Ample domestic liquidity and strong post-listing performances have fueled the success of this year's IPOs.

2024 IPOs Break ₹1 Trillion Barrier with Afcons Infrastructure Leading the Charge

Afcons Infrastructure’s ₹5,430 crore initial public offering (IPO) has propelled the 2024 IPO market beyond the ₹1 trillion mark, a milestone previously achieved only once in 2021 when it reached ₹1.19 trillion.

Anticipation surrounds upcoming major IPOs from Swiggy (₹11,700 crore), NTPC Green (₹10,000 crore), and Vishal Mega Mart (₹8,000 crore), which are poised to potentially surpass the 2021 record.

The IPO surge is bolstered by the robust performance of small and medium enterprises (SMEs), with 215 companies raising ₹7,700 crore, marking a 65% increase over last year's record.

This year’s IPO success is attributed to abundant domestic liquidity and positive post-listing performances. Out of 64 mainboard IPOs, only 12 stocks fell below their issue price on the listing day. Currently, including Hyundai, just 15 stocks trade below their IPO price.

Key Points:

Afcons Infrastructure’s IPO helps push 2024 IPO mobilization beyond ₹1 trillion.
Upcoming IPOs from Swiggy, NTPC Green, and Vishal Mega Mart expected to break previous records.
SME IPOs set a new record with 215 companies raising ₹7,700 crore.
The strong IPO market driven by domestic liquidity and positive listing day performances.
Out of 64 mainboard IPOs, only 12 stocks dipped below issue price on listing day; 15 currently trade below IPO price.

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