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The primary equity market in 2017-18 has seen a growth of over 100 per cent over the previous record high in FY 2009-10
Public equity markets witnessed an all-time high of `1,77,116 crore being raised in FY 2017-18 , a growth of more than 100 per cent over the previous high of `86,710 crore in FY 2009-10 . According to Pranav Haldea , Managing Director of PRIME Database ( a database provider on the Indian primary capital market ), the figure for FY 2017-18 was 3.46 times that raised in the previous year . In 2016-17 the amount raised was `51,120 crore . According to Haldea , 45 mainboard IPOs came to the market collectively raising `82,109 crore , while 52 already listed companies used the QIP route to mobilise `62,358 crore in FY 2017- 18 . The amount raised through both IPOs and QIPs was an all-time high . The previous high for the IPO market was `41,323 crore in 2007- 08 , while the previous high for QIPs was `39,768 in FY 2009-10 . ( For number of IPOs raised since 2012 and QIPs since 2006 , please refer to the tables .)
The largest IPO raised was from General Insurance Corp . for `11,257 crore , while the largest QIP raised was from SBI for `15,000 crore , accounting for 24 per cent of the total QIP amount . According to
Some companies that have received IPO approval for 2018-19 :
■ GANDHAR OIL REFINERY ( INDIA ) LTD : `195.00
■ PRINCE PIPES & FITTINGS LTD : `800.00
■ SEVEN ISLANDS SHIPPING LTD : `450.00
■ RELIANCE GENERAL INSURANCE CO . LTD : `1600.00
■ CMS INFO SYSTEMS LTD : `1300.00
■ ACME SOLAR HOLDINGS LTD : `2200.00
■ BARBEQUE-NATION HOSPITALITY LTD : `700.00
■ INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD : `900.00
■ RITES LTD : `600.00
■ PATEL INFRASTRUCTURE LTD : `400.00
■ KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD : `600.00
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Outlook Money May 2018 www . outlookmoney . com