Business
IPO fund raising all-time high at Rs 1.18 lakh crore

Sixty three Indian corporates raised an all-time high Rs 1.18 lakh crore through main board IPOs in calendar 2021.
This was nearly 4.5 times Rs 26,613 crore raised through 15 IPOs in 2020 and almost double of the previous best year 2017 in which Rs 68,827 crore was raised.
IPOs from new age loss-making technology startups, strong retail participation and huge listing gains were the key highlights, according to Pranav Haldea, Managing Director, Prime Database Group.
Overall public equity fundraising crossed the Rs 2 lakh crore mark to reach Rs 2.02 lakh crore in calendar 2021 which was higher than the previous highest amount of Rs 1.76 lakh crore in the preceding year.
The overall response from the public was very good. Of the 59 IPOs for which data is available as of now, 36 IPOs received a mega response of more than 10 times (of which 6 IPOs more than 100 times) while 8 IPOs were oversubscribed by more than 3 times. The balance 15 IPOs were oversubscribed between 1 to 3 times.
The year witnessed tremendous response from retail investors as well. The average number of applications from retail was 14.36 lakh, in comparison to 12.77 lakh in 2020 and 4.05 lakh in 2019. The highest number of applications from retail in 2021 was received by Glenmark Life Sciences (33.95 lakhs) followed by Devyani International (32.67 lakhs) and Latent View (31.87 lakhs).
The amount of shares applied for by retail was a huge 135 per cent of the IPO mobilisation (156 per cent in 2020). However, the total allocation to retail was Rs 24,292 crore which was just 20 per cent of the total IPO mobilisation (down from 32 per cent in 2020).
According to Haldea, success of the IPOs was further buoyed by strong listing performance. Of the 58 IPOs which have got listed thus far, 34 gave a return of over 10 per cent (based on closing price on listing date). Sigachi Industries gave a stupendous return of 270 per cent followed by Paras Defence (185 per cent) and Latent View (148 per cent), 40 of the 58 IPOs are trading above the issue price (closing price of 22nd December, 2021). Average listing gain was 32 per cent, in comparison to 44 per cent in 2020 and 19 per cent in 2019.
A total of 25 out of the 63 IPOs that hit the market had a prior PE/VC investment. Offers for sale by such PE/VC investors at Rs 24,106 crore accounted for 20 per cent of the total IPO amount. Offers for sale by promoters at Rs 31,704 crore accounted for a further 27 per cent of the IPO amount. On the other hand, the amount of fresh capital raised in IPOs in 2021 was a very high Rs 43,324 crore, which was greater than the last 8 years combined.
Anchor investors collectively subscribed to 39 per cent of the total public issue amount. FPIs played a dominant role as anchor investors, with their subscription amounting to 24 per cent of the amount followed by MFs at 11 per cent. Qualified Institutional Buyers (including Anchors Investors) as a whole subscribed to 69 per cent of the total public issue amount (data for 59$ companies for which QIB and anchor investors data is available as of now). FPIs, on an overall basis as anchors and QIB, subscribed to 30 per cent of the issue amount followed by MFs at 16 per cent.
The year 2021 also saw record number of filings with SEBI. As many as 115 companies filed their offer document with SEBI for approval. According to Haldea, to put this in context, 2019 and 2020 cumulatively had a total of just 50 filings.
Following from the record number of filings, the IPO pipeline continues to remain strong with 35 companies holding SEBI approval proposing to raise roughly Rs 50,000 crore and another 33 companies which are awaiting SEBI approval to raise about Rs 60,000 crore. This, of course, excludes the much anticipated mega IPO of LIC which is expected to be launched in this fiscal.
Crime
Man who issued death threat to Delhi CM Gupta, arrested from Ghaziabad

New Delhi, June 7: A man who issued a death threat to Delhi Chief Minister Rekha Gupta has been arrested by a team from the North-West District Special Staff of the Delhi Police.
The accused was apprehended from Ghaziabad following swift investigative efforts after the threatening call was made late on Thursday night.
According to police officials, the threat call was made to the Ghaziabad Police Control Room (PCR) while the accused was allegedly under the influence of alcohol.
Shortly after the threat was received, the Delhi Police Control Room was alerted, and the matter was escalated due to the high-profile nature of the target.
Investigators identified the caller and tracked his location, but by the time authorities reached the source, the suspect had switched off his mobile phone.
After intensive tracing efforts, the Special Staff managed to arrest him from a hideout in Ghaziabad.
Preliminary interrogation has revealed that the accused is a law graduate (LLB), who had been facing personal turmoil due to a troubled marriage. His wife had recently left him, which reportedly pushed him into emotional distress.
Before making the death threat, he had placed another call in which he demanded to speak to his wife, police said.
Interestingly, the accused was found in possession of fake identification cards that appeared to be police credentials, raising suspicions that he may have attempted to impersonate law enforcement personnel.
Officers stated that he repeatedly tried to mislead the police during questioning.
“Assessment of the threat perception of VIPs or VVIPs is conducted by security agencies on the direction of the Ministry of Home Affairs (MHA),” a senior Delhi Police officer said.
Chief Minister Rekha Gupta is entitled to Z-category security under the standard protocol. Security agencies are expected to reassess her security cover following this incident, officials confirmed.
Police are continuing their investigation to determine whether the accused has any prior criminal history or links to other disruptive activities.
Authorities have also launched a separate enquiry into the use of forged police IDs found in his possession.
National
Bakrid 2025: Muslims across India celebrate Eid al-Adha with prayers, sacrifice

New Delhi, June 7: Muslims across India are celebrating Bakrid, also known as Eid al-Adha, on Saturday with religious fervour and devotion.
The day began with special congregational prayers held at mosques and Eidgahs in cities and towns nationwide, as people gathered in large numbers to mark the sacred festival.
Eid al-Adha, or the “Festival of Sacrifice,” honours the unwavering faith and obedience of Prophet Abraham, who was willing to sacrifice his son as an act of submission to God.
In commemoration of this act of devotion, Muslims around the world perform ‘qurbani’, the ritual sacrifice of animals such as goats, sheep, or buffalo, and distribute the meat among family, friends, and those in need.
In India, the festival is being observed with great enthusiasm. In Delhi and Noida, large numbers of devotees offered Bakrid prayers early in the morning at major mosques. According to announcements from local mosque committees, Namaz timings varied slightly, in Noida, prayers were held around 7:00 a.m., while in Greater Noida, the timings ranged from 6:45 a.m. to 8:15 a.m. depending on the mosque.
In Kalyan, Thane district of Maharashtra, police presence was heightened near the historic Durgadi Fort due to parallel events planned by the Thackeray and Shinde factions, both claiming to continue the legacy of Dharmaveer Anand Dighe’s “Ghantanaad” movement, a 39-year-old tradition.
In other parts of India, the celebrations continued peacefully.
In Khurja, Bulandshahr, Uttar Pradesh, large crowds assembled at the Eidgah for morning prayers.
In Bhagalpur (Bihar), thousands gathered at Tatarpur Masjid, CTS Ground, and Shahjangi Maidan to offer prayers. Similarly, in Bhopal (Madhya Pradesh), Eidgah Mosque saw significant attendance during the morning Eid al-Adha Namaz.
Bakrid celebrations are expected to continue throughout the day, with families coming together for festive meals, acts of charity, and community bonding.
Authorities across major cities have deployed additional security to ensure peaceful observances.
National
J&K CM Omar Abdullah makes passionate appeal for statehood restoration

Jammu, June 6: During his welcome address to Prime Minister Narendra Modi in Jammu and Kashmir’s (J&K) Katra town on Friday, Chief Minister Omar Abdullah made a passionate appeal for restoration of statehood.
During his welcome speech for the Prime Minister, CM Omar Abdullah said, “Jenab-e-Wallah (exalted sir), when you inaugurated the Katra railway station towards the end of my first term as the Chief Minister, Manoj Sinha ji was the Union Minister of State for Railways.
“He has been promoted as the Lieutenant-Governor while I have been demoted from the Chief Minister of a state to that of a Union Territory. I am confident that your goodself will soon address the issue and announce statehood to J&K”.
He also praised the Prime Minister for making the dream of a rail link to the Valley a reality.
“I was in class 8 and since then I have been hearing about a rail link to the Valley. The dream has been realised in your time sir.
“The start of the train service to the Valley will save us from the loot of the airlines companies who hike airfare to Jammu from Rs 5,000 to Rs 25,000 whenever the Srinagar-Jammu highway gets blocked.
“I must also pay my gratitude to Atal Bihari Vajpayee, who declared the rail link to the Valley a national priority project and made financial allocations for it,” CM Omar said.
On the stage with PM Modi, CM Omar’s body language was very cordial as the PM engaged him in some close to ear talk.
He was also in the forefront of all the official functions on Friday, including the inauguration of the Chenab Railway Bridge, the Anji cable stayed railway bridge, the flag-off ceremony of two Vande Bharat trains, one from Katra to Srinagar and the other from Srinagar to Katra.
CM Omar was among the dignitaries who welcomed the PM on the stage before the latter’s address to the public in Katra stadium.
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