From Swiggy to Hyundai Motors and NTPC Green, India's stock market has seen a number of blockbuster IPOs in 2024. Companies have cumulatively raised over Rs 1 trillion via IPOs with small and medium enterprises also getting in on the act.
The year 2024 marked a significant resurgence in India's stock market, particularly in the realm of Initial Public Offerings (IPOs). According to the article from Firstpost, 2024 was a banner year for IPOs, witnessing a notable increase in both the number and the value of IPOs compared to previous years. This surge was driven by a combination of factors including a robust economic recovery, increased investor confidence, and favorable market conditions. Key highlights include the successful IPOs of several high-profile companies across various sectors like technology, finance, and consumer goods. The article notes that the total funds raised through IPOs in 2024 surpassed previous records, with many IPOs being oversubscribed multiple times, reflecting strong retail and institutional investor interest. Additionally, the performance of these newly listed companies post-IPO was generally positive, with many stocks trading above their issue prices, further fueling the IPO market's momentum.
Business & Finance
Wed, December 18, 2024 
