Companies raise Rs. 4,950 cr via IPO in H1FY16

At present, 19 companies planning to raise Rs. 11,545 crore are holding SEBI approval and another 17 companies intending to raise Rs. 6,795 crore have filed with SEBI and are awaiting approval, Pranav Haldea, Managing Director of Prime Database has been quoted as saying.

Oct 13, 2015 02:10 IST India Infoline News Service

IPO
Indian companies have raised  Rs. 4,950 crore through the initial public offerings (IPO) in the first half of the current fiscal year, according to Prime Database.

In the first half of FY15, domestic companies had raised  Rs. 1,017 crore through IPOs.

What's more, fund-raising through IPO is expected to gain traction going ahead, as more than 30 companies have filed draft papers with market regulator the Securities & Exchange Board of India (SEBI).

At present, 19 companies planning to raise Rs. 11,545 crore are holding SEBI approval and another 17 companies intending to raise Rs. 6,795 crore have filed with SEBI and are awaiting approval, Pranav Haldea, Managing Director of Prime Database has been quoted as saying.

Meanwhile, Indian companies raised an additional Rs. 12,916 crore in the first six months of FY16 through the offer-for-sale (OFS) route due to the Government's disinvestment programme.

This is the best first half for the primary market since FY08, when INR 31,831 crore was raised.




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