Thirty-seven Indian corporates raised Rs 52,116 crore through main board IPOs in financial year 2022-23, less than half of the Rs 1.11 lakh (all-time high) mobilised by 53 IPOs in 2021-22
Forty Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 118,723 crore (all-time high) mobilised by 63 IPOs in 2021, according to PRIME Database
If one were to remove the state-owned insurer's Rs 21,008 crore offer, the figure would come to a third of the amount raised in 2021
Under the new mechanism, non-banking finance companies (NBFCs) are providing up to Rs 8 lakh on a margin amount of Rs 2 lakh for a flat fee of Rs 2,000, said industry sources.
Shift to short-term investments and IPO funding seen as reasons for trend, according to a report.
The companies had raised Rs 20,300 crore through IPO route in 2019
Roadshows are integral to fund-raising - foreign investors get to meet the promoters and query them face-to-face on company prospects
A total of 29 companies raise Rs 45,802 crore; Financials dominate
With the initial public offering (IPO) of General Insurance Corporation of India (GIC Re) getting fully-subscribed, fund-raising through the IPO route has hit a record high so far in 2017, crossing Rs 40,000 crore mark.Thus far in the calendar year 2017 (CY17), 28 companies have collectively mopped up Rs 44,853 crore through IPOs, surpassing its previous high recorded seven year ago. In entire CY10, as many as 64 companies had raised Rs 37,535 crore via IPOs.Till September 2017, 24 companies had raised Rs 30,853 crore in first nine months of CY17, data from PRIME Database show. In October, four companies - Godrej Agrovet, MAS Financial Services, Indian Energy Exchange and GIC Re - have collectively mobilised around Rs 14,000 crore, taking tally to Rs 44,853 crore in CY17.The amount raised is 82% higher as compared to the same period last year when 24 companies had mobilised Rs 24,653 crore from the primary market between January and October 2016. In entire CY16, total 26 firms had ...
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline