New Delhi, July 30 - Buoyed by the recent surge in capital markets, India Inc is planning to raise Rs.16,000 crore ($3.3 billion) through initial public offerings (IPOs) this fiscal, an industry lobby report said Thursday.

'The companies are weighing higher expectations from renewed investor's sentiments to raise funds from the primary market,' Assocham president Sajjan Jindal said.

The Assocham Financial Pulse (AFP) analysis of the emerging IPO trends said companies in the infrastructure, IT, hospitality and textile sectors would issue IPOs to raise funds.

The infrastructure sector hopes to mop up Rs.10,000 crore from the primary market, the report said.

Among the infrastructure sub-sectors, power sector is a leading fund raiser with an estimated Rs.6,236 crore to be raised from IPOs.