New record for raising funds through IPO after 13 years

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AHMEDABAD: Indian stock markets set new highs during the first half of 2021 on various favorable factors. On the other hand, it has set a new record by breaking the 18-year-old record of raising funds through IPOs during this time. Meanwhile, the BSE IPO index Indra Day jumped 3 per cent to a new high of 1,901 today, with stocks listed on the Bombay Stock Exchange rising 11 per cent today.

Despite the adverse effects of the epidemic, the stock market set a new record in the year 2021. The dry primary market was also throbbing and with one new IPO after another, the primary market i.e. the IPO market has set a new record.

In the first six months of 2021, Indian companies raised ૯ 4.5 billion through IPOs. Which is three times more than the same period of last 2020. This is the first time since 2005 that such a large fund has been raised by companies in 120 days. The important thing is that this amount is three times more than the amount collected through IPO during the entire year 2016.

The revival of stock market morale and the reactivation of retail investors have also directly benefited the primary market. Many IPOs have been flooded on a large scale. Investors, on the other hand, have also benefited greatly from listing gains.

The epidemic led to an increase in volatility in the stock market in April and May, as well as a cooling of the primary market. The proportion of new IPOs also declined during this time.

However, with the pandemic easing since June, the stock market has been moving and the primary market has been booming. As a result, the BSE IPO index has risen 15 per cent in the last one month. The Sensex had gained marginally by 0.5 per cent during the period.

The IPO index has risen on the back of a tumultuous rise in stocks listed on the stock exchange recently. Happy Mind 3% in last one month, MTAR Techno. Stove Craft, T-Mobile, Angel Broking, Lakshmi Organic and Glend Pharma are up 30 to 40 per cent.

Newly listed stocks, including Happy Mind, MTAR Technology and Kamp, rose 5 to 11 per cent today, hitting a new high of 120.9 per cent intra-day.


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