Despite the uncertainty prevailing in FY 2020-21 owing to Covid-19 pandemic, fundraising in FY 2020-21 was better than that in FY 2019-20 for both Public Issues and Rights Issues, the finance ministry said in a statement on Wednesday.
During FY 2020-21, Rs 46,029.71 crore and Rs 64,058.61 crore were raised through Public Issues and Rights Issue respectively, as against Rs 21,382.35 crore and Rs 55,669.79 crore raised last year. This is an increase of 115 per cent and 15 per cent respectively in FY 2020-21 as compared to last year.In FY21, in all 56 public issues were launched, including 55 initial public offers (IPO) and only one follow on public offer (FPO). The number of rights issue was also a high of 21.A finance ministry tweet said that last year around 2003 issues of Corporate Bonds for an amount of Rs 7,82,427.39 crore also happened, surpassing the amount raised (Rs 6,89,686.19 crore) through 1,821 issues for the fiscal year 2019-20.Thus, while the number of issues increased by 10 per cent in FY 2020-21, the amount raised increased by 13.5 per cent as compared to the previous financial year.
With regard to mutual funds, the finance ministry said that Indian capital market has shown its resilience to withstand the ripples caused by exogenous shocks like the pandemic.
