Initial Public offerings

Funds raised through public offerings and rights issues increased in FY 2020-21, despite the uncertainty created by the Corona epidemic. Funds raised through public offers increased by 115 percent and funds raised by rights issue by 15 percent. The Finance Ministry gave this information on Wednesday.

The ministry said that 55 initial public offerings (IPOs) and one follow-on public offer (FPO) came in the last financial year. During this period, 21 rights issues came up, the number of which was 17 a year ago. The ministry said, ‘In 2020-21, Rs 46,029.71 crore and Rs 64,058.61 crore were raised through public issue and rights issue respectively. A year ago this figure was Rs 21,382.35 crore and Rs 55,669.79 crore respectively.

Similarly, in 2003-21, there were 2003 issues of corporate bonds with a total amount of Rs 7,82,427.39 crore. Their number increased by 10 percent and the amount raised from them increased by 13.5 percent. A year ago their number was 1,821 and an amount of 6,89,686.19 crore was raised from them.

Initial public offerings

The ministry said that the Indian capital market has faced the challenges of the epidemic strongly. The ministry said that the total asset under management (AUM) under the mutual fund industry increased by 41 percent to Rs 31.43 lakh crore as of March 31, 2021, from the year-ago period. Its level as of 31 March 2020 was Rs 22.26 lakh crore. The number of unique investors in mutual fund schemes increased by 10 percent to 2.28 crore from 2.08 crore a year ago.

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