Indeed, in the past couple of months, there has hardly been even one investment-worthy public issue. Those that are opening during these times are basically unheard of companies trying to mop up whatever money they can. According to Kensource Information Services, which studies the primary market, "though the number of issues between January and March this year was marginally higher, the total amount raised during the period fell by over 75 per cent, from Rs 8,869 crore for the first three months in 1995 to Rs 2,251 crore in 1996. In fact, total funding for primary market-assisted projects in the manufacturing sector has crashed from Rs 38,483 crore in 1994-95 to a mere Rs 14,070 in 1995-96."