23 trillion rupees through 375 initial public offerings. 12 trillion rupees came from mainboard issues, while the remaining funds were secured through small and medium enterprise offerings. 12 trillion rupees was raised through 131 mainboard IPO issues. 78 trillion rupees raised in the previous Samvat year. Also, the number of mainboard issues increased by 26 percent to 131 from 104 a year ago.
During this period, fresh capital stood at 1 trillion rupees, which is 42 percent higher than the previous year's 70,641 crore rupees. 07 trillion rupees earlier. 2 percent a year ago. Out of a total of 375 mainboard and SME IPOs, 230 IPOs were listed above their issue prices.
Companies That Raised the Most Capital
During Samvat 2082, several major companies approached the primary market and raised substantial capital. Jio Platforms remained the largest issue, raising 30,188 crore rupees entirely through fresh capital. This was followed by the National Stock Exchange of India at 22,563 crore rupees and ICICI Prudential Asset Management Company at 10,603 crore rupees. Both of these companies raised their entire amounts through OFS, while 8 percent of the total amount. Also, SBI Funds Management raised 9,795 crore rupees and Manipal Health Enterprises raised 9,275 crore rupees, completing the list of the top five companies.
Strong Domestic Liquidity Despite Foreign Investor Outflows
Mahavir Lunawat, Chairman and Managing Director of Pantomath Capital Advisors, stated that raising record funds in Samvat 2082 is a significant milestone for India's primary market. The access of Indian companies across different sectors and sizes to public capital demonstrates their growing capability, while notably, an amount of nearly 1 trillion rupees came through new capital issues, which is directly being deployed into business expansion, capacity building, and growth. OFS provides investors an opportunity to unlock value from their holdings and improve market liquidity, provided exit pricing and rationale are completely transparent. Vinay Jai Singh, Chief Investment Officer and Senior Managing Partner at ASK Private Wealth, noted that despite heavy outflows by foreign institutional investors, the market absorbing such large primary issues demonstrates the strength of domestic liquidity. However, the flip side is that large IPOs compete with the secondary market for liquidity.
Mainboard Issues and Sector-Wise Performance
6 percent of the total amount. Out of 131 mainboard issues, 89 issues closed above their issue prices on the listing day. 8 percent. Based on Friday's adjusted market price, 87 mainboard issues were trading above their offer prices, while 43 were below. 8 percent. Out of 42 issues with a size of 1,000 crore rupees or larger, 34 issues were trading above their offer prices. Vinay Jai Singh further added that the market has started differentiating between companies based on earnings clarity, cash flow conversion, balance sheet quality, governance, and valuation.
Company Returns and Share Price Trends
1 percent above its offer price. 3 percent. 7 percent, respectively. 5 percent, and SBI Funds Management fell by 13 percent. 7 percent, respectively. 4 percent.
SME Segment Performance and Upcoming IPO Pipeline
In the SME segment, 244 issues raised 10,826 crore rupees, which is 4 percent higher compared to 10,407 crore rupees raised from 240 issues in the previous Samvat. 8 percent of the total amount raised. Out of the SME issues, 141 closed above their issue prices on the listing day. However, as of November 6, 114 issues were trading above their offer prices, while the rest dropped below. 9 percent was witnessed. The upcoming Samvat is expected to see notable activity in the IPO pipeline. The Securities and Exchange Board of India has approved five IPOs this week, which include IIFL Finance, Arjun Jewellers, EnCure Ethical, Sagar Defence Engineering, and Mahanadi Coalfields. Three out of these five IPOs also include an OFS component.