63 IPO’s raise over Rs 1 lakh crore in 2021

There is an outpouring in the country’s IPO market. One after the other, many companies are bringing their initial public offering ie IPO. This year, 63 companies have raised a record Rs 1,18,704 crore through their IPOs in the primary market.

In the year 2020, 15 companies had raised Rs 26,613 crore from IPO

According to a report by Prime Database, the figure raised from the IPO is 4.5 times more than the previous year. In the year 2020, 15 companies had raised Rs 26,613 crore through IPO. At the same time, almost double the amount has been raised so far this year against Rs 68,827 crore raised from IPO in the year 2017.

Tech start-up companies spearheaded the IPO

Pranav Haldia, managing director of Prime Database Group, said that the IPO boom was led by new-age loss-making technology start-ups. Retail companies also participated enthusiastically in this.

This year, out of the total Rs 2,02,009 crore raised by 63 companies from the market, only 51 per cent i.e. Rs 1,03,621 crore remained fresh capital, the remaining Rs 98,388 crore was raised through old offers of sale (OFS).

This year so far the biggest IPO was of Paytm

Haldia said that the biggest IPO of Rs 18,300 crore so far this year was of Paytm’s parent company One97 Communications. After this, online food delivery company Zomato had an IPO of Rs 9,300 crore. The average IPO issue so far this year stood at Rs 1,884 crore.

Up to 100 times subscription to IPOs of 6 companies

According to the report, out of the IPOs of 59 companies, 36 companies were subscribed ten times, in which the IPOs of 6 companies also got subscription up to 100 times. At the same time, eight IPOs got more than three times subscription while the remaining 15 companies’ IPOs got one to three times subscription.