India Is The IPO Capital Of The World; $3.9 Billion Raised Via IPOs In 1st 6 Months Of 2018!
Total of 90 IPOs were launched in the first half of 2018
India is slowly but gradually becoming the IPO capital of the world. As per a recent report, it was revealed that maximum number of IPOs were launched in India, compared to any other country in the world.
Which sectors produced most number of IPOs? Read on find more!
India Had Most Number Of IPOs!
As per EY India IPO Readiness Survey Report, which tracks the state of IPOs in the country and globally, there were total of 90 IPO launches across Indian stock exchanges, in the first half of 2018.
15 of these IPOs were listed on both NSE and BSE, and accounted for 93% of the total proceeds.
This is by far the most number of IPOs that any country had launched in the same period.
Vish Dhingra, Partner, Financial Accounting Advisory Services, EY India said, “Our survey indicates that good quality companies, coupled with attractive pricing and right timing are the key factors for a successful IPO,”
These 90 IPOs raised $3.9 billion or Rs 26,000 crore.
If we talk about India, then the fund raised via these 90 IPOs is 16% of the overall funds infused in the Indian stock exchanges.
And globally, these 90 IPOs in India were 5% of the overall proceeds of the global exchanges.
Compared to Indian stock exchanges, then 90 new IPOs which were launched between January and June, 2018 was 28% more compared to last year in terms of quantity and $3.9 billion raised was 27% more compared to last year, in terms of value.
Which Sectors Had Maximum Number Of IPOs?
As per the findings of the report, the top 5 sectors which attracted most number of IPOs were:
#1: Industrials, which had 27 IPOs
#2: Consumer staples, which had 18 IPO
#3: Materials, which had 14 IPOs
#4: Consumer products, which had 10 IPOs
#5: Technology, which had 5 IPOs.
In terms of fundings raised, the top 5 sectors were:
#1: Industrials, which raised $1.5 billion
#2: Financial sector, which raised $1.5 billion
#3: Consumer staples, which raised $279 million
#4: Media & entertainment, which raised $160 million
#5: Health care, which raised $158 million
While National SME was responsible for 42 listings, it contributed to only 5% of the overall proceeds of stock investments, meanwhile Bombay SME was responsible for 37 listing, and contributed 2% to the overall fund infusion into Indian stock exchanges.
We will keep you updated, as receive more inputs.