Funds raised through IPOs slump 82% for last fiscal

Written by Press Trust of India | New Delhi | Updated: Apr 5 2012, 07:07am hrs
Indian companies raised a total of R5,800 crore during the last fiscal 2011-12 through initial public offers (IPOs) a slump of 82% from the previous year.

As per the analysis of data available with the exchanges, a total of 33 Indian firms together raised R5,808 crore via IPO route during the fiscal ended March 31, 2012. In comparison, a total of R33,183 crore worth capital was raked in by 52 firms during the fiscal 2010-11.

Interestingly, NBCC was the single state-owned firm to enter the capital market through IPO route during 2011-12. It raised about R120 crore through its public offer.

Besides, two other public sector firms Power Finance and ONGC raised capital through FPOs during the past fiscal. PFC and ONGC raised R4,660 crore and about R12,000 crore, respectively. Among the major IPOs of the year, L&T Finance raised R1,245 crore, Muthoot Finance garnered R900 crore, Future Ventures India, mopped up R750 crore and commodity bourse MCX raked in R663 crore.