December 8, 2021
Finance Ministry stated that 61 companies, of which 34 entities are small and medium enterprises (SME), raised over INR 52,700 crore during April-October 2021
Among the 61 IPOs, 35 were below Rs 100 crore, while four were in the range of Rs 100 crore and less than Rs 500 crore
Till October 2021, 10 healthcare companies and seven companies from the cement and construction sectors entered the market.
A large number of manufacturing and service sector companies are coming up for listing
The number of initial public offerings (IPO) and the amount raised during the first seven months of the current financial year has already exceeded that from the last financial year, according to Finance Minister Nirmala Sitharaman. She informed the Lok Sabha that 61 companies, of which 34 entities are small and medium enterprises (SME), raised over INR 52,700 crore during April-October 2021. For the full fiscal 2020-21, 56 companies had raised approximately INR 31,000 crore. Of these 56 entities, 27 were small and medium enterprises (SME).
The finance minister also mentioned that the IPOs were stretched across various sectors such as automobiles, cement, electronics equipment, food processing, and textiles. Till October of the current financial year, 10 healthcare companies and seven companies from the cement and construction sectors also entered the market. The finance minister also said that a large number of manufacturing and service sector companies are coming up for listing. This is good news as it will provide a fillip to the manufacturing sector and will promote the employment generation for manufacturing and other ancillary sectors as well.
Sitharaman added that among the 61 IPOs, 35 were below Rs 100 crore, while four were in the range of Rs 100 crore and less than Rs 500 crore. As many as 22 IPOs were either equal to Rs 500 crore or more than Rs 500 crore.