89 Firms Intend To Go Public & raise Rs 1.4 trillion In 2023
In 2023, a variety of activities associated with initial public offerings (IPOs) are scheduled to take place. According to information provided by the Prime database, about 89 enterprises would embark on Dalal Street in 2023 to raise almost Rs 1.4 trillion.
Just to give you an idea of the amount of money raised through IPOs in 2021, 63 different companies raised Rs. 1.19 trillion in India. whereas 33 businesses raised Rs 55,145.80 crore in 2022 through November. In particular, some fund managers announced that IPOs have helped them produce alpha during the past few years.
As markets continue to reach new heights, producing alpha has become a problematic project. At the Mutual Fund Summit hosted by Moneycontrol, Anoop Bhaskar of IDFC MF said that “The markets have grown incredibly flat over the past few years. Finding an HDFC Bank is not as simple as it was in 2008…
