The National Stock Exchange said on Friday that it has seen the most number of IPOs in Asia last year, which together raised about Rs 1.67 lakh crore from the primary market to date, the largest-ever fundraising globally.
This has been the best year ever for the bourse in terms of IPOs, with a total of 90 on the mainboard and 178 on the SME platform Emerge," said NSE, adding that the numbers reflect increasing investor confidence in India's capital markets.
Globally, IPO activity saw 1,145 listings in 2024 as against 1,271 in 2023. However, India was an outstanding performer and accounted for around 25 per cent of all IPO activity in Asia, it added.
"India led the chart with NSE facilitating 268 companies going for IPOs raising total fundraise of approximately Rs 1.67 lakh crore (USD 19.5 billion), including the Rs 27,735 crore (USD 3.3 billion) public issue of Hyundai Motor India, the largest-ever in India and the second-largest globally in 2024," the exchange said in a statement.
Out of the total IPOs, 90 firms have been listed on NSE's mainboard and have brought in Rs 1.59 lakh crore while 178 SMEs collectively brought in Rs 7,349 crore, noted it.
"The record number of IPOs in this calendar year highlights the resilience and potential of the Indian economy," said Sriram Krishnan, Chief Business Development Officer at NSE.
The data suggest that NSE has alone done more number of IPOs than other top exchanges in Asia, including Japan Exchange Group, Hong Kong Stock Exchange, and China's Shanghai Stock Exchange have done cumulatively, Krishnan added.
Krishnan also added that NSE has enabled the highest amount of fund raising through IPOs in 2024 of USD 17.3 billion against other global exchanges like NYSE (USD 15.9 billion) and Shanghai Stock Exchange (USD 8.8 billion).
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