IPO proceeds in India rises 61% in 2020, sentiments revive in Q4

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Mumbai, Jan 24 | Proceeds from initial public offerings (IPOs) in the country surged 61 per cent last year to over $4.09 billion, showed an EY report on Sunday.

The ‘EY India IPO Trends Report: Q4 2020’ showed that the increase in IPO proceeds came despite the fact that the number of IPOs in 2020 was just 43, down 33 per cent from 2019.

It said that the fourth quarter of 2020 saw a strong rebound in IPO activity and market sentiment remains positive.

“Real estate, hospitality and construction, diversified industrial products were the most active sectors (in terms of the number of IPOs) with three IPOs launched in each sector (including main and SME markets),” it said.

In terms of the issue size, the IPO by Gland Pharma Ltd from the life sciences sector was the largest in Q4 2020 with proceeds of $869 million.

Sandip Khetan, Partner and National Leader, Financial Accounting Advisory Services (FAAS), EY India, said: “There is a strong momentum in the IPO markets, and we are seeing an increased interest from companies across sectors looking to raise capital in the near term. Additionally, companies are keenly awaiting guidelines for direct listing in overseas markets.”

“The market sentiment remains positive for what could be a stellar 2021,” he said.

As per the report, Indian stock exchanges, BSE and NSE including SMEs, ranked ninth in the world in terms of the number of IPOs in full year of 2020. There were no cross-border deals during the year.

In the main markets, BSE and NSE, there were ten IPOs in Q4 2020 against five IPOs in Q4 2019 and four IPOs in Q3 2020.

As regards to SME markets, there were nine IPOs in Q4 2020 against six and four IPOs in Q4 2019 and Q3 2020, respectively.

Source: IANS

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From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.

Manthan Dudeja, who currently lives in California and is still in his graduation years, understood the perks of starting early and is now a CEO who has worked across a plethora of jobs, from IoS programming to website development and blogging to trying his hand at Amazon Associates.

In conversation with this dynamic entrepreneur, let’s decode the various options for freshers to make a side income while they are still in school/college –

  • Content writer/Editor

Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.

It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.

  • Software developers/ Programmers/ Coders – Today, software/app developers are earning more than the average of $60 an hour by working remotely. There are a host of online paid/free platforms providing trainings to acquire such skills, Manthan has been an app/website developer for the longest time and by far, this skill has given him the best results for his work.
  • Digital Marketer/ E-Marketer-

Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.

Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.

These are some of the best ways to get started, according to Manthan, all

 

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