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Increased IPO's in Power Sector; Likely to Make Market More Competitive

News:

The initial public offer (IPO) of Power Mech Projects, a power infrastructure services company, was subscribed 45 per cent on the second day of offer today. 
Source: ET

SNP Insight:

Increase in IPO's in power sector is likely to make the industry more competitive as the proceeds is used for debt repayment or expansion of the company. Also, this may threat the existence of the small player in the market.
Source: SNP Infra Research