2024 emerges as blockbuster year for IPOs with record raising of Rs 1.8 trillion: Motilal Oswal
India’s primary market witnessed 2024 as a blockbuster year for initial public offerings (IPOs), according to a report by Motilal Oswal.
The report revealed that a record breaking Rs 1.8 trillion has been raised through over 317 IPOs so far this year.
This figure surpasses the Rs 1.3 trillion target set for 2021 and is significantly higher than last year’s total of Rs 576 billion.
It said “CY24 was a blockbuster year for the Indian equity market, with INR1.8t raised by over 317 IPOs so far – the highest ever” The report attributed this phenomenal growth to the volatility of the Indian equity market and strong inflow of funds.
The issuance of Equity in various categories has seen a growth of about 2.6 times compared to the previous year.
This increase reflects the development of the Indian stock market, which continues to attract investors with various opportunities.
The report emphasized that the IPO market this year showed unprecedented diversity, with companies from various sectors entering the market.
This is a change from years past, when IPO activity tended to focus on a few emerging industries.
Broader industry representation in IPOs is seen as a positive development in the Indian capital market, offering investors more ways to participate in the country’s growth story.
Additionally, the report added that the benchmark index, the Nifty 50, crossed the 26,000 mark in September 2024, achieving a current rise of 12 percent.
This is slightly less than the 20 percent increase recorded in 2023 but still shows strong performance.
The report also underscored the strong momentum in the Indian IPO market, driven by an improving investment climate and healthy fund inflows.
Record capital accumulation and industry diversification have positioned India’s primary market for continued growth, reflecting investor confidence in the country’s economic trajectory.
As the year 2024 draws to a close, the performance of the Indian IPO market serves as a testament to the growing growth and resilience of the country’s capital markets.
