India’s initial public offering (IPO) market is set to top the previous fundraising high of ₹67,147 crore seen in 2017, with a spate of high profile technology companies hitting the market this week and the next.
As many as 41 companies have raised ₹66,973 crore through initial share sales in the first nine months of 2021, driven by tremendous liquidity and rising stock markets, according to data from primary market tracker Prime Database. Five IPOs, led by Paytm, Nykaa, and Policybazaar are set to raise more than ₹30,000 crore through the primary market in the next few days, taking the IPO fundraising to more than ₹97,000 crore.
