The domestic primary market may witness 150 to 175 public issues, both initial public offerings (IPOs) and follow-on public offerings (FPOs), mobilising around Rs 75,000 crore in the calendar year (CY) 2008, Prithvi Haldea of Prime Database said.

Haldea, in a statement, said, ?Backed by a buoyant secondary market and handsome post-listing gains on almost all IPOs in the last two years, 2008 may turn out to be a record year for public issues.?

Of the Rs 75,000 crore to be raised in CY08, about Rs 60,000 crore would be through IPOs and the balance Rs 15,000 crore is estimated through FPOs, Haldea said.

He said this will be the highest-ever amount to be mobilised in a year as against the previous highest of Rs 45,176 crore in 2007. The year 2006 had ended with a mobilisation of Rs 24,679 crore.

If the 70 documents filed presently with Sebi were to materialise, it would result in a mobilisation of over Rs 35,000 crore, with the complete year still ahead. ?The pipeline is presently Rs 1,90,000 crore strong,? he said.

According to Prime, the market is likely to witness several super mega issues, starting off with the Rs 10,125 crore offer of Reliance Power. Other mega issues expected are from Emaar MFG, UTI AMC, Sterlite Energy, JSW Energy and Oil India.

The rally would not be concentrated to one or two industry sectors but would be across-the-board though dominated by power, real estate and financial services, Prime added.

Another major sector would be the real estate and construction industry. Already, there are issues lined up from IRB infrastructure, J.Kumar Infra-projects, KNR Constructions and SVEC Constructions (having already received Sebi approval) with Emaar MGF, Gammon Infrastructure, Infinity Infotech Parks, M.S.Khurana Engineering, Man Infraconstruction, NKG Infrastructure, Prince Foundations, Ramky Infrastructure, Rithwik Projects, RNS Infrastructure, Vascon Engineers and Vijai Infrastructure having already filed their offer documents with Sebi.

Then there are several banks in the queue mainly with FPOs which include Canara Bank, Syndicate Bank, UCO Bank and United Bank. In the financial services sector also, several firms are expected to hit the IPO market including Anand Rathi, Angel Broking, BLB, Global Trade Finance, Microsec and UTI AMC, Prime said.