The Indian stock market recorded the year 2024 as a historic one where the market cap of the National Stock Exchange or NSE rose by 21 per cent on a year-on-year (YoY) basis to Rs 438.9 lakh crore ($5.13 trillion) as of December 31, 2024, from Rs 361.05 lakh crore ($ 4.34 trillion) on December 29, 2023, as per a data put out by it on Tuesday. A total of 301 companies have been listed on the NSE in 2024.
Of these 90 were mainboard and 178 SME companies. Simultaneously, 33 companies have been directly listed.
In 2024, 90 IPOs of the mainboard companies came. All these companies raised a total amount of Rs 1.59 lakh crore. The average IPO size amongst the mainboard companies was Rs 1,772 crore.
Hyundai Motor (KS:005380) India's IPO was the largest this year, with an issue size of Rs 27,859 crore. The smallest IPO was launched by Vibhor Steel Tubes, which was for Rs 72 crore.
This year, 178 SME companies raised Rs 7,348 crore through IPOs. The average size of SME IPOs was Rs 41 crore. The largest SME IPO was launched by Danish Power with an issue size of Rs 198 crore. The smallest SME IPO of the year was launched by HOAC Foods India Ltd with an issue size of Rs 6 crore.
Nifty50 surged 8.8 per cent on an annual basis in 2024.
On December 31, 2024, NSE's benchmark index closed at 23,645 against 21,731 on December 29, 2023.
Among the NSE indices, the Nifty Next 50 index has given the highest return of 27.4 per cent. Meanwhile, Nifty Smallcap 50 and Nifty Midcare 50 have given returns of 25.3 per cent and 21.5 per cent, respectively.
The market cap to GDP ratio of NSE was 145 per cent as at December 31, 2024. This was at 117 per cent at December 29, 2023, recording an increment of 29 per cent.
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