look news india
As the current financial year 2023-24 is about to end, a total of 75 mainboard IPOs have hit the market this year. This number of IPOs is the highest in the last 16 years. Before this, the highest number of IPOs had come in the year 2007-08. 75 companies that launched IPOs in the current financial year have collectively raised a total of Rs. The funds amount to Rs 61,791 crore, compared to the amount raised by 37 IPOs in FY 2022-23. The fund of Rs 52,116 crore is 18.6 percent more.
The highest number of IPOs came in September in the current financial year and a total of 14 IPOs raised Rs. The collection was Rs 11,893 crore, which is the highest figure for any month of the current year. Not a single IPO came into the market in May this year.