Funds raised through public offering doubled in FY 2020-21, ministry informed

Nirmala Sitharaman

Nirmala Sitharaman

In the financial year 2020-21, the funds raised through public issue and rights issue increased by 115 percent and 15 percent. The Finance Ministry has given information about it on Wednesday.

New Delhi: The finance ministry said on Wednesday that despite the uncertainty created by the Kovid-19 epidemic, funds raised through public issues and rights issues increased by 115 per cent and 15 per cent in FY 2020-21. The ministry said in a statement that 55 initial public offerings (IPOs) and one subsequent public offering came in the meantime. According to the statement, 21 rights issues came in the financial year, compared to 17 figures last year.

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

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Similarly, during the year 2020-21, there were 2003 issue 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 to withstand the brunt of the outbreak of the pandemic. The ministry said that the assets managed under the mutual fund industry grew by 41 percent to 31,43 on March 31, 2021 from the previous year Lakh Crore Rupees.

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