The primary markets are going through a buoyant phase, with fundraising through initial public offers (IPO) of equity having crossed Rs 10,000 crore in the first six months of the year, only the third time ever. During January-June, around a dozen firms, including two issues which are set to launch, raised Rs 11,783 crore through IPOs, show data provided by Prime Database.
In 2007, first year for IPO fundraising, 54 offerings mopped up Rs 20,833 crore in the first half of the year. The momentum continued into the next year, with 30 IPOs raising Rs 16,441 crore. In terms of average deal size, 2017 is the best year so far with average IPO size of Rs 906 crore.
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