Funds Raised Through IPOs Slump 82% For Last Fiscal

NEW DELHI: Indian companies raised a total of R5,800 crore during the last fiscal 2011-12 through initial public offers (IPOs) — a slump of 82% from the previous year.
As per the analysis of data available with the exchanges, a total of 33 Indian firms together raised R5,808 crore via IPO route during the fiscal ended March 31, 2012. In comparison, a total of R33,183 crore worth capital was raked in by 52 firms during the fiscal 2010-11.
Interestingly, NBCC was the single state-owned firm to enter the capital market through IPO route during 2011-12. It raised about R120 crore through its public offer.
Besides, two other public sector firms — Power Finance and ONGC — raised capital through FPOs during the past fiscal. PFC and ONGC raised R4,660 crore and about R12,000 crore, respectively. Among the major IPOs of the year, L&T Finance raised R1,245 crore, Muthoot Finance garnered R900 crore, Future Ventures India, mopped up R750 crore and commodity bourse MCX raked in R663 crore.