IPO Mop up Plunges : The first half of FY 2022-23 has not been very good in terms of IPOs in India. Let us tell you that despite the support of Life Insurance Corporation of India (LIC), Rs 35,456 crore has been raised from Initial Public Offerings (IPOs) brought from 14 companies in the first half (H1FY23) of the financial year 2022-23, up from last year 2021. 32 percent less than the same period.
what is report
According to the report released by Prime Database, a total of 14 companies came out with their IPOs in H1FY23 through which an amount of Rs 35,456 crore was raised. A total of Rs 51,979 crore was raised through 25 IPOs in the same period a year ago.
71 IPOs approved
According to the report, IPO activities are likely to pick up in the second half of the current financial year. 71 IPO proposals have been approved by the market regulator SEBI, through which it is planned to raise Rs 1,05,000 crore. Apart from these, 43 other proposals worth Rs 70,000 crore are currently under consideration of SEBI. In this way, preparations are on to bring a total of 114 IPOs, out of which 10 issuances are of new age technology companies. These technology companies have set a target of raising around Rs 35,000 crore.
LIC raised Rs 20,557 crore
The report of Prime Database says that Life Insurance Corporation of India (LIC) took over the IPO market in the first half. This IPO alone raised Rs 20,557 crore. LIC, the largest ever IPO in the country, has a share of 58 percent in the total amount raised from IPO in the half of April-September 2022.
What Prime Database Said
Pranav Haldia, Managing Director of Prime Database Group, says that the total amount raised from the IPO in the first half has been only Rs 41,919 crore, which is 55, compared to Rs 92,191 crore in the same period a year ago. percentage is low. He said that apart from LIC during April-September 2022, the IPOs of Delhivery and Rainbow Children have also received good response from investors. Raised Rs 5,235 crore from the issue of Delhivery and Rs 1,581 crore from the issue of Rainbow Children.
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