSE and Radio City IPOs raised 23 per cent of deal value at $538 million," the report said.
Meanwhile, value of deals for QIPs rose by $1,332 million in the January-March quarter as against last year, and the YES Bank and Hindalco Industries dominated the scene with a cumulative issue size of $1,252 million.
"In grim times for other investment options, the equity capital markets
came through as a beacon, offering hope that buoyant sentiments and a multitude of IPOs expected to hit the markets in 2017 will make the ECM deals landscape a lucrative investment opportunity," said Nita Kapoor, Head India - New Ventures, News
Corp and CEO, News
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.