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Fund raising via equity issues jumps more than doubles in 2020

The devastating pandemic failed to dampen the primary and secondary capital market issuances with the year closing with the highest ever fund raising from the equity markets, that grew at 116 per cent to Rs 1.78 lakh crore in IPOs, OFS and other market issuances, according to a report. Despite the entire 2020 being overshadowed by the pandemic, an all-time high fund raising through public equity markets at Rs 1,77,468 crore. This was 116 per cent higher than Rs 82,241 crore was raised in 2019, according to Pranav Haldea, managing director at Prime Database. The previous highest amount raised in a calendar year was Rs 1,60,032 crore in 2017.

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