IPOs in 2023: Pranav Haldea says overall public equity fundraising increased 59 per cent to Rs 1,44,283 crore in 2023 from Rs 90,886 crore in 2022, IPO Fundraising In 2023 Drops 17% to Rs 49,434 Crore; Details Here
IPO mobilisation climbed significantly by 76% in the first half of 2023–24, excluding LIC IPO that was launched last year.Retail investors showed greater enthusiasm, with the average number of applications increasing to 10.02 lakh, according to Prime Database Group s report.
LIC accounted for Rs 20,557 crore or a huge 39 per cent of the total amount raised in FY23., without which the IPO fundraising would have been Rs 31,559 crore.
Sixty three Indian corporates raised an all-time high Rs 1.18 lakh crore through main board IPOs in calendar 2021.This was nearly 4.5 times Rs 26,613 crore raised through 15 IPOs in 2020 and almost double of the previous best year 2017 in which .