Fundraising via IPOs at record high; crosses Rs 40,000 crore mark in CY17

With the initial public offering (IPO) of General Insurance Corporation of India (GIC Re) getting fully-subscribed, fund-raising through the IPO route has hit a record high so far in 2017, crossing Rs 40,000 crore mark.

Thus far in the calendar year 2017 (CY17), 28 companies have collectively mopped up Rs 44,853 crore through IPOs, surpassing its previous high recorded seven year ago. In entire CY10, as many as 64 companies had raised Rs 37,535 crore via IPOs.

Till September 2017, 24 companies had raised Rs 30,853 crore in first nine months of CY17, data from PRIME Database show. In October, four companies