Meanwhile, domestic companies managed to raise record amounts of capital this year, defying disruptions caused by the pandemic and economic contraction. In the primary markets, there were 15 IPOs, which collectively raised ₹26,611 crore, more than double of the ₹12,362 crore raised through 16 IPOs in 2019. Mobilization of resources through rights issues was also at a record high, mostly led by the mega ₹53,124 crore rights issue of Reliance Industries Ltd. According to Prime Database, ₹64,984 crore was raised through rights issues this year, up 25% from ₹52,053 crore in 2019. This was more than double of the ₹35,238 crore raised last year.

Source: Mint December 29, 2020 00:56 UTC