IPO fundraising crosses Rs 10,000-crore mark in first 6 months of 2017

Historically, it is only the third time funds raised through IPOs has crossed the Rs 10k-crore mark

The primary markets are going through a buoyant phase, with fundraising through initial public offers (IPO) of equity having crossed Rs 10,000 crore in the first six months of the year, only the third time ever. During January-June, around a dozen firms, including two issues which are set to launch, raised Rs 11,783 crore through IPOs, show data provided by Prime Database.
 
In 2007, first year for IPO fundraising, 54 offerings mopped up Rs 20,833 crore in the first half of the year. The momentum continued into the next year, with 30 IPOs raising Rs 16,441 crore. In terms