IPO Market Buzzing - Chart Of The Day 2 June 2017 - Equitymaster
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IPO Market Buzzing
Jun 2, 2017


The IPO market has been on a firm uptrend since FY15. In FY17, the amount of money raised through 25 IPOs nearly doubled to Rs 282 billion. The IPOs were well received, with a majority (15 of them) getting oversubscribed by over 10 times.

A striking feature of the IPOs that hit the market during the fiscal was that a large chunk of Rs 109.5 billion or 39% of the total amount constituted offers for sale by promoters. Offers for sale by PE and venture capital investors at Rs 42.4 billion made up 15% of the total IPO amount. This means that a little more than 45% of the funds raised through IPO were meant for deployment in the business.

After a bumper year in FY17, abundant liquidity has fueled expectations that fund raising through IPOs would remain robust in FY18. And may even surpass the amount raised in FY17. The fiscal started with 26 offerings in the first three months. In fact, India was the most active regional market in the Europe, Middle East, India and Africa (EMEIA) region as per a quarterly report by consultancy firm Ernst and Young.

Data Source: Zeebusiness, Prime Database

This Chart Of The Day was published in The 5 Minute WrapUp - A Thousand IPOs To Make You Rich?

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