The IPO league is growing - and thriving. In the construction arena, whether it is companies involved in building products, building and infrastructure projects, or state-owned undertakings, the initial public offering (IPO) lane is clearly crowded.
According to rating firm ICRA outlook for the road sector, while the engineering, procurement and construction (EPC) project executions may witness a temporary slowdown during the general elections; the build-operate-transfer (BOT) and hybrid annuity model (HAM) projects executions are expected to continue unabated.
ICRA has given a stable outlook for the construction sector, in its year end assessment of the sector. The order inflow for construction sector has been robust over the last few years, supported largely by increased government spending towards infrastructure.