Home / Markets / IPO / IPO issuances in first half of FY24 hit 16-year high, raise Rs 26,272 crore

IPO issuances in first half of FY24 hit 16-year high, raise Rs 26,272 crore

Rally in small and midcap funds leads to a spurt in activity

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3 min read Last Updated : Sep 29 2023 | 10:56 PM IST

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The number of initial public offerings (IPOs) launched during the first half of 2023-24 (H1FY24) was the highest since 2007-08. As many as 31 mainboard IPOs raised a cumulative Rs 26,272 crore in this period, according to Prime Database. During the April-September 2007 bull run, 48 IPOs totalling Rs 21,243 crore were launched.

The number of deals in H1FY24 was 2.2 times that of the same period of the last fiscal year, but the amount raised was 26 per cent lower. In H1FY23, IPOs worth Rs 35,456 crore were launched, with LIC’s Rs 21,000 crore offer boosting the tally.

H1FY24

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