Nine companies raised capital of Rs 36,720 crore through IPO in November (November 2021). This is the largest amount raised from IPO in a single month during the last decade. Of these, Paytm’s IPO was the biggest. In 2017, when the IPO boom came, companies had raised capital of Rs 18,284 crore in the month of November. Companies that had entered the primary market to raise capital through IPO had crossed this figure in August itself. These companies had raised Rs 18,242 crore in August 2021 itself.
Paytm alone raised Rs 18,300 crore
In November, Paytm alone raised Rs 18,300 crore from the primary market. Paytm’s IPO was the biggest IPO in the country till date. In November, about 50 percent of the capital raised from the capital market was raised by this same company. However, Paytm’s IPO did not get a good response from investors. After the listing, its shares had fallen by about 30 per cent from the issue price. Later, recovery was visible in it.
Earlier, the IPO of Zomato and other new-age technology companies got a very good response from the investors. The way Zomato’s IPO got tremendous response from investors, it seemed that Paytm would also get good response from investors. But it hasn’t happened. However, so far this year, companies that have entered the primary market to raise capital through IPO have raised one lakh crore rupees.
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Three IPOs in December
IPOs of three companies are coming in December. The IPO of Rakesh Jhunjhunwale-invested health insurance Star Health and Tega Industries has been launched, while the IPO of Anand Rathi Financial Services is about to be launched. The three companies together will raise Rs 8,500 crore. 35 companies have applied for their IPO. Earlier, draft papers of 37 companies have been approved.
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