India's capital markets outperform peers
India's capital markets have done ‘exceptionally well’ and allowed record mobilisation of risk capital for Indian companies in FY22, the Economic Survey 2021-22 said. Among major emerging market economies, the Indian markets outperformed its peers in Apri
image for illustrative purpose
New Delhi: India's capital markets have done 'exceptionally well' and allowed record mobilisation of risk capital for Indian companies in FY22, the Economic Survey 2021-22 said. Among major emerging market economies, the Indian markets outperformed its peers in April-December 2021 period, the Survey said. The BSE Sensex and NSE Nifty touched their peak, at 61,766 points and 18,477 points on October 18, 2021. "The year 2021-22 so far has been an exceptional year for the primary markets with a boom in fundraising through IPOs by many new age companies/tech start-ups/unicorns," the Survey said.
During April-November, a total of Rs 89,066 crore was raised via 75 IPO issues, which was much higher than in any year in the last decade."The money raised by IPOs has been greater than what has been raised in any year in the last decade by a large margin."
Amount raised through rights issues, however, declined by 62.6 per cent to Rs 22,659 crore in April-November 2021, as compared to Rs 60,608 crore during corresponding period of previous year.
