FY20 sees 62% spike in equity fundraising, over Rs 20k cr raised by IPOs

Coronavirus cloud looms over Rs 33,556-crore IPO pipeline

Financial year 2019-2020 (FY20) saw a 62 per cent jump in equity fundraising, with Rs 20,350 crore of funds raised by initial public offerings (IPOs) and Rs 51,216 crore of funds raised by already listed companies through the qualified institutional placement (QIP) route. On Wednesday, PRIME Database released the data on primary market activity in FY20, while also pointing out that the IPO activity is expected to see sharp slowdown amid coronavirus outbreak.

As many as 26 companies — with approval from the Securities and Exchange Board of India (Sebi) — are looking to raise nearly Rs 26,056 crore from