 "India Inc fund-raising drive")
The uncertainty in the secondary markets is likely to cast a shadow on the primary market activity as well over the next few months, said analysts, who believe India Inc will either delay listing or alter its fundraising plans. Thus far in calendar year 2022 (CY22), initial public offers (IPOs) of 16 companies have hit the Street and have raised a total of Rs 40,311 crore till May 2022, Prime Database data show.
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“Unless absolutely necessary, promoters will defer their fund raising requirements for the time being as debt is getting more expensive and their equity will not fetch them the price it would have
