Fundraising doubles in FY 2020-21 through public issue

The Ministry of Finance said on Wednesday that despite the uncertainty created due to COVID-19 Pandemic, the funds raised through Public and Rights Issues in FY 2020-21 There was an increase of 115 per cent and 15 per cent respectively.

The ministry said in a statement that during this period 55 initial public offers i.e. IPO and a follow on public offer (FPO) came. According to the statement, 21 rights issues came in the financial year, compared to 17 figures last year.

“During 2020-21, Rs 46,029.71 crore and Rs 64,058.61 crore were raised through public and rights issue respectively, compared to Rs 21,382.35 crore and Rs 55,669.79 crore last year,” the ministry said. This shows an increase of 115 per cent and 15 per cent respectively during 2020-21 as compared to the previous year. ”

Similarly, during 2003-21, there were 2003 issues of corporate bonds, with a total amount of Rs 7,82,427.39 crore. The number of these issues increased by 10 percent, while the amount raised from them increased by 13.5 percent.

The statement said that the Indian capital market has shown its strength in withstanding the tremors caused by the outbreak of the epidemic. The ministry said that under the mutual fund industry, AUM increased by 41 percent to Rs 31,43 lakh crore as on March 31, 2021 from the previous year.

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