Lok Sabha Question No. 273 (UNSTARRED), answered on 2017-02-03
Subject: Data on Mobilization by way of Initial Public Offers
Ministry: FINANCE
Asked by: K. ASHOK KUMAR

## 273. SHRI K. ASHOK KUMAR

Will the Minister of Finance be pleased to state:

- (a) whether the data on mobilization by way of initial public offers suggests that the trend did not signal a reviv I in capital formation and corporate investment in the broader economy, if so, the details thereof and reasons therefor;
- (b) whether a sum of Rs. 16,980 crore raised through public issue ir the six months period ended 30 Septembe , 2016 and only 23 percent accounted for fresh capital raised by companies for future expansion, if so, the details thereof; and
- (c) whether some of the largest issues during this period did not set: an) fresh capital raised, if so, the detail thereof and the reasons thercfor?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

- (a) The fresh issuance for the first nine months ended December 31, 2016 was higher at Rs.7, 115 crore as agains Rs. 5,376 crore raised during the nine months ended December, 20lS depiciting an increase in mobilization 0 fresh resources by the issuer companies. The same is tabulated bel w:
- (b) The data of IPOs opened during the six months period ended Sep.ernber 30. 2016 indicates that an amount 01 Rs. 17,317 crore (including SME IPOs) was raised through 57 IPOs (including 42 SME IPOs). Further, while 76% of the IPO capital (Rs,13,127 crore), was raised through Offer for Sale (OFS), 24% (RsA,190 crore) was raised through fresh issuance, ~--------------
- (c) Out of the 20 major IPOs (excluding SMI' II'()~J opened during. t ie nine months period ended December 31, 2016, 9 issues were of a size exceeding Rs. IUOO <':1\1I'e, Of these 9 i'~lI(,~ . ..j were pure OFS while 5 were mix of fresh issue and OFS. A table depicting the list of l) major IPOs of a size exceeding Rs.IOOO crore opened during the said period giving a break up ofOI'S and fresh issue COl iponent is given at Annexure-A.

| Period ended               | Number of IPOs   | Total amount raised [including and Medium Enterprises - Public Offer (SME IPO)! (Rs crore)   | Small Fresh Issuances (Rs, in crore) Initial in   |
|----------------------------|------------------|----------------------------------------------------------------------------------------------|---------------------------------------------------|
| April 2015-1 December 16:r | 50               | I InS9 I                                                                                     | 5376 .---. -.-- ... -... --.- ... --.----1        |
| ~Op~~120 December ~.       | O--- ....__      | ~2~-~X- -. - L .._                                                                           | .J 7l~~_ ._ ....                                  |

| Period ended                   | Number of IPOs   | Total amount raised [including Small and Medium Enterprises - In tial Public Offer (SME IPO)! (Rs. in crore) ----- -----------   | Fresh Issuances (Rs, in crore)   | Offer for Sale issuances (Rs. in crore)   |
|--------------------------------|------------------|----------------------------------------------------------------------------------------------------------------------------------|----------------------------------|-------------------------------------------|
| April- September 2016 ~~=-- __ | 57·              | 17.137 (100%) ----lL- ... ._ .. ._.___                                                                                           | 4,190 t 24 %) _                  | 13,127 (76%)                              |

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AHAIRS

## LOK SABHA UNSTARRED QUESTION NO 273 RIJ

TO BE ANSWERED ON FRIDAY, THE 03 FEBRUARY, 20171 MAGHA 14, 1938 (SAKA)

## DATA ON MOBILIZATION BY WAY OF INITIAL PLiBLlC OFFERS

## QUESTION

## 9 Major (POs of a size exceeding Rs.1 000 crore opened during the nine ment-is period ended December 31,2016

I

| SI. -No.   | Name of the Issue                                                                   | --rTotal I Amount raised (Rs. in cro~+-   | OFS I component (Rs. in crore)   | +- Fresh Issue (Rs, in crore)   |
|------------|-------------------------------------------------------------------------------------|-------------------------------------------|----------------------------------|---------------------------------|
| I          | Equitas Holdings Private L~llitt'd                                                  | ._ =L2176.68                              | t-l~56.~_                        | J_2_0                           |
| r-~        | ~ahan~~!:.Ga~l..:ill1ited                                                           | \!(l38.88                                 | 1038.88 l                        | __ 0 _ .                        |
| 3          | Larsen & Toubro Infotech Limited                                                    | ~ ~~_~~8                                  | ~]f:.:lL_.                       | 0 -t-4                          |
| 4          | RBL Bank Limited .___                                                               | __ +--J 21 __ ~.l)}                       | ~- 3~~.. I7                      | 32.5                            |
| 5          | ICICI Prudential Life Insurance Company Limited -- _. --. - -- -- - -- --- --- .. - | I 60)6.7'-) .j ---- - -                   | I 60)0.79 -- -- ----- -----      | i 0 - --------                  |
| 6          | Endurance Technologies Ltd                                                          | I 161.73                                  | 1161.73                          | 0                               |
| 7          | PNB Housing Finance Ltd r-~~----~-~----------+--~----r                              | 3000                                      | 0                                | 3000                            |
| 8          | Yarun Beverages Ltd                                                                 | 1112.5                                    | 445                              | 667.50                          |
| 9          | Laurus Labs Limited                                                                 | 1330.51                                   | 1030.80                          | 299.71                          |
|            | Total                                                                               | 18326.44                                  | 12806.73                         | 5519.71                         |