Public issues are back with a bang. Despite the tepid response from retail investors to the mega NTPC follow-on public offer (FPO) in February, resources raised by companies from the domestic primary market have hit a new high during the month.
Companies have raised Rs 12,580.8 crore from the domestic primary market in February - the highest since June 2007, data with the Centre for Monitoring Indian Economy (CMIE) shows.
The previous best of Rs 12,110.8 crore came in January 2008, the peak of the previous bull rally.
"There wasn't much retail participation in the (current) rally. Brokers used it (public issues) as an opportunity to get retail investors back," said Amar Ambani, vice-president, research, India Infoline.
Source : http://timesofindia.indiatimes.com/articleshow/5655794.cms
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