By leading Asia in IPOs and setting a global record for equity capital raised in the primary market, the National Stock Exchange (NSE) has accomplished a noteworthy milestone in 2024.
With a total of 268 IPOs in 2024—90 on the Main Board and 178 on the SME platform—they raised about Rs 1.67 lakh crore. The fact that this is the most IPOs ever completed in a single year shows how confident investors are and how active the Indian equity markets are.
Globally, 1,145 initial public offerings (IPOs) were listed in 2024, a minor decrease from 1,271 in 2023. In spite of this, India proved to be an exceptional performer, contributing to almost 25 per cent of Asia’s initial public offerings.
268 companies went public rasing over Rs 1.67 lakh crore
‘India topped the list with NSE helping 268 companies go public, raising a total of about Rs 1.67 lakh crores, including the largest IPO in India and the second largest IPO globally of Rs 27,500 crore of Hyundai Motor India Ltd,’ the exchange said in a statement.
‘The data suggests that NSE has alone done more number of IPOs than other top exchanges in Asia, including the IPOs Japan’s (Japan Exchange Group), Hong Kong’s (Hong Kong Stock Exchange), and China’s (Shanghai Stock Exchange) have done cumulatively,’ said Sriram Krishnan, Chief Business Development Officer, NSE.
NYSE and shanghai markets have raised 15.9 billion and 8.8 billion
‘Compared to other global exchanges like the NYSE of USD 15.9 billion and the Shanghai Stock Exchange of USD 8.8 billion, the NSE has facilitated the highest amount of fund raise through IPOs in CY2024 of USD 17.3 billion,’ he continued.
With the exception of follow-on public offerings (FPOs), infrastructure investment trusts (InVITs), and real estate investment trusts (REITs), 90 Main Board IPOs contributed roughly Rs 1.59 lakh crore of the total funds raised. According to a statement, 178 SMEs raised a total of Rs 7,349 crore.
