Zerodha founder Nitin Kamath shares an interesting insight, showing how the IPO market has been since the 90s, as many companies, especially startups, are already ready to participate in the recent past. Initial Public Offering (IPO) Craze to start its initial share sale to raise funds.
In a tweet, the chief executive officer (CEO) of the online stock brokerage firm highlighted how there were an average of three public issues per day, compared to the sale of nearly one share per week in the past two years.
Kamat tweeted with a chart, “If you think this IPO market has gone insane in the last 2 years, look at the 90s. Average 3 IPOs daily, compared to ~1 per week in the last 2 years ” Number of issues (IPO, FPO and OFS) and amount each year from 1990 to November 30, 2021.
The IPO lane in December will continue to be busy as ten companies draw up initial share-sale plans worth more than that. 10,000 crore, suggested the report. This comes after 10 firms successfully concluded their initial public offering (IPO) in November. Initial share-sales are getting tremendous applications from investors and IPO subscriptions are manifold.
KPMG expects digital companies in India to raise around $10 billion through initial public offerings over the next six months, as investors continue to pour money into the country’s technology sector.
According to data compiled by Bloomberg, Indian companies have raised $10.8 billion from share sales for the first time this year. At this pace, 2021 could well surpass the record $11.8 billion collected in 2017.
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