Just Dial, Bharat-Matrimony and HomeShop18 may launch IPO

Just Dial, Bharat-Matrimony and HomeShop18 may launch IPO
Buoyed by the smart rally in equities in the past one month, three leading internet firms of India-- Just Dial, Bharat-Matrimony.com and HomeShop18—are planning to launch Initial Public Offers (IPOs) within next 12 months.

Analysts said that it would be beneficial for venture capitalists struggling to exit with profits. IPOs will boost confidence among global investors.

Just Dial, a web based local search service, has already received approval for IPO from Sebi in April and plans to raise USD 700 million, in the country's largest ever fund raising by an internet firm.

Similarly, BharatMatrimony is planning to raise USD 125 million later this year followed by Home-Shop 18 which may hit the street in 2014.

Experts said that strong IPOs will encourage risk capital managers in India to exit from their ventures.

Read more about: ipo
Story first published: Tuesday, May 7, 2013, 9:30 [IST]
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