January is going to a busy month for the IPO market as numerous companies are looking to debut their stocks in Indian market.
RailTel Corporation of India, Indigo Paints, Home First Finance Company, Indian Railway Finance Corporation (IRFC), and Suryoday Small Finance Bank are among the companies looking to tap the market shortly
Investors are bullish because of liquidity in the system, though fundamentals are still playing catch up with valuations," said Skanda Jayaraman, head of investment banking, Spark Capital.
"The economy seems to be on the right path. Also, allocations coming from foreign investors will be an added advantage. Most of these companies are looking at liquidity from retail, as well as institutional investors. Recent IPOs have posted immediate gains for investors," said Rajendra Naik, MD-investment banking, Centrum Capital.
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