Performance of Indian IPO Market in first half of FY 2022-23
For the first half of FY 2022-23, it seems that Indian IPO market is losing the momentum compared to previous year’s performance. Only 14 Indian corporates raised Rs. 35,456 crore through main-board initial public offers (IPOs) in the first half of the fiscal year 2022-23. This is 32 per cent less than Rs. 51,979 crore raised through 25 IPOs in the corresponding period of 2021-22.
The IPO of Life Insurance Corporation (LIC) of India worth Rs. 20,557 crore accounted for 58 per cent of the total funds raised so far this year. Overall public equity fundraising — including SME IPOs, follow-on public offers (FPO), and qualified institutional placement (QIPs) — also dropped 55 per cent to Rs. 41,919 crore from Rs. 92,191 crore in the corresponding period of the previous year.
