IPO filings halve in FY23 as outlook for new share sales worsens

Industry players said the IPO market has taken a turn for the worse after a blockbuster FY22 amid fall in valuations

Sundar Sethuraman | Mumbai
Last Updated at March 15, 2023 22:46 IST

The filing of offer documents with the capital markets regulator — Securities and Exchange Board of India — has more than halved this financial year (2022-23, or FY23) as the outlook for new share sales has worsened, following correction in the secondary market.

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