IPO fundraising down 26% but average listing gains are up 29% this year
The largest IPO in the first half of 2023-24 was from Mankind Pharma (Rs 4,326 crore). This was followed by JSW Infrastructure (Rs 2,800 crore) and RR Kabel (Rs 1,964 crore).
 "IPO fundraising down 26% but average listing gains are up 29% this year")
Even though overall public equity fundraising has increased 69 per cent in the first half of 2023-2024, funding for initial public offerings ( IPOs) has dipped in the same period.
Thirty-one Indian corporates raised Rs 26,300 crore through main board IPOs in the first half of 2023-24, 26 per cent lower than the Rs 35,456 crore mobilized by 14 IPOs in the same period in 2022-23, according to primedatabase.com, India’s premier database on the primary capital market.
However, excluding the mega LIC IPO which took place last year, IPO mobilisation increased by a huge 76 per cent from last year.
Thirty-one Indian corporates raised Rs 26,300 crore through main board IPOs in the first half of 2023-24, 26 per cent lower than the Rs 35,456 crore mobilized by 14 IPOs in the same period in 2022-23, according to primedatabase.com, India’s premier database on the primary capital market.
However, excluding the mega LIC IPO which took place last year, IPO mobilisation increased by a huge 76 per cent from last year.
Overall public equity fundraising increased to Rs 73,747 crore from Rs 43,694 crore in the first half of 2022-23.