Initial public offerings (IPO) have attracted less retail attention than before amid increased market volatility.
There were 757,000 applications for the average IPO in the first six months of the 2022-23 financial year (FY23), according to data compiled by tracker Prime Database. This is 51.3 per cent lower than the 1.6 million average applications seen during the first half (H1) of FY22.
A retail investor is one who bids for not more than ₹200,000 worth of shares in an IPO.
Companies raised a total of ₹36,535 crore through IPOs in HIFY23. This is a 30.2 per cent drop over the 52,325 crore raised during the same period last year. The movement is seen to be broadly representative of market performance as the S&P BSE Sensex has dropped around 9 per cent from its October 2021 all-time high of 62245.4.
This story is from the September 30, 2022 edition of Business Standard.
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This story is from the September 30, 2022 edition of Business Standard.
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