Indian firms raised Rs 2.81 lakh cr in Apr-Dec 2012: eco survey

Funds were raised through debt, equity including IPOs and private placement of debt and equity

Indian companies raised a total of Rs 2.81 lakh crore in fresh capital from equity and debt markets in the April-December period of 2012.

According to the Economic Survey for 2012-13, the pre-Budget annual report card on the state of the economy, the funds raised by Indian companies in the first nine months of the current fiscal was Rs 2,81,667 crore, below Rs 3,09,750 crore raised in the entire fiscal year 2011-12.

In 2010-11, Indian firms raised a total of Rs 2.76 lakh crore, while Rs 2.61 lakh crore were mopped up during 2009-10.

During the April-December period of current fiscal, funds were raised through debt, equity including Initial Public Offers (IPOs) and private placement of debt and equity.

There was no activity in the area of fund-raising through American Depository Receipts (ADR) and Global Depository Receipts (GDR) issues during the period, the Survey said.

A total of about Rs 13,050 crore has been garnered from the equity market during the period under review, which is higher than Rs 12,857 crore raised during 2011-12.

However, there were only 20 IPOs in April-December period of 2012 and the funds raised through public issues totalled about Rs 6,043 crore. In the fiscal 2011-12, 34 firms garnered about Rs 5,904 crore.

The average size of initial share sale offers by Indian companies rose to Rs 302 crore in April-December period of 2012, as against to Rs 174 crore in previous fiscal.

The amount of capital mobilised through private placement was at Rs 2.63 lakh crore as compared to Rs 2.61 lakh crore in 2011-12.

Further, about Rs 4,974 crore was raked in through public issues in debt category as against Rs 35,611 crore in 2011-12.