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IPOs Are Back on Menu for India's Rich
Mint Mumbai
|January 31, 2025
Impressive listing gains in the post-pandemic bull run have fuelled investor confidence.
After a brief post-pandemic lull, India's affluent are again betting on initial public offerings (IPOs) to make a fortune.
Sample this: Of ₹1,59,784.16 crore, 91 main-board companies collectively raised through public issues in 2024, ₹20,000 crore came from high-net-worth individuals (HNIs).
HNIs are people who have investable assets exceeding ₹5 crore.
To be sure, HNI subscription to IPOs peaked at an average of 203.28X (over ₹26,000 crore in absolute terms) in 2020, the year of the covid-19 outbreak, and has been declining since.
However, 2024 marked a revival, with subscription levels climbing to 104.80X—the highest in three years, showed data from Prime Database.
Cette histoire est tirée de l'édition January 31, 2025 de Mint Mumbai.
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