The year 2021 can be termed as the most successful year for Indian IPOs as a total of 64 mainboard firms raised an amount of nearly 1.20 lakh crore, which is the highest amount accumulated through Initial Public Offering in one calendar year. In 2022, the Indian stock market saw one of the most talked-about listings – LIC (Life Insurance Corporation of India), which raised $2.7 billion during the launch.

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