Retail IPO applications down by over 50% in H1FY23, shows data

Firms raised a total of Rs 36,535 cr in the period, 30.2% less than Rs 52,325 cr last yr

Initial public offerings (IPO) have attracted less retail attention than before amid increased market volatility.  

There were 757,000 applications for the average IPO in the first six months of the 2022-23 financial year (FY23), according to data compiled by tracker Prime Database. This is 51.3 per cent lower than the 1.6 million average applications seen during the first half (H1) of FY22.

A retail investor is one who bids for not more than Rs 200,000 worth of shares in an IPO.

Companies raised a total of Rs 36,535 crore through IPOs in HIFY23. This is a 30.2 per cent drop