Companies raised Rs 68,608 crore through equities in 2015
NEW DELHI: Indian firms mopped up over Rs 68,608 crore through the equity market route in 2015, with offer-for sale (OFS) emerging as the most preferred way to mobilise capital for their business needs.
This is 76 per cent higher than Rs 39,067 crore raised through the equity market in 2014.
In the equity space, the funds were mobilised through OFS via the stock exchange mechanism, qualified institutional placement (QIP) and initial public offers (IPO).
Out of the total Rs 68,608 crore raised, fresh capital accounted for only Rs 25,964 crore, with the remaining Rs 42,644 crore coming from offers for sale.
“The year could have been even better but for the deferment of several PSU offerings. The year, of course, fell short of Rs 97,746 crore, the highest amount which has ever been raised (in 2010),” Prime Database Managing Director Pranav Haldea said.
OFS, mostly used for dilution of promoters’ holdings, made up 52 per cent of the overall funds raised through public issuance of equities. Firms mobilised Rs 35,564 crore through this route, higher than Rs 5,000 crore in 2014.
Read full article: TOI
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