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.
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.
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Funds raised via mainboard IPOs since 2007:
Year | Number of IPOs | Funds Raised (₹ Cr) |
2024* | 68 | 1,17,728.35 |
2023 | 58 | 49,437 |
2022 | 40 | 59,939 |
2021 | 63 | 1,19,882 |
2020 | 16 | 26,628 |
2019 | 16 | 12,687 |
2018 | 25 | 31,731 |
2017 | 38 | 75,279 |
2016 | 27 | 26,501 |
2015 | 21 | 13,513 |
2014 | 7 | 1,201 |
2013 | 5 | 1,284 |
2012 | 13 | 6,834 |
2011 | 40 | 5,977 |
2010 | 66 | 36,362 |
2009 | 22 | 19,307 |
2008 | 39 | 18,340 |
2007 | 108 | 33,946 |
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.
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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.
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.