Market regulator Sebi has nearly doubled its fee income to Rs 397.5 crore during 2007-08, thanks to the equity boom witnessed in the course of the last financial year.
"During 2007-08, the total amount of fees and other charges received was Rs 397.5 crore as against Rs 200.8 crore in 2006-07," says the annual report of Sebi released here today.
The largest amount of Rs 84.9 crore was collected from offer documents and prospectus filed, followed by Rs 65.6 crore as takeover fees and Rs 64.3 crore as fees from derivatives.
During 2006-07, Sebi had collected Rs 52 crore as takeover fees, the largest under any head that year, while the realisation from offer document fees was Rs 34.45 crore.
Equity markets, the Sebi report said: "Witnessed unprecedented buoyancy as well as steep corrections in 2007-08. Towards the end of the year, there was steep correction in the indices on account of concerns over domestic inflation and impending global recession."
The Bombay Stock Exchange Sensex and Nifty appreciated by 19.7 per cent and 23.9 per cent, respectively, on March 31, 2008, the report said, adding "India's stock return was fourth highest in the world".
The annual returns were the highest on the HERMES index of Egypt (56.3 per cent) followed by JCI of Indonesia (33.7 per cent) and IBOV of Brazil (33.1 per cent).
During 2007-08, the report said 124 companies accessed the primary market, for public and rights issues, and raised Rs 87,029 crore as against mopping up Rs 33,508 crore by the same number of companies in the previous year.
Of the total 92 public issues in 2007-08, 85 were initial public offerings (raising Rs 42,595 crore), while seven were follow on public offerings (Rs 11,916 crore).
