Western India no longer biggest destination for equity fundraising

South and North gain ground, with their share going up to 20-30% from 13-14% in March 2019

A little more than two out of every three rupees raised in equity capital went to companies in Maharashtra, Gujarat, and other parts of western India before the pandemic. This share has now dropped below 50 per cent. 

The western region accounted for 68 per cent of the amount raised through equity issues as of March 2019, shows a Business Standard analysis of regulatory data. This has dropped to 44 per cent as of June 2025. The analysis considered amo­unts raised on a rolling five-year basis to even out the effect of large issues. Meanwhile, the share of the South