Mumbai, January 3 (IANS). Through the National Stock Exchange (NSE), 268 companies have raised capital of Rs 1.67 lakh crore ($ 19.5 billion) through Initial Public Offering (IPO) in 2024. This is the largest figure for raising capital by companies through any one stock exchange in the world in the last year. This information was given by the exchange on Friday.
Of the 268 IPOs last year, 90 were mainboard IPOs and 178 were SME IPOs. This is by far the largest number of IPOs in any one calendar year in the Indian stock market. This shows that investors’ confidence in the market is increasing.
Companies have raised Rs 1.59 lakh crore in 90 mainboard IPOs (REITS, INVITS and FPOs). Out of this, capital worth Rs 7,349 crore has been raised in 178 SME IPOs.
The $3.3 billion IPO of Hyundai Motor India Limited (HMIL) in 2024 was the second largest IPO in the Indian stock market and the world.
Chief Business Development Officer (CBDO), NSE, Shriram Krishnan said that the record IPO in 2024 shows the strength of the Indian stock market. Companies across all sectors have understood the importance of capital markets for their growth.
Further said that data shows that NSE in Asia has been ahead of Japanese Stock Exchanges, Hong Kong Stock Exchange and Shanghai Stock Exchange of China in terms of number of IPOs in 2024.
Last year, there were 101 IPOs on China’s Shanghai Stock Exchange, 93 and 66 IPOs on Japan and Hong Kong’s stock exchanges respectively.
Capital raised by companies in 2024 was $15.9 billion through the New York Stock Exchange (NYSE) and $8.8 billion through the Shanghai Stock Exchange.
There were 1,145 IPOs globally in 2024. A year ago their number was 1,271.
According to NSE, the total number of registered investors till December was more than 21 crore.
According to NSE data, Maharashtra currently has the highest number of accounts among all states at more than 3.7 crore. This is followed by 2.28 crore accounts in Uttar Pradesh, 1.87 crore in Gujarat and more than 1.2 crore each in Rajasthan and West Bengal.
–IANS
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