IPO boom in 2024: How Much Money Is Raised Through IPOs in 2024?-Detail

2024 emerged as a historic year for India's primary market, with ₹1.8 lakh crore raised through over 317 IPOs, according to a report by Motilal Oswal. This surpassed the previous record of ₹1.3 lakh crore set in 2021 and was significantly higher than the ₹57,600 crore raised in 2023.

The surge in IPO activity was attributed to the evolving dynamics of the Indian equity market and strong inflows of funds. Equity issuances across categories grew by 2.6 times compared to the previous year.

IPO Participation & Drivers of Growth:

A key highlight of 2024 was the diverse sectoral representation in IPOs. Companies from a wide range of industries entered the market, offering investors multiple avenues for growth, unlike previous years, which were dominated by a few sectors.
In September 2024, the benchmark Nifty 50 index crossed 26,000, achieving a 12% year-to-date rise. Though slightly below 2023's 20% increase, it underscored the market's strong performance and resilience.

Landmark IPOs and Rising Issue Sizes

The year also saw Hyundai Motor India launch the largest IPO in India's history, raising ₹27,870 crore. Companies of all sizes participated in the IPO market, with the average issue size doubling from ₹867 crore in 2023 to over ₹1,700 crore in 2024. December alone witnessed 15 IPO launches, showcasing the market's exceptional vibrancy.

IPO 2025: Future Outlook

The record fundraising, sectoral diversification, and investor confidence in 2024 reflect the increasing maturity and resilience of India's capital markets. With a strong IPO pipeline for 2025, the Indian primary market is poised for sustained growth, driven by economic expansion, favorable market conditions, and regulatory improvements.