71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?

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Three sectors –edible oil, insurance and hospital & healthcare services– accounted for 56 per cent of the Rs 55,000 crore fund-raise, the note said

Deepak KorgaonkarHarshita Singh New Delhi
After a tepid 2022 that saw 32 companies raise around Rs 55,000 crore from the primary markets, calendar year 2023 is likely to be relatively better.

Around 55 companies have received market regulator Securities and Exchange Board of India’s (SEBI) approval to raise about Rs 84,000 crore via IPOs, data from Prime database shows. These include Aadhar Housing Finance, TVS Supply Chain Solutions and Macleods Pharmaceuticals, which have proposed to raise between Rs 5,000-7,300 crore.

That apart, around two dozen IPO applications, including SoftBank Group’s Oyo Hotels and Tata Play are currently with Sebi, as per reports.

“2023 is expected

First Published: Dec 23 2022 | 10:33 AM IST

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