Indian Primary Capital is Red Hot

Indian companies have never had it so good in primary markets. After raising almost $10bn in June, in the first week of July they raised $1.4 bn again.

The June collections from domestic market (IPO, FPO, QIP) was over Rs 22000 crore. That itself is almost equal to entire year’s worth of capital raising in each of the last 3 years. If you add the ADRs, then the money raised in June could top entire year’s worth of capital raised for any given year. Unfortunately, dont have data on historical collections from foriegn primary markets – ADR/GDR/FCCB etc.

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