In contrast to the usual subdued fundraising climate in December, marked by a slowdown in activity due to the year-end holiday season, this year presents a unique scenario. December is proving to be a remarkable month for equity issuances, with India Inc on track to achieve a historic ₹20,989 crore from various sources like initial public offerings (IPOs), qualified institutional placements (QIPs), as well as rights issues and offers for sale. This surpasses the previous December record of ₹13,758 crore.
In December, a total of 11 main board companies either secured or declared their intention to secure ₹8,400 crore through IPOs alone, while an additional five companies garnered ₹11,400 crore via Qualified Institutional Placements (QIPs). To provide context, the cumulative equity issuances for December 2022 amounted to ₹11,247 crore. In comparison, December 2021 and 2020 witnessed fundraising totals of ₹10,238 crore and ₹9,155 crore, respectively.
Notably, this year stands out with eight companies slated for IPOs between December 20 and 28, coinciding with a period when foreign portfolio investors (FPIs) will be offline. These eight companies have collectively announced plans to raise ₹4,480 crore.
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