2010 Indian Public Issues Report - The Most Happening Place Department of Disinvestment!

2 Pages Posted: 26 Jan 2011

Date Written: December 20, 2010

Abstract

The year 2010 has seen clear revival in the Indian primary market after very tough 2008 and lackluster 2009. The year 2010 has seen several records being created in the Indian public issue market history.

The year 2010 was featured with 70 public issues, that is, 62 IPOs and 8 FPOs. The total fund raising through 70 public issues was to the tune of about Rs 71,114 Crores. Of this, fund raising through 62 IPOs was to the tune of about Rs 39,710 Crores. And, fund raising through 8 FPOs was to the tune of about Rs 31,403 Crores. That indicates, IPOs were having about 55.8% market share and FPOs were having about 44.2% market share in the public issue market in 2010.

The public issues were seen across the industries such as power, minerals, infrastructure, banking, healthcare, realty, etc. Further, one more special feature of the 2010 primary market was that, the public issues can be seen from the new-age modern industries such as Microfinance, Fitness Centers, etc.

The smallest public issue of the year 2010 was Thangamayil Jewellery IPO with the issue size of Rs 29 Crores. And, the largest public issue of the year 2010 was that of Coal India IPO with the issue size exceeding Rs 15,000 Crores. As a coincidence, Coal India IPO has also made history being the largest public issue of the Indian capital market.

The year 2010 has seen the total fund raising by private sector through public issues was about Rs 21,168 Crores and the public sector fund raising through public issues was about Rs. 49,946 Crores. So, the share of the private sector fund raising was about 29.8%; and PSUs were having a lion's share of about 70.2%. It may be said that, it was government's disinvestment activity which has designed and defined the public issue market of 2010.

Whichever way you look at it, the year 2010 was an action packed year for the Indian primary market. The most happening place being the Department of Disinvestment.

Keywords: India, Indian Public Issue Markets, Indian Primary Markets, Indian IPOs, Disinvestment, Department of Disinvestment, Coal India IPO, PSUs, Microfinance, Fitness Centres

Suggested Citation

Thunuguntla, Jagannadham, 2010 Indian Public Issues Report - The Most Happening Place Department of Disinvestment! (December 20, 2010). Available at SSRN: https://ssrn.com/abstract=1748555 or http://dx.doi.org/10.2139/ssrn.1748555

Jagannadham Thunuguntla (Contact Author)

affiliation not provided to SSRN ( email )

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