Indian Companies line up IPOs worth Rs 8,000 crore

Indian companies lined up initial public offers (IPOs) worth at least Rs 8,000 crore in 2015 to fund business expansion and meet working capital requirements, according to reports.

Report said that Videocon D2H, Lavasa Corporation, Adlabs Entertainment, Rashtriya Ispat Nigam Ltd (RINL) and MEP Infrastructure Developers are among firms that are planning to launch public offers in the coming months.

At present, seven companies are planning to raise Rs 2,965 crore and have Sebi's approval, while another 12 firms, intending to mop-up Rs 5,362 crore, have filed draft documents with the capital market watchdog, according to report.