IPO fundraising halves to Rs 59,412 cr in 2022 despite LIC's mega offer

If one were to remove the state-owned insurer's Rs 21,008 crore offer, the figure would come to a third of the amount raised in 2021

Fundraising via initial public offers (IPO) halved in 2022 to Rs 59,412 crore from Rs 1.18 trillion the previous year. If one were to removestate-owned Life Insurance Corporation's Rs 21,008 crore offer, the amount would come to a third of that raised in 2021. The top five issues accounted for 60 per cent of the total fundraising. The turmoil in the markets has been cited as the reason for the dip in the IPO market. Although Indian equities have been an outperformer in 2022, the year was characterised by sharp volatility. A combination of strong participation from local investors and