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Public Issues Drop By 90% In Q1 2009, Mop Up Only Rs 1,547 Crore

Posted on July 07, 2008

Public issues to raise funds by Indian firms have taken a big knock. That is no surprise given the state of the markets. According to a VC Circle analysis of data compiled by Delhi-based research firm Prime Database, the total funds raised by firms through either initial public offer (IPO) or follow-on public offers (FPO) have dropped sharply to a mere Rs 1,547 crore from Rs 23,653 crore during Q1 of FY 08. The financial year 2007-08 was a peak year for raising funds with Rs 53,219 crore raised through IPOs and FPOs alone (including various instruments- equity, convertibles and debt).In fact...

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