India Inc mops up record Rs 1.6 lakh crore from IPOs in 2024 – Newz9

NEW DELHI: Fundraising through IPOs in India hit one other landmark as financial progress, favorable market circumstances and enhancements in the regulatory framework helped firms elevate a record Rs 1.6 lakh crore in 2024, whereas the pipeline for the subsequent 12 months holds out larger promise.
This distinctive 12 months not solely mirrored the arrogance of issuers but additionally highlighted buyers’ eagerness to grab itemizing-day beneficial properties or again firms with sturdy lengthy-time period progress potential.
The 12 months was marked by Hyundai Motor India’s historic IPO, the biggest in the nation’s historical past, which raised Rs 27,870 crore.
Companies of various market capitalisations — massive, mid, and small — tapped into the IPO route in 2024, with the common difficulty dimension rising considerably from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The distinctive vibrancy of the IPO market was evident, with December alone seeing no less than 15 launches.
“Rising retail participation, strong domestic inflows and active participation by FPIs (even though they have been net sellers in the secondary market), private capex increase and the government’s strategic focus on infrastructure and key sectors have collectively laid a strong foundation for the fundraising momentum. in India,” V Prashant Rao, Director & Head – ECM, Investment Banking at Anand Rathi Advisors, stated.
Fundraising momentum is anticipated to speed up additional in the New Year, probably surpassing 2024’s record figures, market analysts stated.
“Based on the 75 IPO documents, which are at various stages of approval/ marketing and the deal pipelines, we expect issuance activity in 2025 to cross Rs 2.5 lakh crore,” Munish Aggarwal, Managing Director and Head of Equity Capital Markets at Equirus, stated.
The IPO pipeline for the subsequent 12 months is ready to function main choices, together with HDB Financial Services’ proposed Rs 12,500 crore difficulty, LG Electronics India’s Rs 15,000 crore public float, and Hexaware Technologies‘ Rs 9,950 crore providing.
According to knowledge accessible with the exchanges, 90 maiden public points have been launched in 2024, collectively elevating Rs 1.6 lakh crore. This contains eight IPOs scheduled to conclude on December 23-24. Besides, the Rs 500-crore IPO of Unimech Aerospace and Manufacturing is slated to open on Dec 23.