India accounts for 3% of $330.6-bn global IPOs in Jan-Sep
With over 70 companies coming out with their initial share sales, India might have emerged as one of the top IPO markets in terms of proceeds at $9.7 billion in the first nine months of this year, but the amount is just around three per cent of the total global IPO funds raised during the same period.
image for illustrative purpose
New Delhi: With over 70 companies coming out with their initial share sales, India might have emerged as one of the top IPO markets in terms of proceeds at $9.7 billion in the first nine months of this year, but the amount is just around three per cent of the total global IPO funds raised during the same period.
Bolstered by bullish investor sentiments, India witnessed 72 companies mopping up a whopping $9.7 billion through initial share sales in the first nine months of 2021, the highest amount for the nine-month period in two decades, says a report.
A staggering $330.66 billion has been mopped up so far this year till September through IPOs across the world.
In terms of the number of initial public offerings (IPOs) during the 2021 January-September period, India's count was 72, which is 4.4 per cent of the total IPOs during the same period, according to a report from leading consultancy EY.
"These sectors were also the largest in terms of issue proceeds in Q3 2021. The three largest IPOs in terms of proceeds were Zomato, Nuvoco Vistas Corp, and Chemplast Sanmar," the report said. Globally, there were 1,635 IPOs during the January-September 2021 period.
