OFS still commands the lion's share in fundraising through IPO, shows data

SME segment has a higher share than mainboard companies

Companies raised less money through initial public offerings (IPOs) for their own needs in 2022, with a majority of capital raised continuing to go to exiting shareholders. 

Offer for sale (OFS) by exiting shareholders accounted for 68.4 per cent of the total amount raised in IPOs in 2022, revealed numbers sourced from primary market tracker PRIME Database.

Fresh capital going to fund a company’s business plans accounted for less than a third of the total amount raised. The previous year had seen 63.2 per cent of IPO proceeds under OFS. 

Companies raised Rs 61,171 crore in IPOs in 2022. Fresh