Over 90 companies have filed draft papers for IPO to raise ₹1 lakh crore in 2025, says BSE CEO
Live MintIndia's record-breaking capital-raising spree will continue in 2025 given the strong pipeline of firms looking to go public, the head of the country's oldest exchange told Reuters. "There are 90-plus companies that have already filed their draft prospectus with the regulator, looking to raise an estimated 1 trillion rupees at some point this year," Sundararaman Ramamurthy, the CEO of BSE said on Thursday. Last year, 91 large firms went public on the BSE, earlier known as the Bombay Stock Exchange, and the NSE, or National Stock Exchange, raising a record 1.6 trillion rupees via initial public offerings, according to analytics firm Prime Database. Ramamurthy said the IPO boom has more Offers for Sale, where large shareholders sell existing shares, with the proceeds going to them, instead of fresh issues that provide firms with capital to invest. DIVERSIFYING REVENUE STREAMS BSE, which earns a major chunk of revenue from transaction charges and services to firms including listings, is looking to diversify its income streams, Ramamurthy said.