MUMBAI — The
Indian stock market witnessed an initial public offering (IPO) boom in 2024 as
compared to any other global stock exchange, with the National Stock Exchange's
(NSE) INR 1.67 lakh crore ($19.5 billion) capital raised through them becoming
the highest in the world, according to a report by the exchange on Friday.
The 268 successful IPOs across mainboard (90) and SME (178)
raised INR 1.67 lakh crore, and were also the highest number of IPOs within
Asia.
The 268 IPOs are also the highest figure of public issues
recorded ever in India, demonstrating the growing confidence of investors in
the capital markets.
It includes the largest IPO in India and the second largest
IPO globally of $3.3 billion of Hyundai Motor India Ltd (HMIL).
While 90 mainboard companies (excluding REiTS, InVITS, and
FPOs) raised over INR 1.59 lakh crore, 178 SMEs collectively raised around INR
7,349 crore, the report stated.
"The record number of IPOs during 2024 highlights the
resilience and potential of the Indian economy. Companies across various
sectors are recognising the value of public markets to support their growth
strategies,” said Sriram Krishnan, Chief Business Development Officer (CBDO),
NSE.
In fact, the data suggests that NSE has alone done more IPOs
than other top exchanges in Asia which includes the IPOs Japan’s (Japan
Exchange Group), Hong Kong’s (Hong Kong Stock Exchange), and China’s (Shanghai
Stock Exchange) have done cumulatively.
The capital raised by the companies via the New York Stock
Exchange (NYSE) was $15.9 billion and the Shanghai Stock Exchange was $8.8
billion.
China's Shangai Stock Exchange recorded 101 public issues
while Japan and Hong Kong's stock exchanges witnessed 93 and 66 IPOs,
respectively.
In 2024, there were a total of 1,145 IPOs raised globally
compared to 1,271 in the year before.
