Corporates raise about 10 times more funds via IPO in FY 2015-16

Mumbai, March 30 (IANS) Corporates have raised about 10 times more funds at Rs.14,508.11 crore via Initial Public Offer (IPO) in the financial year 2015-16 compared to FY 2014-15, with 22 firms making their debut on the exchange platforms, the National Stock Exchange (NSE) said.

“In spite of volatile secondary market, fund raised through IPO issuances in FY 2015-16 have witnessed an increase of more than 10 times of FY 2014-15. Last year, total money raised was Rs.1,418.21 crore,” NSE said in a release.

Among the listed entities, infrastructure companies dominate the chart with about 33 percent of the entities representing the sector.

“As many as 21 out of 22 entities were oversubscribed during the current FY, while 15 reported listing gain. Apparently, most of the offerings were from corporates who had sizable private equity fund in their holding structures,” it said.

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