IPO fundraising more than doubles to Rs 45,000 crore in 2020: KIB

Strong markets led to a 2.25 times jump in the initial public offerings in 2020 to Rs 45,000 crore, and a strong pipeline of issuances may help the figure to exceed Rs 50,000 crore next year, a leading merchant bank said on Monday.
 

The companies had raised Rs 20,300 crore through IPO route in 2019.
 

Kotak Investment Banking (KIB) said the amount may exceed Rs 50,000 crore as well if the government launches life insurance behemoth LIC's IPO next year, its head of equity capital markets V Jayasankar told reporters.
 

A "restructuring" exercise is on at LIC and it will