IPO fundraising halves to ₹52,116 crore in FY23, 37 firms go public

There was no initial public offering (IPO) during FY23, with 37 companies raising 52,116 crore through the main board. Recent fundraising falls short of the record-breaking performance of 1,11,547 crore in FY22. In FY23, the largest Indian life insurer, LIC, raised approximately 39% of all funds through its initial public offering (IPO). However, fundraising in FY23 remains the third highest in the IPO market.