2015 has been a year of consolidation for Indian Equities. After surpassing key levels of 30K and 9K earlier in the year, Sensex and Nifty have been jittery all throughout amidst the global and domestic factors. However, when we switch our focus from secondary market to primary market in 2015, it has been a wonderful ride after a lull of almost 4 years.
The IPO voyage in 2015 has seen 18 companies boarding the IPO train and resulting in a fund raising of close to Rs. 10000 Crores. This has been a much improved performance since last 3 years. In the past years, 6 IPOs raised Rs. 1260 Crores funds in CY 2014, 3 IPOs mobilized Rs. 1284 Crores funds in CY 2013 and 11 IPOs collected Rs. 6770 Crores Funds in CY 2013.
IPO activity in first half of 2015 has been a dull affair with no big names hitting the bourses. In the second half, big names such as Coffee Day Enterprises, Interglobe Aviation and Syngene struck the Indian IPO scene with relatively big fund raising plans vis-à-vis smaller contributors.
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