IPO mop-up rises 20% to Rs 62,000 cr in FY24

Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mob­ilised by 37 IPOs in 2022-23, as disclosed by PRIME Database. However, if one excludes the mega Life Insurance Corp­oration (LIC) IPO, which came out in 2022-23, IPO mobi­li­sation increased by 58 per cent from last year.