A key highlight of 2024 has been the robust performance of the Initial Public Offering (IPO) market. Companies raised approximately ₹1,62,800 crore via IPOs. Additionally, these IPOs saw a weighted average listing premium of 31%.
The Small and Medium Enterprises (SME) segment also experienced remarkable growth. The number of SME IPOs surged from 109 in 2022 to 235 in 2024. This uptick was accompanied by a significant increase in funds raised, jumping from ₹1,900 crore in 2022 to ₹8,600 crore in 2024.
Qualified Institutional Placements (QIPs) also had a stellar year in 2024. A total of ₹1,13,100 crore was raised through QIPs, contributing to the overall fundraising boom. Major companies such as Vedanta and Zomato led the charge, which helped drive a surge in QIP activity.
When comparing 2024 with 2023, it’s clear that the capital markets have experienced significant growth across various fundraising methods, including IPOs, Follow-on Public Offers (FPOs), Offer for Sale (OFS), QIPs, and rights issues. Here’s a quick breakdown:
- Mainboard IPOs saw a 2.3-fold increase in the amount raised, and the number of issues rose by 60%.
- SME IPOs experienced an 87% jump in the amount raised, with issuances increasing by 31%.
- Offer for Sale (OFS) transactions saw a 64% increase in the amount raised, although the number of issues remained flat.
- QIPs grew by 63% in the funds raised, with an 11% increase in the number of issues.
- Rights Issues were the only segment to experience a decline in 2024, with funds raised down by 39%. However, the number of rights issues saw a modest increase of 8%.
2024 has truly been a record-setting year for Indian capital markets. With IPOs and QIPs hitting all-time highs and SME IPOs seeing significant growth, the market has demonstrated resilience and vitality.
