It is not just the secondary market that is setting new records, the primary market is also buzzing with energy.
The three initial public offerings (IPOs) closing this week will mark the best first half for the primary markets in 17 years.
During the first half, 37 companies from diverse sectors like co-working space, furniture retailing, and online ticket booking-have been able to tap the market to raise almost 32,000 crore, according to data provided by PRIME Database. In 2007 - the peak of the bull market 54 companies had raised ₹20,833 crore.
In terms of the quantum of funds raised, this year's tally is the second-best ever after 2022 when 16 firms raised 40,311 crore, led by the biggest-ever IPO of state-owned Life Insurance Corporation of India (LIC).
― If one excludes the amount raised by the LIC IPO, this year is the best for the IPO market in terms of the number of issues as well as the amount raised.
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