After a blockbuster financial year 2021-22 (FY22) where 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs), the momentum could well continue in FY23 and the amount raised could surpass the FY22 figure.
According to a note by Prime Database, 54 companies plan to raise a massive Rs 1.4 trillion (including the much awaited LIC IPO) and currently hold market regulator Securities and Exchange Board of India's (Sebi's) approval.
