AFTER A SLOW start to the financial year, initial public offerings (IPOS) got a boost in September with 12,000 crore raised through the route.
The first half of the financial year saw over 26,000 crore being raised, with almost 50% of the total raised in September alone, according to data from PRIME database.
However, the funds raised via IPO in H1FY24 were substantially lower than the 36,000 crore raised in the first half of FY23.
Experts say that conducive market conditions as well as confidence reinstated after a good firstquarter earnings season spurred the IPO market.
However, there were two marquee offerings of Life Insurance Corporation of India (21,008 crore) and Delhivery (₹5,235 crore) during the period.
This story is from the October 02, 2023 edition of Financial Express Mumbai.
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This story is from the October 02, 2023 edition of Financial Express Mumbai.
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