2024 saw over 90 IPOs in India, with 65% gaining, ₹1.3 trillion raised. Here’s a look at the major highlights that defined the IPO landscape.
2024 IPO Highlights: A Record-Breaking Year for Indian Markets
Around 65% of IPOs are currently trading above their issue prices, showcasing strong investor confidence.
| Category | Details |
|---|---|
| IPO Performance | Over 90 companies went public, with around 65% trading above their issue prices. |
| Top Gainers | Jyoti CNC Automation: Issue Price ₹331, Current Price ₹1,369 KRN Heat Exchanger: Issue Price ₹220, Current Price ₹732 Premier Energies: Issue Price ₹450, Current Price ₹1,309.8 |
| Other Major Gainers | Mamata Machinery (159%), Bharti Hexacom (156%), Platinum Industries (148%), Gala Precision Engineering (147%), Orient Technologies (134%). |
| Biggest Listing Gains | Vibhor Steel Tubes: 196% gain on debut BLS E-Services Limited: 171% gain on debut Mamata Machinery: 159% gain on debut |
| Top Losers | Popular Vehicles and Services: Down 47% from ₹295 Capital Small Finance Bank: Down 40% from ₹468 Vodafone Idea FPO: Down 32% |
| December IPO Boom | 15 IPOs raised ₹24,950 crore, the highest since February 2007. |
| India’s IPO Leadership | Hosted twice as many IPOs as the US and 2.5 times more than Europe. 76 companies raised ₹1.3 trillion in the first 11 months. |
| 2025 Outlook | Projection: ₹2 lakh crore to be raised through IPOs. Pipeline: 34 companies approved to raise ₹41,462 crore, 55 more awaiting clearance to raise ₹98,672 crore. |
Outlook for the IPO Market in 2025
India has emerged as a leader in IPO volume, with nearly twice as many IPOs as the US and 2.5 times more than Europe. In 2024, around 76 companies raised approximately ₹1.3 trillion in the first 11 months.
Looking ahead to 2025, Pantomath Group’s Managing Director, Mahavir Lunawat, projects that IPO equity raised will surpass ₹2 lakh crore, driven by strong market momentum. This growth highlights the resilience of India’s capital markets, investor confidence, and the vital role IPOs play in boosting economic growth.
Currently, 34 companies have SEBI approvals to raise ₹41,462 crore, while 55 more companies are waiting for clearance to raise an additional ₹98,672 crore.
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