Choppy markets choke IPOs worth Rs. 30000 crs

India Inc’s plans to raise over Rs 30,000 crore from initial share sales this year have been put on the back burner as investors’ appetite remains low and promoters are unwilling to sell at lower valuations. Several private sector companies that had got a nod for initial public offers (IPOs) from the Securities and Exchange Board of India (Sebi) have allowed the one-year window to lapse. They have not re-filed the draft red herring prospectus (DRHP) with the regulator

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