Coimbatore: The Indian Texpreneurs Federation (ITF) conducted a one-day session on "India CXO Forum" on capital and credit risks in Coimbatore on Saturday.
The session was organised by ITF in association with Brickwork Ratings (BWR) and Bombay Stock Exchange (BSE). Interaction session was organised in the presence of Rajat Bahl, Chief Analytical officer, Brickwork ratings on capital market trends in India.
Speaking at the inaugural, Prabhu Dhamodharan, convener of ITF, said, "India has a vibrant equity and debt market, where companies have been raising funds to fulfill their business and capital expansion plans. For any company, going to a public issue is a strategic and critical source of public fundraising for the expansion of business and to achieve the next level of growth. Companies raise debt to support long-term and short-term capital requirements through various borrowing programs including debentures, commercial papers, bank loans and other hybrid instruments."
According to him, the interaction in this event had empowered the participants with actionable skills that can be immediately put into practice. He said, "There was discussion on various trends seen in the economy, share sectoral credit outlook and trends seen in the capital and loan market. Also, the event provided necessary knowhow for a successful IPO planning to maximize the value creation for stakeholders.
"As per our estimates, at least 15 mid-corporates in the region with excellent manufacturing capabilities, better sustainability practices, brand positioning can go for IPO and top 12 companies easily can create Rs 10,000 crore to Rs 12,000 crore market capitalization with conservative PE valuations," he said.
Dhamodharan said a BSE team presented case studies of successful companies who raised funds with IPO.
“We discussed on hedging through exchange to offset the risk of any adverse price movements, be it cotton or currencies.”
