Last year, the volatility in the equity markets pushed fundraising through IPOs to a 12-year low. In comparison to the Rs 37, 535 crore raised through this method in 2010, 2013’s Rs 1619 crore seems almost pitiful, hitting the lowest point since 2001, where IPO fundraising was at its lowest at Rs 296 crore, according to Prime Database. 
The report from Prime Database however, shows that there are still 915 companies with IPOs in the pipeline, of which only a handful have been granted permission by the Securities and Exchanges Board of India. On the other hand, global fundraising has hit its highest level since 2010, garnering a total of $774 billion from the equity markets through various instruments like bonds, flotations and secondary issues. 2013 saw a scant few IPOs such as Just Dial, Repco Home Finance and V-Mart Retail. 
Pranav Haldea of Prime Database said “The market has really not been IPO-friendly for last three years due to a variety of factors including overall poor sentiments, volatile secondary market, promoters not getting right valuations, apprehensions of regulator’s views on valuations, lack of appetite for equity of big-time issuers,” Haldea said. In addition, the government has also been unable to push through its divestment programme”.