India Inc. Raises Record $9.7 Billion via IPOs in 9M2021

The primary capital market has been experiencing an outstanding year, with 43 mainboard companies launching public issues so far. These initial public offerings have raised an amount of about $9.7 billion in a period of nine months.

Considering the time frame, this record-setting amount is the highest ever in the past 20 years. In native currency, this amount translates to Rs. 78520 crores.

Let’s take a closer look at the details of the matter.

A Detailed Look at the Main Board IPOs

In the third quarter of 2021 (July-September), Zomato took the first spot by raising Rs. 9375 crores via its initial public offering. This amount is also the highest one in the current calendar year.

Nuvoco Vistas Corporation took the second spot by raising a fund of Rs. 5000 crores, followed by Chemplast Sanmar with Rs. 3850 crores.

Here is a list of the business entities and the funds they raised so far.

Know about the SME IPOs

Another 43 firms issued their initial public offers in the SME segment between January 2021 and September 2021. Their public offering raised an accumulated amount of around Rs. 551 crores.

Here is a list of the SME business entities and their IPO size till date.

Bottom Line

In the secondary market, Nifty and Sensex have hit record highs because of this IPO frenzy. Both Nifty50 and Sensex have surpassed 18000 and 60000 levels, respectively in recent times.

Experts have analysed this data and are positive on the IPO market since this phenomenon might attract even more investors.

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