Despite stock market volatility and a negative return of 9.4 per cent from the Sensex, 2015-16 saw good participation in new equity issuances and companies raised a total of `48,952 crore through various instruments, says a report.
“In financial year 2015-16, a total of `48,952 crore was raised through various equity market instruments including initial public offers, qualified institutional placements, follow-on public offers and offers-for-sale,” a report by Centrum Wealth Research said on Friday. This was, however, lower than `58,801 crore raised in fiscal 2015. IPOs garnered `14,772 crore in fiscal 2016, a massive leap from `2,769 crore raised in the previous fiscal. Money raised through QIPs stood at `14,438 crore, lower than `29,102 crore in the last fiscal, but rights issues raised `8,785 crore, a 30 per cent jump from `6,750 crore in FY15.