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Fund raising via IPOs in first half of 2019 at four-year low

Analysts attribute the tepid H1CY19 to the overall market sentiment, especially the mid-and small-cap segment that underperformed the frontline benchmarks

Fund raising via IPOs in first half of 2019 at four-year low
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Deepak KorgaonkarPuneet Wadhwa Mumbai & New Delhi
Volatile equity market saw the fund mobilisation, during the first half of the calendar year 2019 (H1CY19) via the initial public offer (IPO) route, hit a four year low. 

In H1CY19, eight companies, including the recent offering by IndiaMART Intermesh, raised a cumulative Rs 5,509 crore through IPOs. This is the lowest amount raised in the last four years, the last low being in 2015, when an equal number of companies had raised Rs 3,849 crore via the IPO route. On a corresponding period basis, as many as 18 companies had mobilised Rs 23,452 crore from the primarily market.

Analysts attribute

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First Published: Jun 27 2019 | 10:01 AM IST

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