Like retail investors, even mutual funds have made most of the IPO flood during the last year. According to a report by Ventura Securities, 36 companies raised Rs 43,000 crore through IPOs from June 1 2020 to June 31 2021. Mutual funds have participated in 35 out of these IPOs. Of the total IPOs issued in the last year, 72 per cent were listed at a premium while 28 per cent opened at a discount.