Page 16 - Prime Database News Today

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 ...

According to a report by Prime Database, funds raised via IPOs in India went down by 50 per cent in FY23.

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.

Due to extreme volatility fuelled by macroeconomic uncertainties, Indian corporates fundraising through equites and debt instruments declined in FY23 to ₹11.73 lakh crore.

The global economic crisis, which hit the companies' initial public offering (IPO) plans in India in 2022, continues to haunt the founders and CEOs and the first two months of the new year went completely dry as no public offering was launched ...

Although some IPOs appear to be in the offing this month, the mood among the companies, investors and the public is yet to be lifted after a dismal December.Fort