Covid-19 pandemic and risk-aversion halt SME juggernaut in FY21

The pandemic and the resultant risk aversion among investors for lesser-known names seem to have put the brakes on initial public offerings (IPO) of small and medium enterprises (SME) this financial year. This financial year (FY21) has seen 25 SME IPOs hitting the market and garnering Rs 213 crore, the lowest in the last eight years. The only other year when collection was lower was FY13. FY18 and FY19 were the best years for SME IPOs with collections of Rs 2,213 crore and Rs 1,620 crore, respectively. Rangoli Tradecomm and Pavna Industries were the biggest offers in FY21, wi.....

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