India Inc Raises Over Rs 45,000 Cr In Ipos, Follow-Ons In 2007

New Delhi: Marking the highest mobilisation in a single year, Indian companies are pegged to have mopped up Rs 45,062 crore via initial public offerings (IPOs) and follow-on public offerings (FPOs) during 2007, almost 85 per cent more than last year. While over 100 IPOs grossed close to Rs 34,134 crore this year, six FPOs during the year raked-in another Rs 10,927 crore. About 45 per cent of the total IPO mobilisation came from the realty sector, this year. As many as 12 companies from the real estate domain got listed and 11 of those saw huge premiums after listing. This shows markets'' appetite for good real estate firms. Interestingly, the average size of the IPOs in 2007 increased to Rs 350 crore against about Rs 260 crore in the previous year. It may be called back that fuelled by DLF''s mega public issue of Rs 9,187.5 crore, the total IPO mop-up in June had exceeded all expectations garnering close to Rs 11,906 crore, while the FPOs had garnered another Rs 10,570 crore. The IPO realisations in January stood at about Rs 2,786 crore, in February at Rs 4,503 crore, and in March at about Rs 460 crore. India Inc raised Rs 682.5 crore in April and Rs 494 crore in the following month. The realisation in July had been estimated at Rs 3,603 crore, in August Rs 666.57 crore, in September Rs 3891 crore. October and November grossed Rs 268.85 crore and Rs 3393.20 crore, respectively.