The year 2021 was a blockbuster year for the Indian primary capital markets! During the calendar year, a whopping 63 companies launched initial public offerings (IPOs) and collectively raised a record-breaking sum of approximately ₹1.3 lakh crore. Likewise, the Indian secondary markets soared high like an eagle, witnessing an exceptional bull run. Equity benchmark indices oftentimes recorded fresh all-time highs over the first nine months of the year. Over the last three months, Indian markets witnessed a pullback from the higher levels on account of weak global cues, spiralling inflation, switch in major central bank policies to a hawkish stance and the discovery and dissemination of the new Omicron variant of the coronavirus across the globe.
Despite the stock markets witnessing a correction over the past couple of months, the IPO market persists to remain buoyant and unfettered. As many as 11 companies came up with their IPOs in December 2021, making it one of the busiest months for the primary capital markets. In fact, 2021 will be marked as a monumental year in the history of the Indian capital markets because we witnessed several prominent new-age businesses getting listed on the bourses. Out of the ₹1.3 lakh crore raised via IPOs throughout the year, roughly 33 per cent of it was cumulatively raised by eight new-age companies.
This story is from the January 17, 2022 edition of Dalal Street Investment Journal.
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This story is from the January 17, 2022 edition of Dalal Street Investment Journal.
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