The Union Finance Ministry has said that fundraising through public and rights issues surged by 115 and 15 per cent respectively in 2020-21 despite uncertainty due to the COVID-19 pandemic. In terms of numbers, FY21 witnessed 55 initial public offers (IPOs) and one follow-on public offer (FPO), the ministry has said in a statement. In the financial year in review, 21 rights issues were successfully completed as against 17 in the previous year. 

“During 2020-21, Rs 46,029.71 crore and Rs 64,058.61 crore were raised through public issues and rights issues respectively as against Rs 21,382.35 crore and Rs 55,669.79 crore raised respectively last year. This is an increase of 115 per cent and 15 per cent respectively in 2020-21 as compared to last year,” the ministry has added. Similarly, around 2,003 issues of corporate bonds for an amount of Rs 7,82,427.39 crore happened in 2020-21, surpassing the amount raised (Rs 6,89,686.19 crore) through 1,821 issues for 2019-20, the ministry has noted. 

The ministry has added that while the number of issues increased by 10 per cent in 2020-21, the amount raised increased by 13.5 per cent as compared to the previous financial year. The Indian capital market has shown its resilience to withstand the ripples caused by exogenous shocks, like the pandemic, it has said, adding that assets under management (AUM) of mutual fund industry increased by 41 per cent from Rs 22.26 lakh crore as on March 31, 2020 to Rs 31.43 lakh crore as on March 31, 2021.