IPO fund raising all-time peak at Rs 1.18 lakh cr: Analysis

NEW DELHI: Sixty-three Indian corporations raised an all-time high of Rs 1.18 lakh crore through main board IPOs in calendar 2021, according to an analysis. This was about 4.5 times the Rs 26,613 crore raised through 15 initial public offerings (IPOs) in 2020, and nearly double the previous record year of 2017, when Rs 68,827 crore was raised.

According to Pranav Haldea, Managing Director of Prime Database Group, the significant highlights included IPOs from new age loss-making technology businesses, substantial retail involvement, and huge listing gains.Overall public equity fundraising surpassed Rs 2 lakh crore in calendar 2021, surpassing the previous high of Rs 1.76 lakh crore the previous year.

The public's response was overwhelmingly positive. 36 IPOs received a massive response of more than 10 times (of which 6 IPOs received more than 100 times), while 8 IPOs were oversubscribed by more than 3 times, according to data currently available. The remaining 15 first public offerings (IPOs) were oversubscribed by 1 to 3 times.

Retail investors responded enthusiastically to the year's events as well. Retail applications accounted for 14.36 lakh on average, compared to 12.77 lakh in 2020 and 4.05 lakh in 2019. Glenmark Life Sciences (33.95 lakhs) received the most retail applications in 2021, followed by Devyani International (32.67 lakhs) and Latent View (32.67 lakhs) (31.87 lakhs).

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