(PTI)
The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months.
State-owned general insurer New India Assurance and reinsurance firm General Insurance Corporation of India (GIC Re), as also HDFC Life are among the other names that may launch their share-sale offers. Some of these companies have begun the process for approaching capital markets regulator Sebi with their draft proposals.
While UTI Asset Management Company has been planning an IPO for a long time, a few of them such as SBI Life have already indicated that the share sale would take place this fiscal itself.
