In First Half Of FY23, IPO Fundraising Fell By 32%.

According to Prime Database, 14 Indian corporates raised Rs 35,456 crore through main board Initial Public Offerings IPOs in the first half (April to September) of 2022–23. Compared to the Rs 51,979 crore raised through 25 IPOs over the same period in 2021–22, the amount raised is 32% less.

Pranav Haldea, Managing Director of PRIME Database Group, claims that the IPO of Life Insurance Corporation LIC raised Rs 20,557 crore or 58% of the total. Additionally, the total amount raised for public equity fundraising fell by 55% to Rs 41,919 crore from Rs 92,191 crore during the same time last year.

Life Insurance Corp. of India's IPO for Rs 20,557 crore was the greatest during this time period and the largest Indian IPO ever. Delhivery (Rs. 5,235 crore) and Rainbow Children's followed this (Rs 1,581 crore). Only one of the 14 Initial Public Offerings (IPOs)— (Delhivery)  came from a New-Age Technology Company (NATC), indicating a decline in IPO activity in this industry. The high Rs 2,533 crore average deal size was observed.

According to Prime Database, the general public's reaction was modest. Four of the 14 IPOs achieved a mega response of more than 10 times (including one that garnered more than 50 times) while the remaining three earned oversubscriptions of more than three times.

Weighing in The oversubscription for 7 IPOs ranged from one to three times. Five initial public offerings (IPOs) in the new HNI market received a response of more than ten times, which is encouraging.