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The Hindu

National

Sanjay Vijayakumar

A new surge from Tamil Nadu

Tamil Nadu Chennai

After a long time, many companies based in Tamil Nadu have been taking their companies public through initial public offering (IPO). According to Prime Database, a data company focussing on capital markets, eight companies from the State raised money through IPOs last year. They are Aptus Value Housing Finance India Ltd; Craftsman Automation Ltd; Data Patterns (India) Ltd; Go Fashion (India) Ltd; Latent View Analytics Ltd; Shriram Properties Ltd; Star Health and Allied Insurance Co Ltd; and Chemplast Sanmar Ltd (which got relisted).

This year too, several companies have sought approval from the Securities and Exchange Board of India for IPO. Radiant Cash Management Services Ltd and Veranda Learning Solutions Ltd have got the approval, while Tamilnad Mercantile Bank Ltd and Five-Star Business Finance Ltd are in the pipeline.

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