After the long gap, the IPOs are again on the cards.
Mahindra Holidays and Resorts and Raj Oils have been successful. And the next in the race is the Adani Power.
The stock markets are very much anxious about the increased government borrowing in the present financial year as it would wash away their capital and also increase the interest rates due to increase in the pressure on banks.
The upward trend in the IPOs has got some silver lining in the minds of companies as they can increase their capital investments through public and the damage done by increased government borrowing can be narrowed down significantly.