IBEF: December 24, 2021
According to a survey by Prime Database, the Indian IPO market is unstoppable, with 63 firms generating about Rs.1.2 lakh crore (US$ 15.4 billion) through initial share sales so far in 2021, powered by a host of new-age tech companies.
According to an EY IPO trends research, strong retail engagement has aided the primary share sale market, with Initial public offering (IPO) activity increasing by 156% year-on-year and 314% in terms of deal volumes and proceeds.
In India, there is a robust pipeline of IPOs scheduled for 2022. In the fourth quarter of 2021, more than 15 firms filed draught red-herring prospectuses (DRHPs), with plans to complete their initial public offerings (IPOs) in the first half of 2022.
Key highlights of the EY IPO trends report
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.