Sandeep Bhardwaj, CEO, Retail at IIFL Securities, said the IPO pipeline remains strong with 28 companies holding markets regulator Sebi’s approval for raising nearly ₹28,710 crore through initial share-sale going forward. Moreover, companies, including LIC, HDB Financial Services, NCDEX, ESAF Small Finance Bank, are expected to come out with their IPOs in 2021-22, said Rajendra Naik, MD, Investment Banking, Centrum Capital.
According to an analysis of data available with the stock exchanges, 30 firms raised ₹31,277 crore through IPOs in 2020-21, significantly higher than ₹20,352 crore mopped up through 13 initial share-sales in the preceding fiscal year. Prior to that, 14 companies had floated IPOs in 2018-19 to raise ₹14,719 crore and 45 main-board IPOs during 2017-18 collectively raised ₹82,109 crore.
