September is going to be the busiest month for IPO in 14 years: RBI

New Delhi| The Indian stock market remains strong amid personal challenges. In such a situation, the month of September is going to be very busy in the last 14 years in terms of IPO. The Reserve Bank of India (RBI) gave this information on Saturday.
According to the Reserve Bank of India (RBI), more than 28 companies have entered the Indian stock market so far.

Indeed, financial markets continue to fluctuate. Interest in IPOs of small and medium enterprises (SMEs) has increased in the primary equity market, including domestic mutual funds. According to the central bank’s monthly report, about 54 percent of the IPO shares allotted to investors have been sold off within a week of listing.

“A growing number of listed companies are moving towards Qualified Institutional Placement (QIP) to raise funds estimated at Rs 60,000 crore in the first eight months of 2024”, the report said. RBI said the benchmark index in the secondary market has increased with intermittent improvements on global signals and its outlook also remains strong.

Global funds have been investing heavily in the Indian loan market for the fifth consecutive month since May 2024. On the other hand, corporate debt has remained low so far during the current financial year, while issuers had waited for the US rate cut. The Reserve Bank has said that large risk capital investors are taking steps very carefully and the number of micro venture capital companies and founder-led funds in early stage investments is increasing.

“Fintech lenders have acquired more than 52 percent of private loans and are increasingly turning to private loans to raise funds and diversify loan sources”, the Central Bank said in a statement.