Samvat 2078: Record-breaking year for IPOs but outlook turns cloudy

The top five issues accounted for nearly two-thirds of the IPO fund raise

Samvat 2078 proved to be a record-breaking year as far as fundraising through an initial public offering (IPO) is concerned. Despite the turmoil in the secondary market, the year witnessed two of India’s largest IPOs.

40 companies raised a record Rs 88,474 crore through IPOs in Samvat 2078, surpassing lasts year's numbers. Previously, Samvat 2077 held the record for highest-ever IPO mobilisation at Rs 81,655 crore by 47 companies.

 A combination of strong participation from local investors and global liquidity aided the robust fund-raising since Samvat 2077. However, with overseas liquidity drying amid aggressive monetary action by the US central