Investment bankers net record fees at Rs 1,013 crore as IPOs zoom in 2021

A flood of initial public offerings (IPOs) has helped investment bankers pocket record fees in 2021. The fees earned from IPOs so far this year stand at $137.7 million, or Rs 1,013 crore, the data from Refinitiv shows.

The year 2021 has already witnessed the launch of new offerings worth more than Rs 62,600 crore, the highest after 2017. That year had seen the second-highest fee mop-up of Rs 866 crore.

Since the beginning of 2020, i-bankers have collected nearly Rs 1,800 crore by way of IPO fees. Interestingly, the India fees this year form just 1 per cent of