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Infinium Pharmachem and MOS Utility will be launched from the NSE Emerge platform, while Sancode Technologies and Exhicon Events Media Solutions from the BSE SME platform

Amid high volatility and weakness in the capital market, fewer private companies decided to go public in the financial year 2022-23. 

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, according to Primedatabase, the countrys premier ...

IPO Fundraising In 2022-23 Halves; 37 Companies Raise Rs 52,116 Crore: Prime Database

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.

Overall public equity fundraising dropped by 56 per cent to Rs 76,076 crore in the reporting year from Rs 1,73,728 crore in FY22.

The largest life insurer in India, LICs IPO accounted for around 39% of the total fundraising in FY23. Nevertheless, FY23 fundraising in FY23 is still the third highest ever in the IPO market.

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 total amount raised through initial public offerings (IPOs) more than halved to Rs 52,116 crore in FY23 from an all-time high collection of Rs 1,11,547 crore in the previous fiscal, according to an analysis.