Dozens of tech companies are coming IPO.
So far in the year 2021, Indian companies have raised a fund of $ 10.8 billion by issuing IPO. In such a situation, it is expected that the 2017 record of raising funds through IPO will easily be left far behind this year. In 2017, companies raised funds of $ 11.8 billion through IPO.
In a report published in Bloomberg, KPMG has been quoted as saying that digital companies will raise $ 10 billion in funds through IPO in the next six months. He says that the trust of investors in tech companies is very high. In such a situation, they are investing openly in IPOs of tech companies. It was said in this report that during the Corona period, central banks have printed notes on a large scale, and a large part of it has been invested in the Indian market.
Sentiment strong due to improvement in vaccination, economic activity
According to the report, there was a huge financial loss due to Corona for two years. The government started a massive vaccination program, due to which a large population of the country has taken the vaccine. The Central Bank also maintained liberal monetary policy during this period. Last week, the RBI decided not to change the repo rate for the eighth time in a row. Apart from this, there is a boom in manufacturing and economic equity. It is believed that the growth rate in the current financial year will be close to 9.5 percent. Due to all these positive factors, the stock market is getting strength and the investor sentiment is getting stronger.
80 percent fund is now coming to India
KPMG India Corporate Head, Finance, Srinivas Balasubramaniam said that in the past, when funds came to asset managers, they used to invest 90 per cent in China. The main reason for this was that the growth and consumption of the Chinese economy was excellent. Now the same fund managers are investing 80 percent of their money in India.
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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.