Post record Rs 1.1 trn FY22 IPO fundraise, next fiscal may set new record

54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said

After a blockbuster financial year 2021-22 (FY22) where 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs), the momentum could well continue in FY23 and the amount raised could surpass the FY22 figure.

According to a note by Prime Database, 54 companies plan to raise a massive Rs 1.4 trillion (including the much awaited LIC IPO) and currently hold market regulator Securities and Exchange Board of India's (Sebi's) approval. Another 43 companies, the note said, are looking to raise about Rs 81,000 crore where Sebi approval is still awaited.