VCCircle

It's a tough question. Hindustan Times reports that the Chennai-based company will tap the capital markets soon to raise about Rs 400 crore. It said the company had appointed Enam Financial and ICICI Securities as advisors for the proposed public issue. R. Subramanian, Managing Director, Subhiksha, is also quoted by the paper as saying that the company is looking at listing in the next six months.
However, HT's sister paper Mint reports that Subhiksha has indefinitely postponed the IPO. Apparently "the company has enough money to fund its expansion and will look for a listing at a 'later point of time' as the stock market builds on its highs". It may even look at bank borrowings to meet the capital needs as they crop up.
“At this point of time we (are) looking at a stronger (stock) market getting stronger rather than a stronger market becoming weaker...We will take a call (and) we are not in a rush to do the IPO,” Subhiksha's MD Subramanian has been quoted.
The company had earlier said it would go in for listing once the chain reaches 1,000 stores. It has already crossed that with some 1,050 stores currently. Now with the divergent reports, it's not clear when exactly the IPO is expected. Subramanian has spoken to both the newspapers, however both of them have understood him differently.