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FPIs Invested Over Rs 79,000 Crore In Indian IPOs In 2021: Report
IPO (Representative Image)
The foreign portfolio investors (FPIs) put in a record Rs 79,851 crore in the Indian primary market in 2021, surpassing previous high of Rs 72,463 crore in 2020, reports Moneycontrol.
According to the data by the Central Depository Services Limited (CDSL), FPIs turned out to be net buyers of Indian equities amounting to $3.9 billion this year despite selling stocks amounting to $6.8 billion in the secondary market.
A total of 65 companies went public in 2021 and they collected a total of Rs 1.31 lakh crore through the process. This is a striking 74.6 per cent higher than 2017, which was the previous record year for IPOs in the history of the Indian stock market.
The IPO market in 2021 has been robust with a number of unicorns going for listing.
Several new-age tech and fintech companies like Zomato, Nykaa, CarTrade Tech, PB Fintech, Paytm and Fino Payments Bank got listed in the equity market this year.
Paytm ended up raising the biggest ever amount of Rs 18,300 crore in the history of Indian markets, though the ssue saw a lukewarm response from investors.
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