The quantum of funds raised by India Inc through initial public offers (IPOs) and rights issues was up over two-fold at Rs 3,865.7 crore in August, over that in July this year, a report from the Securities and Exchange Board of India (Sebi) said today.
"During August 2011, Rs 3,865.7 crore was mobilised in the primary market through 11 issues as compared to Rs 1,446.9 crore mobilised through five issues in July 2011, showing an increase of 167.2% over the month," said the issue of 'Capital Market Review' by the market regulator.
Of the 11 issues in August, four were debt public issues, while there were IPOs and three rights issues.
Corporates had raised a total of Rs 1,446.9 crore through three IPOs and two rights issues in July.
The regulator also said that one listed firm raised capital worth Rs 8 crore through Qualified Institutional Placement (QIPs) in August.
In the previous month, there were two QIPs which together had raised Rs 356 crore.
The number of preferential allotments also witnessed a decline in August, 2011, with 29 such allotments raising a total of Rs 688 crore.
In contrast, in July, a total of 38 preferential allotments were executed in the primary market, raising a total of Rs 2,287 crore.
In August, the stock market had seen a bit of downslide, with the benchmark Sensex losing over 10% during the month.
