The IPO will raise a record Rs 1.20 lakh crore this year

Mumbai: Amidst Corona's adversity, the IPO in the primary market will set a new record of raising Rs 1.50 lakh crore this year. There are 30 IPOs worth Rs 2,000 crore in the pipeline

The record for raising funds from the Indian IPO market in 2016 has been broken. So far this year, a total of eight companies have raised Rs 2,31 crore through IPOs. In 2016, nine companies raised a record Rs 4.5 crore.

This is the largest amount raised by companies in any year through an IPO. Companies from Maharashtra, Gujarat and Delhi have been at the forefront in raising funds through IPOs. In 2021, out of 6 companies, 14 were from Maharashtra and 11 from Gujarat. The remaining 6 companies were from across the country.

The last IPO of this month is in the name of Aditya Birla Sunlife. The issue of this mutual fund company will open on September 4 and close on October 1. The BSE Sensex has also set a record this month. For the first time, the Sensex has managed to close above 30,000. In addition, the total market cap is Rs. 3 lakh crore was crossed. The IPO also set a record this month.

The record for most IPO subscriptions has also been broken this month. Paras Defense, which has come out to raise Rs 150 crore, received 205 times the response last week.

According to a document submitted to SEBI, the companies are expected to raise large capital in the next two months, i.e. in October-November, through an initial public offering (IPO). During this period, at least 20 companies can raise a total of over Rs 5,000 crore by selling stakes or selling new shares.