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IPO fund raising at 6-year high in FY17, trend expected to continue

IPO fund raising at 6-year high in FY17, trend expected to continue

Saturday, March 25, 2017, 1:23 PM

Capital mobilisation through IPO route hit a six-year high in 2016-17. A total of 25 companies collectively raised Rs 28,220 crore, the highest since 2010-2011. A supportive secondary market and encouraging performance after the stock listed had kept investor sentiment buoyant towards the primary market. This financial year saw some big issuances, such as of ICICI Prudential Life, PNB Housing Finance and D-Mart.
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