Highest-ever fundraising via IPOs in FY21; FY22 will be tough: Analysts

Retail investors were the key drivers of the momentum seen in the primary markets in FY21. The road in FY22, however, will not be easy as investors are likely to become choosier

Despite the pandemic, fund mobilisation via the primary market route was the highest ever in financial year 2020-21 (FY21) with India Inc raising Rs 1,88,900 crore (Rs 1.88 trillion) through public equity markets as compared to Rs 91,670 crore raised in FY20, suggests a report from Prime Database, a leading provider of capital market database.

The previous highest amount raised in a financial year was Rs 1.75 trillion in 2017-18, the report said. Combined with equity and bonds, the amount raised during FY21 was a staggering Rs 1.99 trillion. Among the lot, the largest IPO was from Gland Pharma for