Ipo Fundraising News Today

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 Groups report.

Ideaforge topped the charts with a stupendous return of 93%, followed by Utkarsh Small Finance Bank at 92% and Netweb Technologies at 82%. The largest IPO in the first half was from Mankind Pharma (Rs 4,326 crore), followed by JSW Infrastructure (Rs 2,800 crore) and RR Kabel (Rs 1,964 crore)

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

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.

For the near future, consumer tech may take a bit of back seat, paving the way for B2B themes and emerging sectors, says S. Ramesh, MD, CEO Kotak Investment Banking

The second half of 2022 will be another subdued period for equity capital markets, especially for initial public offerings (IPOs) with a volatile stock market being one of many macroeconomic headwinds, experts said

More than Rs 1 lakh crore was raised in the calendar year as over 60 companies tapped the stock markets to get listed; start-up IPOs were the highlight of the year. 

IPO fundraising all-time high at Rs 1.18 lakh crore; almost double since 2017