Fundraising via initial public offer halves in FY23
Amid high volatility and weakness in the capital market, fewer private companies decided to go public in the financial year 2022-23.
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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, LIC's 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.