Indian companies raised a record Rs67,147 crore in 2017 through initial public offerings (IPOs), with 36 companies, including India’s biggest insurance companies, going public.
Last year’s fundraising is 89% more than the previous record of Rs37,534 crore reported in 2010, data from primary market tracker Prime Database shows.
Market experts said several factors, including a resilient Indian economy and strong domestic liquidity coming into equities contributed to the buoyant market for IPOs.
