September fundraising hit year-high as Nifty fell
In short
September saw the most fundraising of any month this year, while the Nifty dropped sharply.
The listings were priced at a median of 31 times. It is not stated what the full fundraising amount was, or whether the strong listing demand will continue.
What the reporting says
September fundraising reached the highest monthly level this year, alongside a sharp fall in the Nifty, according to the supplied market summary. The report says September listings traded at a median of 31 times, with ESDS Software Solution at 155 times, Hero Motors at 143 times and Prasol Chemicals at 114 times. The immediate market backdrop is a weaker equity market, but the full fundraising total was not stated.
Why it matters
September fundraising was the strongest month of the year even as the Nifty fell, based on the supplied market summary. The same report says September listings commanded a median valuation of 31 times, with ESDS Software Solution, Hero Motors and Prasol Chemicals drawing especially high multiples. The evidence does not state the total money raised, the exact timing, or whether the index fall affected demand.