Forty Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilised by 63 IPOs in 2021, according to PRIME Database, India's premier database on the primary capital market.
According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35 per cent of the amount raised in 2022 was by LIC alone.
Overall public equity fundraising also dropped by 55 per cent to Rs 90,995 cro...
IPO fundraising in India halves in 2022