Primary market revival is still some time away, say analysts

Inflation trajectory and the actions of global central banks, especially the US Fed will be keenly watched by market participants. In this backdrop, primary markets will remain in wait and watch mode

It has been a slow 2022 thus far for the primary markets. In the last 8 months, only 16 companies have raised Rs 40,311 crore via the initial public offer (IPO) route, data from PRIME Database suggests. In comparison, 63 companies had raised a cumulative Rs 1.18 trillion via the IPO route in 2021. 

A large part of the funds raised in 2022 were on account of the two IPOs – Life Insurance Corporation of India (LIC) and logistics firm Delhivery – that raised a total of over Rs 26,000 crore between themselves. 

“There has been a lull in the