The IPO pipeline for the rest of 2024 remains strong, with 25 companies planning to raise nearly Rs 63,550 crore, having already received SEBI's approval.

IPO Fundraising in 2024 Reaches Third Highest in Primary Market History

IPO fundraising in 2024 has seen a remarkable performance, with 60 companies raising Rs 63,985 crore through mainboard offerings, making it the third highest amount raised in a calendar year in the primary market's history, according to PRIME Database. This marks a 29% increase compared to the previous calendar year, 2023.

In 2023, a total of 57 companies collectively raised Rs 49,436 crore via IPOs, PRIME Database data indicates. In contrast, 63 companies had raised Rs 1.19 trillion through IPOs in 2021, which included the massive Life Insurance Corporation of India (LIC) IPO. Additionally, in 2017, 36 companies had mobilized Rs 67,147 crore through IPOs.

The IPO fundraising for 2024 is likely to set new records, with major companies like Hyundai Motor India and Swiggy receiving approval from the Securities and Exchange Board of India (SEBI) to raise Rs 25,000 crore and Rs 11,000 crore, respectively.

The remaining part of the calendar year 2024 is expected to witness continued strong performance in the IPO market. Currently, 25 companies have plans to raise nearly Rs 63,550 crore, having already obtained SEBI's approval. This strong pipeline underscores the growing investor confidence and the robust demand for public offerings in India’s primary market.

Read more :

No related blogs available.