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

Capital mobilization through the Initial Public Offer (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. Investment bankers say the next financial year (starting April 1) could be even better, with big-ticket offerings like the National Stock Exchange, IPOs of state-owned General Insurance Co and of other public sector undertakings (PSUs) such as Cochin Shipyard.

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