LIC accounted for 39% of total IPO fundraising in FY23
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.
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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.
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.
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DCX Systems was commanding a grey market premium (GMP) of about Rs 82, which was higher than Rs 75 level, the day the issue was opened for subscription