In 2024, India's Initial Public Offering (IPO) market experienced a remarkable resurgence, emerging as a critical driver of wealth creation and a barometer of investor sentiment. Buoyed by robust economic growth, favourable liquidity conditions, and strong retail participation, the year saw several high-profile companies debut on the stock exchanges. These IPOs reinforced the growing appetite for new-age businesses and established enterprises among institutional and retail investors alike.
Notable IPOs of 2024:
- Swiggy: Raised ₹11,327 crore ($1.4 billion) with a debut at ₹420 (7.7% premium), closing at ₹455.95.
- Vishal Mega Mart: Valued at $943 million, its IPO attracted bids worth $19 billion.
- MobiKwik: Raised $67 million, saw its shares surge 86% on listing, and achieved a valuation of $474 million.
- Bajaj Housing Finance: Oversubscribed by 64x, the shares doubled on listing day. One of the most successful mid-cap IPOs of 2024.
- NTPC Green Energy: Raised $1.2 billion, and its share…
This content is accessible to subscribers only.
Subscription to WInsights is completely free.
Simply share your basic contact information and receive our content straight to your inbox every month.
Subscribe to WInsights to receive our content straight to your inbox every month.
