New Delhi: IPO market has shown revival with MCX IPO achieving overwhelming subscription. The government is already bullish on making every endeavour to meet the disinvestment target which is another positive news for primary market.

The Rs 1,665 crore-IPO of auto parts maker Samvardhana Motherson Finance Ltd (SMFL) will begin on Wednesday, billed as the largest private sector public issue in more than two years.
The company has set a price band of Rs 113-118 for the issue that would close on May 4.
SMFL's IPO would be the largest private sector offer after JSW Energy mopped up about Rs 2,700 crore through initial share sale in December 2009, according to market sources.
This would also be the first IPO that aims to raise over Rs 1,500 crore so far in 2012.
SMFL has already raised Rs 222 crore through issue of shares to four anchor investors, including the Government of Singapore.
The company has alloted over 1.93 crore equity shares to anchor investors at a price of Rs 115 per share, raising Rs 222.03 crore in the process, as per data available on the stock exchanges.
The Government of Singapore purchased over 66 lakh shares in a transaction worth about Rs 78 crore.
US-based IVY Pacific Opportunities Fund got 45.22 lakh shares for Rs 52 crore. The two other anchor investors are First State Investments Hong Kong and Birla Sun Life.
The IPO committee of the company's board of directors finalised the allocation of shares to anchor investors on Monday.
"Out of Rs 1,665 crore we are raising from this issue, over Rs 950 crore will be used for debt repayment, Rs 170 crore for expansion of our new companies and the remaining for other corporate purposes," Samvardhana Motherson Group Chairman Vivek Chand Sehgal said on Monday.