Market Indian IPOs fall to four-year low as economy falters Updated : December 27, 2019 06:22 AM IST Funds raised by Indian IPOs fell to just $2.8 billion this year, the lowest in four years. In 2017, the proceeds hit a record $11.7 billion before falling to $5.5 billion in 2018. Financials and industrial sectors led the declines in IPO issues, with proceeds more than halving. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.