2024 Sees Record IPO Fundraising of Rs 1.8 Lakh Crore
Deccan ChronicleChennai: Calendar year 2024 was a blockbuster year for the market as a record high Rs 1.8 lakh crore was raised through 317 Initial Public Offerings and Follow-on Public Offerings surpassing the previous record of Rs 1.3 lakh crore set in 2021. Against 2023, when 242 companies raised a total capital of Rs 57,600 crore, 2024 saw highest number of companies raising record high capital of through IPOs and FPOs, according to a report by Motilal Oswal. On an aggregate basis, IPOs have been oversubscribed by 26.6x, attracting a subscription of Rs 46.7 lakh crore against the offer size of Rs 1.8 lakh crore. Though SMEs raised a total of Rs 9200 crore against Rs 4900 crore in 2023, their share went down to 5.3 per cent against 8.9 per cent in the previous year.