MUMBAI: India’s primary market witnessed an unprecedented boom in October, marking the busiest month ever for mainboard initial public offerings (IPOs) with 14 companies hitting the market so far, aiming to raise over Rs 46, 000 crore.
The month has set a new record for monthly fundraising in the domestic capital markets, driven by two heavyweight listings — Tata Capital and LG Electronics India — which together accounted for more than half of the total fundraising.
Tata Capital raised Rs 15, 512 crore, while LG Electronics India mobilised Rs 11, 607 crore through their respective initial share sale.