Recap 2024: A record-breaking year for India's IPO market, raising over Rs 1.8 Trillion

Mumbai, Dec 21: The Indian primary market has seen a stellar performance in 2024, emerging as a blockbuster year for initial public offerings (IPOs). This year has become a milestone for initial public offerings (IPOs), as companies from diverse sectors flock to raise funds, creating a buzz in the financial world.

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According to a report by Motilal Oswal, India’s IPO landscape has broken records, with over Rs 1.8 trillion raised—surpassing all previous benchmarks and signaling the country's thriving economic growth. 

The report highlights that over Rs 1.8 trillion has been raised through more than 317 IPOs so far this year. This marks a significant milestone, surpassing the previous record of Rs 1.3 trillion in 2021, and greatly outpacing last year's total of Rs 576 billion.

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The report states, "CY24 has been a blockbuster year for the Indian primary market, with INR 1.8 trillion raised through over 317 IPOs to date—an all-time high." It attributes this extraordinary growth to the evolving dynamics of the Indian equity market and strong inflows of funds. Equity issuances across different categories saw a nearly 2.6-fold increase compared to the previous year, underscoring the growing appeal of the Indian capital market.

This surge signals the ongoing transformation of India’s capital markets, which continue to attract diverse investors. Notably, the IPO market in 2024 has showcased unprecedented sectoral diversity, with companies from a broad range of industries entering the market. This marks a departure from previous years, where IPO activity was often concentrated in just a few emerging sectors. The expanded sectoral representation is viewed as a positive development for the Indian capital market, providing investors with more opportunities to tap into the nation's growth potential.

In addition, the report notes that the benchmark Nifty 50 index surpassed the 26,000 mark in September 2024, reflecting a year-to-date increase of about 12%. While this is lower than the 20% rise seen in 2023, it still points to a solid market performance.

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The report also highlights the continued momentum in the Indian IPO market, driven by a dynamic investment landscape and robust fund inflows. 

The record-breaking fundraising and sector diversification have positioned the Indian primary market for sustained growth, demonstrating investor confidence in India's economic outlook.