Indian firms have raised a staggering Rs46,000 crore from the primary market route in first ten months of the current fiscal, mainly on account of robust fund mobilisation through initial public offerings. In comparison, companies had garnered Rs13,158 crore in the April-January period of 2014-15. Most of the funds have been raised for expansion plans, to repay debt and for other general corporate purposes. “During 2015–16, primary securities market seems to have come out of its lull. Both the total number of issues and the resources mobilised from the primary securities market have gone up. IPOs have contributed to this performance more than public debt issues and rights issues,” capital markets regulator Sebi noted.
Out of Rs46,014 crore raised during April-January period of the ongoing financial year, Rs24,552 crore have been mopped-up through debt and another Rs21,462 crore via equities. Out of Rs46,014 crore raised during April-January period of the ongoing financial year, Rs24,552 crore have been mopped-up through debt and another Rs21,462 crore via equities.