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2024 IPO Boom: 68 Mainboard Issues Raise ₹1.17 Lakh Crore, Nearing 2021 Record!

By October 21, 2024, 68 mainboard IPOs raised over ₹1.17 lakh crore, approaching the ₹1.19 lakh crore record set in 2021, highlighting a strong year for IPO fund-raising.

Fund-raising through IPOs in 2024 has reached a new peak, with 68 mainboard IPOs launched so far, raising over ₹1.17 lakh crore. Though still slightly below the ₹1.19 lakh crore raised in 2021, it marks a significant rise in primary market activity this year.

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The calendar year 2024 is expected to set a new record for funds raised through mainboard IPOs. With two more months left, the total raised amount is likely to surpass the previous high of 2021. This surge in IPOs has drawn attention to the growth of market participation.

Also Read: Upcoming IPOs to Watch This Week in October 2024 – Get the Full List!

Funds raised via mainboard IPOs since 2007:

YearNumber of IPOsFunds Raised (₹ Cr)
2024*681,17,728.35
20235849,437
20224059,939
2021631,19,882
20201626,628
20191612,687
20182531,731
20173875,279
20162726,501
20152113,513
201471,201
201351,284
2012136,834
2011405,977
20106636,362
20092219,307
20083918,340
200710833,946

Several major IPOs are expected to launch in the coming months, potentially pushing the total amount higher. One such big-ticket IPO is that of Swiggy Ltd, which could launch its offering as early as November. Reports suggest that Swiggy’s IPO could exceed ₹12,000 crore.

Also Read: List Of New IPOs – Upcoming IPOs

Swiggy’s draft red herring prospectus outlines a fresh issue worth ₹3,750 crore, along with an offer for sale (OFS) of up to 182,286,265 equity shares. This would be one of the largest IPOs in the food delivery sector, positioning Swiggy for future growth.

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Other major IPOs expected soon include those of National Securities Depository Ltd (NSDL), NTPC Green Energy Ltd, ACME Solar Holdings Ltd, and Vishal Mega Mart Ltd. These upcoming offerings could further boost the IPO market’s momentum and set new records by the year’s end.

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