New Delhi, Jan. 25 -- Proceeds from initial public offerings (IPOs) in the country surged 61 per cent last year to over $4.09 billion, showed an EY report on Sunday.
The 'EY India IPO Trends Report: Q4 2020' showed that the increase in IPO proceeds came despite the fact that the number of IPOs in 2020 was just 43, down 33 per cent from 2019.
It said that the fourth quarter of 2020 saw a strong rebound in IPO activity and market sentiment remains positive.
"Real estate, hospitality and construction, diversified industrial products were the most active sectors (in terms of the number of IPOs) with three IPOs launched in each sector (including main and SME markets)," it said.
In terms of the issue size, the IPO by Gland Pharma Ltd from the...