New Delhi, March 04 (HS): India’s primary market has seen its highest fundraising in the first two months of 2025, raising Rs 15,723 crore through nine mainboard IPOs and Rs 1,804 crore through 40 SMEs. This surge in fundraising comes amid turmoil in secondary markets. Unlike 2024, 2023 saw no mainboard IPOs and 21 SMEs raised nearly Rs 340 crore. Experts attribute this to strong participation from Foreign Institutional Investors (FIIs), who have remained net buyers in the primary market despite market volatility.

According to NSDL data, during the same period last year in 2024 i.e. during January and February, 16 big companies of the mainboard had collected Rs 10,763 crore through IPO. 34 companies of the SME segment had raised Rs 1,140 crore. If we talk about the year 2023, then in the first two months, no company of the mainboard segment had launched an IPO. On the other hand, 21 companies of the SME segment had collected Rs 340 crore through IPO.

Despite the decline in the secondary market this year, foreign institutional investors have shown more interest in the primary market than the secondary market, due to which there has been record fund collection in the primary market during the months of January and February.

In the month of January, foreign institutional investors have invested $ 449 million in the primary market, while in the month of February their investment in the primary market has been $ 825 million.

In contrast to the primary market, if we look at the trading figures of foreign institutional investors in the secondary market, then in January FIIs sold $ 9 billion in the secondary market. Similarly, in February they sold shares worth about four billion dollars.

Hindusthan Samachar / Jun Sarkar