NBFCs ride IPO rush as demand for funds soars
Monday, April 10, 2017, 9:22 AM
Non Banking Finance Companies have seen a surge in their IPO financing business as record bids for IPO have led to an increased demand for funds. NBFCs have made margins as high as 200-300 basis points in the recent Avenue Supermarts IPO. Avenue Supermarts raised 1,870 crore through IPO on March 10. The issue was subscribed 104 times in the price band of 295-299.