India could see a record equity supply of Rs 2-3 trn in FY22: Jefferies

Over the past decade, the contribution of IPOs to equity fund-raising at around 27 per cent has been muted, Jefferies said

Indian equity markets that are trading near all-time high levels could see a record Rs 2 – 3 trillion ($30 – 40 billion) equity supply in fiscal 2021-22 (FY22) with 40 per cent of this being raised via initial public offers (IPOs), though the actual quantum of the corporate equity paper supply would depend on institutional flows and may bring in new investors, suggests a note from Jefferies.

“Maturing of India's internet space, government's disinvestment program and traditionally large financial issuers will likely dominate but at around 1 per cent of market-cap, the supply is within limits. Our analysis suggests