Marking a big day for IPOs, two companies -no frills carrier IndiGo and e-retailer Infibeam - filed papers with Sebi to raise nearly Rs.3,000 crore in all. In a sign that the IPO market is revving up after months of subdued activity , staffing firm TeamLease also initiated the process of filing papers for raising around Rs.450 crore.
In addition, Biocon arm Syngene, Prabhat Dairy , Navkar and Catholic Syrian Bank, which have already got a nod from regulator Sebi, plan to hit the capital market in the next two-three months with IPO offers totalling nearly Rs.2,000 crore.
InterGlobe Aviation, which runs the country's biggest airline by market share under `IndiGo' brand, plans to raise up to Rs.2,500 crore. Becoming the first e-commerce player to tap the IPO route, Infibeam plans to mop-up around Rs.450 crore.
Started in 2007, Infibeam runs several e-commerce services such as Infibeam.com, Indent, BuildaBazaar, Incept and Picsquare. Last year, Sony Music had bought a 26% stake in Indent. TeamLease Services' MD & co-founder Ashok Reddy said the company was exploring multiple options to facilitate the aggressive growth that it plans for the future.
In addition, Biocon arm Syngene, Prabhat Dairy , Navkar and Catholic Syrian Bank, which have already got a nod from regulator Sebi, plan to hit the capital market in the next two-three months with IPO offers totalling nearly Rs.2,000 crore.
InterGlobe Aviation, which runs the country's biggest airline by market share under `IndiGo' brand, plans to raise up to Rs.2,500 crore. Becoming the first e-commerce player to tap the IPO route, Infibeam plans to mop-up around Rs.450 crore.
Started in 2007, Infibeam runs several e-commerce services such as Infibeam.com, Indent, BuildaBazaar, Incept and Picsquare. Last year, Sony Music had bought a 26% stake in Indent. TeamLease Services' MD & co-founder Ashok Reddy said the company was exploring multiple options to facilitate the aggressive growth that it plans for the future.
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