India's IPO Market Hits New Heights in 2024

The Indian IPO market witnessed a historic year in 2024, with companies raising a record Rs 1.6 lakh crore. This exceptional performance was driven by economic growth, favorable market conditions, and improvements in the regulatory framework.

The year was marked by significant events such as Hyundai Motor India's historic IPO, the largest in the country's history, raising Rs 27,870 crore. Companies of varying market capitalizations, from large to small, tapped into the IPO route, with the average issue size more than doubling from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.

Market Vibrancy and Future Prospects

The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches. Factors contributing to this momentum include rising retail participation, strong domestic inflows, and active participation by FPIs. Market analysts predict that fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures.