It has been raining initial public offers in FY16, which witnessed a multi-year high in capital-raising not only in terms of the total amount raised but also the number of companies that got listed on the bourses. According to data collated by Prime Database, an entity engaged in database for primary capital market, fund-raising through IPOs, including those by small and medium enterprises, touched a five-year high of ₹14,772 crore or 30 per cent of the total equity raised in FY16.

FPO, OFS & QIP

The total amount of equity raised also includes follow-on public offers, offers-for-sale and qualified institutional placements, among others. The same stands at ₹48,952 crore in FY16, which is 17 per cent lower than that in FY15, chiefly due to lower disinvestment by the Centre and lesser amounts raised through OFS and QIPs. In terms of equity raised, FY10 had seen the maximum at ₹86,710 crore.

Besides the amount raised, the number of companies through main-board IPOs (in other words excluding SME IPOs) has also been at a four-year high of 24. Prime Database has considered the issue opening date to arrive at the number of companies in FY16.

The largest IPO and OFS were Interglobe Aviation and Indian Oil Corporation, respectively.

Promising outlook

FY17 looks promising as 25 companies are holding SEBI approval to raise over ₹12,500 crore and another six companies are awaiting the regulator’s nod to raise about ₹30,000 crore, Prime Database pointed out.

The companies which are likely to hit the primary market in FY17 include Equitas Holding, L&T Infotech, AGS Transact Tech, Mahanagar Gas, Ujjivan Financial Services, Nuziveedu Seeds, Paranjape Schemes, Matrix Cellular, GVR Infra Projects, Dilip Buildcon, Matrimoney.com, Catholic Syrian Bank, Parag Milk Foods, VLCC Healthcare, Thyrocare Technologies and Sandhar Tech.

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