After a document-breaking efficiency in 2021, the preliminary public offering (IPO) market delivered mixed returns in 2022, due to heightened volatility triggered by geopolitical tensions and global economic turmoil. The IPO market raised over Rs 57,000 crore in 2022 as in comparison to Rs 1.2 lakh crore raised by 63 companies in 2021, which used to be the absolute best IPO twelve months in 20 years.
