Fundraise via IPOs to hit Rs 1 trillion mark in FY25: Report

The optimism as regards the higher mop-up via the IPO route in FY25, the note said, is mainly on account of buoyancy in the secondary markets

Fundraising via the initial public offering (IPO) route by companies may touch Rs 1 trillion in financial year 2024-25 (FY25), according to a recent note by Pantomath Group — a mid-market investment bank.

During the financial year 2023-24 (FY24), 76 companies tapped the markets through mainboard IPOs, Pantomath said, raising nearly Rs 62,862 crore. This is a 21 per cent rise compared to FY23, the note added.

The average first-day gains for stocks of companies that debuted on the exchanges in the last financial year stood at 28 per cent.

Meanwhile, over 70 per cent or 55 stocks are still trading above their issue