EQUITY FUND RAISING @ ALL TIME HIGH
Indian
companies raised Rs 1,77,116 crore during 2017-18 through the equity
market route, the highest amount ever raised in a financial year,
says a report. IPOs and QIPs dominated the fund mobilisation route in
2017-18, the report by PRIME Database said. "2017-18
witnessed raising of Rs 1,77,116 crore through the public equity
markets, 3.46 times that was raised in the preceding year," said
Pranav Haldea, Managing Director, PRIME Database. During 2016-17, Rs
51,120 crore was raised through equity market route. The previous
highest amount raised through equity market was Rs 86,710 crore in
2009-10, the report said. Haldea said 2017-18 was the best year ever
for initial public offer (IPO) market by far, the previous high being
in 2007-08 when Rs 41,323 crore was raised. The report further said
45 mainboard IPOs came to the market collectively raising Rs 82,109
crore. The overall response from the public to the mainboard IPOs of
the year was also very good, it said, adding 17 …
