Indian corporates mobilize Rs 791.8 crore in Feb’12: SEBI

India Inc’s mobilization of funds has reduced by a whopping 93.5% in February, 2012 as compared to the last month. According to data released by the Securities and Exchange Board of India (SEBI), India Inc mobilised only Rs 791.8 crore in the primary market through five issues. This is much lesser than Rs 12,126.6 crore mopped up through four issues in January.

SEBI has further stated that, in February, all the issues were equity issues which came to the market after a gap of four months. Of the five equity issues, two issues worth Rs 672.2 crore were mobilised through initial public offer (IPO) and three issues amounting to Rs 119.6 crore were rights issues.

The cumulative amount mobilised for the financial year 2011-12 so far, stood at Rs 44,603.8 crore through 61 issues as against Rs 61,094.0 crore through 77 issues during the corresponding period in 2010-11.