chennai the indian risk appetite for equity seems to be growing with sebi terming 201617 as the year of the ipo market sebis annual report points to a shift in investment pattern ipos which were only 158 of all equity issues in 201314 have risen to 469 share in 201617 according to sebi annual report in net worth terms the size of the ipo market has ballooned 96 to rs 21904 crore from rs 14560 crore this even as the share of bond issues dips to 476 from 584 the previous year of the 106 ipos in 201617 77 were listed on the sme platform the companies which came out with ipos were from diverse and unconventional sectors in contrast to the trend of dominance by companies from a few sectors like banking finance and it in the ipo market since 2000 while this indicates the gradual rise of capital market as a mode of finance among large and small corporates it also provides an enormous opportunity for investors to invest in a crosssection of firms which represent the growth economy said the regulatorwhile fpos have had a scant presence in the primary market since 201213 except in 201314 the share of debt and rights issues declined during 201617 compared to the previous year the threefold growth of the mf market is another reason for the buoyancy midcap and smallcap companies are seeing more opportunities for a good valuation given current market conditions says cyrus khambata ceo cdsleven the sme platforms on the exchanges have seen good growth smes whose postissue paid up capital is less than or equal to rs 25 crore managed a 114 in resource mobilisation about 77 companies listed raised rs 809 crore compared to rs 379 crore from 50 issues the previous yearthe surge in small and midcap stocks has seen more business coming to indian lead underwriters and merchant bankers when it comes to funds smallcap and midcap stocks local brokers are better placed for both the primary and secondary capital market issues says dhananjay sinha head of research emkay globalrights issues have dipped to rs 3416 crore from rs 9239 crore with its share dipping to 55 from 16 this is not really the market for rights issues theres been a flood of ipos the market is ready to pay a premium when there is no difficulty in tapping the ipo market there is no question of rights issues adds sinha another reason analysts point to is the need for good exits for private equity players this year many pe players who invested as early as 20082009 were stuck for many years with their investments so you can see a lot of these investors coming to the market to sell their stake the latest market rally presents a good window of opportunity for some of these investors to make an exit said arun natarajan founder venture intelligencethe rise of systematic investment plans sips and their pumping in close to rs 5000 crore