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Economic Survey 2022: Fundraising from IPOs hit decade high in first eight months of FY22

The survey noted that 75 companies raised Rs 89,066 crore from the primary market through initial public offerings in April-November as against Rs 14,733 crore in the same period in 2020.

Mumbai / January 31, 2022 / 01:57 PM IST

Fundraise by companies from initial public offerings hit the highest level in a decade in the first eight months of the current financial year, said the Economic Survey for 2021-22.

The survey, released on January 31, noted that 75 companies raised Rs 89,066 crore from the primary market through initial public offerings in April-November as against Rs 14,733 crore in the same period in 2020.

“The money raised by IPOs has been greater than what has been raised in any year in the last decade by a large margin,” the Economic Survey said.

The survey quoting data from the Securities and Exchange Board of India showed that eight IPOs were subscribed more than 100 times in 2021, while 11 IPOs were subscribed between 50 and 100 times in the same period.