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Fundraising via IPOS may soar 40% in 2024
Financial Express Mumbai
|January 04, 2024
The next couple of months should see several issues being launched
THE PIPELINE OF initial public offerings (IPOs) is likely to remain strong for 2024, with 27 companies looking to raise ₹28,500 crore presently holding valid approvals from the Securities and Exchange Board of India (Sebi), according to PRIME Database.
Another 36 companies looking to mop up a combined ₹40,500 crore are awaiting nods from the regulator. Of the total 63 firms, three are new-age tech companies (NATCs) eyeing roughly ₹16,000 crore. These are: OYO, Digit insurance and FirstCry.
According to Pranav Haldea, managing director of PRIME Database Group, the next couple of months should see several IPOs being launched, before a pause on account of the general elections.
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