Initial Public Offering (IPO) activities are likely to gain momentum in the second half of 2019, as more companies ride on the positive sentiments from the stable government formed at the Centre.
KPR Agrochem’s ₹283-crore IPO will open for subscription on Friday. This company is focused on manufacturing, distribution and retailing of a wide range of crop yield-enhancing and protection product.
Specialty chemical maker Neogen Chemicals opens its initial public offer for subscription today on April 24. It is the fourth company coming out with a public issue in the FY-20.
Neogen Chemicals Ltd is one of India’s leading manufacturers of bromine -based, and lithiumbased, specialty chemicals. Specialty chemicals are those chemicals that impart different properties to a variety of products (i.e. the effect that specialty chemicals have varies based on the product) and have a high degree of value addition.
The government is targeting to raise about Rs 1,500 crore from initial public offerings (IPOs) of two railway companies - Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) - by September, an official said.
Sterling and Wilson, a solar engineering, procurement and construction firm promoted by Shapoorji Pallonji and Company has filed draft papers with markets regulator SEBI to raise about ₹ 4,500 crore through an initial public offer.
