Investment bankers (i-bankers) are raking in cash from the initial public offering (IPO) boom. The fees collected so far this year for handling maiden share sales are set to exceed the total collected during the full calendar year of 2023.
So far this year, bankers have earned ₹1,226 crore for handling 45 IPOS, which together mobilised 48,363 crore. In comparison, they collected ₹1,308 crore in 2023 from 57 IPOS that mobilised ₹49,436 crore. This year's tally has received a boost from the recently concluded IPOs of electric scooter maker Ola Electric Mobility and baby products retailer BrainBees Solutions (FirstCry).
SoftBank-backed Ola's 6,146 crore IPO is the top fee generator of the year, paying ₹145 crore, while FirstCry is the second-largest fee generator, paying ₹96 crore to bankers for handling its 4,194 crore share sale.
This story is from the August 21, 2024 edition of Business Standard.
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This story is from the August 21, 2024 edition of Business Standard.
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