Vedanta Group Share Price : Vedanta Group’s company Sterlite Power is also waiting for a good equity market for its IPO. Let us tell you that Sterlite Power Transmission Limited is preparing to bring an IPO of Rs 1,250 crore.
Good time for IPO
It is known that like last year, this year also a very good time is going on for IPO. Many companies have decided to postpone their IPO in view of the condition of the Indian stock market.
Market demand is IPO
Sterlite Power’s Managing Director Prateek Agarwal says that the timing of the IPO will depend on the market demand and valuation. Other fund raising options available to the company at that time will also be looked into. Prateek said that the question of IPO completely depends on the market. It is not that we should decide this ourselves. This is a business that requires capital, so we will take whatever is the best solution in front of us.”
In August last year, Sterlite Power had applied for an IPO and in December it got the approval of the market regulator SEBI. Considering the weak market conditions due to geopolitical tension and bearish concerns, it is yet to initiate share sale. SEBI approval will be valid for 12 months.