SBI in a report mentioned, "For example, sectoral analysis reveal that credit growth in sectors like power, mining and quarrying and metals are highly correlated with the amount raised through IPO in these sectors. The current fiscal has witnessed a significant interest in IPO market with Rs 49,175 crore raised in just 7 months period. After the muted performance till FY15, Indian IPO market picked up with 70 and 106 companies listed in the last two years. This further gained momentum in the current fiscal with 112 companies already hitting the IPO market till October 2017. In the current fiscal, Indian companies have raised Rs 49,175 crore in just 7 months period.

Source: dna December 04, 2017 05:16 UTC