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The average listing gain (based on closing price on listing day) was up 29 pc

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

Fund mobilisation through corporate bonds that are privately placed has hit a record ₹8.97 lakh crore in 2023, with three weeks left in the year. Fund managers attribute the unprecedented mobilisation to the heightened demand for credit driven by increased economic activity amid faster-than-expected growth, coupled with the low cost of funding.

India Inc is tapping the low-cost private placement route to raise funds like never before.Fund mobilization through corporate bonds that are privately placed has hit a record ₹8.97 lakh crore in 2023, with three weeks left in the year.

“Typically in an IPO cycle, we find that towards the end of the IPO cycle, valuations get slightly stretched, which is what you have seen in 2021, in 2017 and even in 2008. However, this time we are seeing good quality, well-governed companies and the valuations have also been fairly reasonable. ”