Fund-raising via IPOs at record Rs 1.19 trn in 2021, says report

IPOs from new-age tech start-ups, strong retail participation, and huge listing gains were the key drivers that fuelled the IPO boom

Sixty-three companies raised Rs 1.19 trillion through initial public offerings (IPOs) in calendar year 2021 — a record for any year.

This is nearly 4.5x the Rs 26,613 crore raised through 15 IPOs in 2020 and almost double the previous best of Rs 68,827 crore raised in 2017, according to PRIME Database. 

Overall, public equity fundraising —  that includes qualified institutional placements, follow-on offerings, as well as infrastructure investment trusts/real estate investment trusts — stood at Rs 2.02 trillion — higher than the previous high of Rs 1.76 trillion in the preceding year.

“IPOs from new-age loss-making technology (tech) start-ups, strong retail participation,