Rs 62,000 crore was raised from IPO in the last financial year.
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Pantomath Financial Services Group said in its report that this momentum is expected to continue in the financial year 2024-25 also and it could be another great year for IPOs. The report said that this confidence is due to increase in domestic capital, better governance practices, increasing entrepreneurship and favorable attitude towards foreign direct investment.
New Delhi. In the last financial year 2023-24, 76 companies have raised about Rs 62,000 crore through initial public offering (IPO). This amount is 19 percent more than the previous financial year. The IPO market was bullish due to the rise in stock markets, strong participation from retail investors and strong investment from institutional investors.
Pantomath Financial Services Group said in its report that this momentum is expected to continue in the financial year 2024-25 also and it could be another great year for IPOs. The report said this confidence is due to increase in domestic capital, better governance practices, increasing entrepreneurship and favorable attitude towards foreign direct investment (FDI).
Pantomath Financial estimated that Rs 1 lakh crore can be raised through IPO in the current financial year. Mahavir Lunawat, managing director of Pantomath Capital Advisors, said that if the Indian market is not affected by any global crisis, this figure could increase further.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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