Indian IPO Market Hits Record High with ₹1.22 Lakh Crore Raised in 2024

The Indian stock market has experienced tremendous growth in 2024, which has also had an impact on the IPO (Initial Public Offering) market. Since the beginning of this year, various companies have raised Rs 1.22 lakh crore through IPOs. This figure is very important, especially when it is taken into account that the end of the year is still two months away, and this amount is likely to increase further.

About 70 percent of this record amount was raised in the month of August itself. A total of Rs 17,109 crore was received in August, which is the largest figure of this year. After this, Rs 11,058 crore was raised in September and about Rs 38,700 crore in October. The IPO market saw momentum from August to October.

Many new companies are planning to launch IPOs at the end of 2024. Well-known brands like Swiggy, Cegility India, ACME Solar Holdings and Niva Bupa Health Insurance are aiming to raise around Rs 19,334 crore through their IPOs. These IPOs are expected to increase this record even further, providing better opportunities to investors.

The recently launched Rs 27,870 crore IPO of Hyundai Motor India received a mixed response in the market. This IPO was India's largest IPO, but its shares were listed at a 1.5 percent discount from the issue price. On the very first day, the shares came to Rs 1,934 against Rs 1,960, and after that, it saw a continuous decline. Ultimately the share price closed at Rs 1,822.

This year's IPO market is proving to be attractive for investors, and as new IPOs are coming, more enthusiasm is being seen in the market. Investors are now paying attention that more big companies will launch their IPOs in 2024, which can create further stir in the market.

Thus, the Indian IPO market in 2024 has set new benchmarks and opened up many possibilities for investors.