Fund raising via IPO surges 3-fold to Rs 17,317 cr in H1 FY17

Indian companies raised Rs 17,317 crore through initial public offerings in the first half of current fiscal, a surge of more than three times from the year-ago level, Parliament was informed today.
A large chunk (Rs 13,127 crore) of the IPO capital was raised through offer-for-sale, while Rs 4,190 crore was garnered via fresh issuance of shares, Minister of State for Finance Arjun Ram Meghwal said in a written reply to the Rajya Sabha.
During April-September 2016, as many as 57 firms raised a total of Rs 17,317 crore through initial public offers (IPOs), higher than Rs 4,904 crore mopped-up by 39 companies in the year-ago period.

Of these 57 IPOs, 42 were by small and medium enterprises (SMEs). Out of the major initial share-sale plans, five issues were of a size exceeding Rs 1,000 crore.
The public issue of ICICI Prudential Life Insurance Company was the biggest. It raked in Rs 6,057 crore.
Other major IPOs include, Equitas Holdings' public offer of Rs 2,177 crore, Larsen & Toubro Infotech (Rs 1,236 crore), RBL Bank (Rs 1,213 crore) and Mahanagar Gas (Rs 1,039 crore).