The IPO pipeline still remains strong, with 54 companies proposing to raise a huge Rs 76,189 crore are presently holding Sebi approval. Another 19 companies looking to raise about Rs 32,940 crore are awaiting Sebi approval.
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.
According to Pranav Haldea, Managing Director, Prime Database Group, as many as 25 out of the 37 IPOs came in just three months of the year (May, November and December).
The largest IPO in 2022-23, which also happened to be the largest ever Indian IPO, was from Life Insurance Corp. of India, followed by Delhivery (₹5,235 crore) and Global Health (₹2,206 crore), with an average deal size of ₹1,409 crore.