New Delhi. Bull run continues in the Indian stock market. In this bull run, there is a tremendous bullish atmosphere in the IPO market as well. Companies are bringing IPOs in record numbers. At the same time, records are breaking on record in fundraising. Indian companies have raised $9.7 billion from IPO in the first nine months of the current calendar year, January-September. This is the highest figure in two decades for a period of nine months. This information has been given in a report.
According to the report of the consulting sector-major EY (E&Y), a total of 72 IPOs came into the Indian market during January-September. During this period, the sentiment of domestic as well as global markets remained very strong.
The report of 72 IPOs in nine months said that the global IPO market has been very strong till the third quarter of 2021. This achieved the highest figure in the last 20 years in terms of number and amount of deals. In India, companies raised $9.7 billion through 72 IPOs in the first nine months of 2021."This is the highest figure in the last 20 years."
In 2018, 130 IPOs came in the first nine months, before in 2018, 130 IPOs came in India in the first nine months of the year. In the quarter ended September 2021, Indian companies raised more than $5 billion through 31 IPOs.Of these, eight IPOs were related to various industrial products and five were from the IT sector.
The report said, "In the third quarter, the highest amount of money was raised from IPOs in these sectors. The three biggest IPOs by amount were Zomato, Nuvoco Vistas Corp, and Chemplast Sanmar.
Further bullish expect emerging market EY, technology, media, and telecommunications leader Prashant Singhal said that the IPO is significantly faster in the market."This was the most active quarter in terms of IPOs since the fourth quarter of 2017."
"The outlook for the next quarters is positive. Many new economy and technology-based IPOs are expected to come up during this period. The stock markets are at their all-time highs, which is encouraging the primary market.