IPO in 2020: According to the data available with the stock markets, 30 companies raised Rs 31,277 crore through IPO in 2020-21.
The IPO pipeline remains strong for 2021-22 as well.
Indian companies have raised Rs 31,000 crore from the initial public issues (IPOs) in the current financial year (2020-21) due to better liquidity conditions in the global markets and the ‘bull race’ in the domestic stock markets. Experts say that for the next financial year 2021-22, the IPO pipeline remains very strong. This is the highest figure of funds raised from IPO during the last three years.
Chief Executive Officer (CEO) of IIFL Securities – Khudra Sandeep Bhardwaj said that the IPO pipeline is very strong. 28 companies have the approval of Securities and Exchange Board of India (SEBI) for an IPO to raise Rs 28,710 crore. Rajendra Naik, Managing Director-Investment Banking, Centrum Capital said that the IPO of LIC, HDB Financial Services, NCDEX, ESAF Small Finance Bank is expected in 2021-22. According to analysts, according to the data available with the stock markets, 30 companies raised Rs 31,277 crore through IPO in 2020-21.
Apart from IPO, Yes Bank’s 15 thousand crore FPO is also
An amount of Rs 20,352 crore was raised through 13 IPOs in the financial year. Similarly, in 2018-19, 14 companies raised Rs 14,719 crore from the IPO. At the same time, in 2017-18, 45 companies raised Rs 82,109 crore from the IPO. In addition to the IPO in the financial year 2020-21, a follow-on public issue (FPO) of Rs 15,000 crore also came from Yes Bank. Experts said that the IPO market had diversified considerably during the period under review. During this period, IPOs of jewelery, technology, specialty chemicals, banking and financial services companies came up.
There is hope for India, so the IPO boom
Naik said, “Due to the bull race in the stock markets, companies are raising money through IPO. The primary market has also been supported by improving perception in the secondary market. “Bhardwaj of IIFL Securities said the story of adequate liquidity position in the system, new potential business sectors and the expectation, demand and growth of India around the world Because of this the IPO market is booming. Geojit Financial Services Chief Investment Strategist VK Vijaykumar said that the market is in a high position in terms of liquidity. Due to this, a large number of retail investors have been attracted towards the market.
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