IPO fundraising scales a new high

Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline

Seventeen companies have raised Rs 25,500 crore through their initial public offerings (IPOs) in the first half of FY18 — the highest-ever mobilisation by IPOs in the first half of any financial year, according to data provided by Prime Database. The previous best was in the first half of FY08, when Rs 21,243 crore was raised.
 
According to market players, the momentum would stay as the pipeline of companies waiting to hit the market remains strong.
 
Investment bankers say there could be IPO mobilisation worth over Rs 20,000 crore in the second half of the current financial year.