In 2020, 16 companies raised Rs. 31,000 crore raised

Ahmedabad. 24 December 2020, Thursday

The primary market has also been booming since last July, when the market plunged to the bottom in March amid the adverse effects of the Corona epidemic. In the calendar year 2020, 18 companies raised Rs. A fund of Rs 31,000 crore was raised.

After the IPO of SBI Card in the early part of the calendar year 2020, the Indian stock market plunged to the bottom in March following the lockdown that spread the Corona virus in the country. However, earlier in January, the market's main index reached a new record high.

Not a single IPO entered the capital market until three months after March. Rosari Biotech entered the capital market in July with an IPO. Which received a high listing gain with excellent response.

After the success of this IPO, the primary market boomed and one company after another entered the capital market with IPOs. At the end of the year, 12 companies raised Rs. It was successful in raising Rs 21,000 crore.

If we include Yes Bank's FPO in this calculation, then through public issue Rs. More than Rs 2,000 crore was raised. Most of these IPOs received a good response. Last year, 15 companies raised Rs. 15 crore were collected.

According to the primary market study circles, the morale of the primary market improved rapidly even in the midst of adverse weather conditions. In addition, a number of new investors entered the market due to the long lockdown. Due to which the liquidity eased, the current was seen in the primary market.