Companies would rather hold cash to fund working capital requirements or potential acquisition opportunities.
Power, commodities, IT, pharma & chemicals are expected to do well over the next few years, advise market experts.
Reliance Industries, HDFC, ICICI Bank, Godrej Properties, Dixon Technologies and HDFC Bank were among the companies which saw the highest buying by FPIs in the previous quarter.
Of the total amount of Rs 1,88,900 crore, the fresh capital amount was Rs 1,36,992 crore (73 percent), the remaining Rs 51,908 crore was through offers for sale, data from PRIME Database shows.
A high pledge is not considered a good sign by the investors as a downturn in the market price can lead to invocation and change in management.
Spend on eradication of hunger and poverty, healthcare and sanitation fell by 18.6 percent, as compared to FY16
The amount raised from mainboard IPO’s almost doubled in the financial year 2017 to Rs 28,211 crore, compared with Rs 14,500 crore raised in the FY16, and Rs 2,770 crore raised in FY15.
rithvi Haldea, Chairman, Prime Database and Deena Mehta, MD, Asit C Mehta Investments are very upbeat on the NSE IPO. Haldea says 2016 was a good year for IPOs and 2017 looks even more promising.
As on end of September quarter, the total value of mutual fund equity portfolio in listed firms stood at Rs. 4.94 lakh crore as against Rs.4.75 lakh crore held by LIC, shows a data collated by PRIME Database.
As per a survey by Grant Thornton India in association with Prime Database, 82 percent of companies in India are yet to start planning or only have an informal plan agreed with the board of directors to meet the requirement of mandatory firm rotation (MFR).
According to a report by Prime Database, 15 buyback offers were concluded last fiscal with a total acquired sum of Rs 1,713 crore, while the amount on offer was Rs 1,763 crore.
"This decrease can be attributed primarily to the base effect as 2014-15 had one mega offer of Rs 11,449 crore from Relay BV for United Spirits," Prime Database Managing Director Pranav Haldea said.
These funds have been raised mainly for business expansion plans and to meet working capital requirements.
The Securities and Exchange Board of India (SEBI) last year imposed a quota of at least one female director on the board of every listed firm, and warned of "very serious" consequences if the thousands of companies did not comply by an April 1 deadline.
The maximum amount of money which a bank raises, goes directly into the power and housing sectors, Prithvi Haldea, Chairman, Prime Database told CNBC-TV18.
The walk down Dalal Street has become more interesting and profitable over the last one year and mutual fund equity schemes, it seems, have become the preferred mode of investment.
Sebi's March 31 deadline for listed companies to induct at least one woman director on their boards has passed by, without full compliance. Research firm Prime Database says that over 15 percent of India‘s listed companies are yet to toe the market regulator's line and most of these are public sector units, reports CNBC-TV18‘s Kritika Saxena.
Going by information gathered by Prime Database, a total of 180 NSE-listed companies have not appointed a woman director on their respective boards within the due date.
2014-15 witnessed a raising of Rs 58,801 crore through public equity markets, double of the Rs 29,381 crore that was raised in the preceding financial year," according to Prime Database.
Future Retail, Zee Media Corp, GMR Infrastructure, CanFin Homes, Wintac and Polson are among the firms that plan to raise funds by issuing equity shares to existing shareholders.
Saving grace came in the form of the 33 QIPs this calendar year, which saw Rs 31,684 crore being raised from institutional investors, the highest in 5 years, accounting for 81 percent of the total amount mobilized this year, says Pranav Haldea, managing director, PRIME Database.
A total of Rs 51,422 crore was raised by private sector companies from debt on a private placement basis during April-September period of 2013-14, according to latest report by Prime Database.
"Given that nothing has been done on divestment front, I will be surprised if government achieves FY15 divestment target," says Prithvi Haldea, MD, Prime Database.
Market experts are of the view that remaining part of the ongoing financial year is likely to see more action on the 'rights' front. In a rights issue, shares are issued by companies to the existing investors as per their holding at a pre-determined price and ratio.
In the first six months of 2014-15, funds were garnered through as many as 20 issuance (19 QIPs and 1 IPP) as compared to 13 (3 QIPs and 10 IPPs) in the April-September period of the preceding fiscal.