IPO boom: Record ₹1.6 lakh crore raised in 2024

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record ₹1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.

- Press Trust of India

NEW DELHI:

This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential. The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised ₹27,870 crore.

Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from ₹867 crore in 2023 to over ₹1,700 crore in 2024.

The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.