IPO rush, block deals fuel two-fold jump in market fundraise
"The sharp rebound in equity
fund raising
this quarter is directly tied to the recovery in secondary market sentiment," said Bhavesh Shah, managing director and head of investment banking at Equirus Capital.
IPOs also reported renewed rigour in issuance. Money raised through this route increased by 88.6% sequentially to ₹29,652 crore. Also, funds through rights issue jumped fourfold to ₹7,644 crore by similar comparison, reflecting companies' eagerness to shore up balance sheets through shareholder-backed offerings.
Agencies
Underlying this uptick was a marked improvement in investor sentiment. The
BSE Sensex
rallied nearly 10% in the April-June period, buoyed by robust foreign and domestic inflows. This was in comparison with the 1.4% drop in the corresponding quarter of the previous year. Foreign portfolio investors, who withdrew ₹1.2 lakh crore in January-March 2025, flipped to net buyers, pouring in ₹38,673 crore during April-June, according to NSDL data.
"IPO investors are typically active in the secondary market as well. So, when markets are underperforming, it not only affects their existing portfolios but also dampens their appetite for new investments," said Shah. He expects the current momentum in fund raising to continue as long as the secondary market remains stable and domestic inflows stay strong,
Though the total transaction value of B&B deals improved sequentially, their number fell to 3,003 in the June quarter from 3,461 in the previous quarter reflecting higher average size per deal.
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