2011 Indian Public Issues Market - Flood of 100 Public Issues Waiting to Hit - Dec, 2010

Abstract

1. The calendar year 2010 has seen the highest ever public issuance collections in any year by Indian corporates in the history, to the tune of about Rs 59,523 Crores.2. The public issue market is still relishing the gains of Coal India IPO and the mood is still upbeat.3. The pipeline of public issues for the calendar year 2011 is giving indications of one more strong year.4. From the private sector alone, there are 100 public issues in pipeline on the basis of the prospectuses filed with SEBI. The indicative IPO size from these public issances is to the tune of about Rs 50,000 Crores.5. To summarize, one can expect public issue robustness even during the calendar year 2011, if the market conditions remain strong. The pipeline is indicating the total public issue volume of about Rs 90,000 Crores during the calendar year 2011. (that is, Rs 50,000 Crores from private sector and Rs 40,000 Crores from public sector)6. If all this materializes in reality, the public issue market of calendar year 2010 may appear to be just a trailer.