IPO Mania: India Inc may raise Rs 35-40k cr in FY18; NSE, GoAir, SBI Life eyed

The bull-run has just begun which could fuel a lot of fundraising by India Inc. India’s primary market could well see Rs 35,000-Rs 40,000 crore being mopped up from the primary market in the financial year 2018, say experts.

 

The prerequisite of massive fundraising from the primary market is always dependent on the health of the secondary market. In the financial year 2017, bulls charged on the D-Street and took the index to record highs which fuelled a lot of activity in primary markets.Riding on the bullish sentiments, 25 main-board IPOs hit D-Street collectively raised nearly Rs 29,000 crore in the financial year ended 2017, compared to 24 IPOs which raised Rs. 14,500 crore in FY16.

 

The benchmark indices hit a fresh record high in the financial year 2017. The Nifty50 rallied over 16 % in the same period and the S&P BSE Sensex reclaimed mount 29,000.The financial year 2016-17 witnessed a raising of Rs 51,288 crore through the public equity markets, 5 % higher than Rs 48,991 crore that was raised in the preceding year, said a PRIME Database report. The year, of course, fell short of Rs.86,710 crore, the highest amount that has ever been raised in 2009-10.

 

The government raised Rs. 40,997 crore which was 90 % of the revised targeted amount of Rs. 45,500 crore and 73 % of the original target of Rs. 56,500 crore for the year in the same period.

For read more click here bit.ly/2nbqhuF or give just give a Missedcall @7879881122.