Fundraising jumps 116% to Rs 1.78 lakh cr in 2020 via equity issues
Fundraising jumps 116% to Rs 1.78 lakh cr in 2020 via equity issues : According to a report, the devastating pandemic failed to dampen the primary and secondary capital market issues with the year closing with the highest ever fund raising from the equity markets, that grew at 116 per cent to Rs 1.78 lakh crore in IPOs, OFS and other market issuances. This was 116 per cent higher than Rs 82,241 crore was raised in 2019, according to Pranav Haldea, managing director at Prime Database. The previous highest amount raised in a calendar year was Rs 1, 60,032 crore in 2017. Strong retail participation in IPOs, huge listing gains and highest-ever amount raised through QIPs and InvITs/REITs were the key highlights of the year, he said. While IPOs fetched Rs 26,770 crore, which was 40 per cent higher than collected in 2019, FPOs netted Rs 15,024 crore, followed by OFS (offer for sale) at Rs 21,458 crore and REITs/InvITs/QIPs at Rs 84,501 crore, shows the report. Of the last c...